Course Motivation

Course Motivation

This training course provides a deep dive into ISO/IEC 27005, the international benchmark for Information Security Risk Management (ISRM). Going beyond basic technical fixes, this course gives security professionals a structured, repeatable framework for identifying, analysing, and treating cyber risks aligned with business objectives.

By mastering this standard, participants learn to transition from reactive troubleshooting to proactive risk leadership.

Core Learning Objectives

  • Standardised Methodology: Master the "Context-Assess-Treat" cycle to ensure consistent risk results.

  • Business Alignment: Learn to translate technical vulnerabilities into the financial and operational language used by stakeholders.

  • Strategic Prioritisation: Utilise risk evaluation criteria to allocate budgets and resources where they will have the highest impact.

  • Compliance Integration: Understand how ISO 27005 serves as the essential "risk engine" that powers an ISO 27001 Management System.

Why This Matters

In an era of evolving threats, "perfect security" is a myth. This course teaches you how to achieve risk resilience, ensuring your organisation understands its risk appetite and possesses the analytical tools to protect its most critical assets.

Advanced Risk Management

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  • Course Motivation

0.0 Shifting from technical execution to strategic risk management.

  • The Strategic Imperative of the Security Function
  • IBM - Motivation for Risk Analysis in CyberSecurity (11 min)
  • Google - Security Frameworks (30 min)
  • Introduction: The Evolution of Security Management

1. Introduction to ISO/IEC 27005 and information security risk management

  • Introduction: The Evolution of Risk Management Standardisation
  • International Standardisation: ISO 31000 versus ISO 27005
  • The ISO Risk Management and other frameworks
  • The Psychology of Risk Perception and Decision-Making
  • The ISO 31000 Architecture: Principles, Framework, and Process
  • Review of Risk Assessment Methodologies (IEC 31010)
  • Scope, Context, and Criteria
  • Leadership, Governance, and Corporate Commitment
  • Quiz01 - Risk Management [Day01]

2. Information Security Risk Identification, Assessment, and Treatment (ISO/IEC 27005)

Delayed 1 day

  • Identification and description of information security risks
  • Identification of risk owners
  • Assessment of potential consequences
  • Determination of risk levels
  • Comparison of risk analysis results with established risk management criteria
  • Risk prioritization
  • Determination of required controls for risk treatment
  • Risk treatment plan
  • Quiz02 - Risk Identification, Assessment and Treatment [day2]

3 - Risk Acceptance, Communication, Monitoring and Review

Delayed 2 days

  • Key Take aways (Module 01 - Module 02)
  • Quiz03 - Recap - Session 1 & 2
  • Communication and Consultation of Results
  • Documentation of the Risk Analysis Process
  • Documentation of Results
  • Monitoring of Risk-Generating Factors
  • Deep Dive: Navigating Complexity with ISO/TS 31050 and the Risk Intelligence Cycle
  • Future-Looking Challenges for Risk Management and ISO/IEC 27005

4 - Risk Assessment Methodologies

Delayed 3 days

  • The Methodological Shift: Transcending Traditional Frameworks
  • Technique 1: STRIDE for Cloud and PaaS Architectures
  • Technique 2: Subjective Evaluation of Opaque AI Risks
  • FMEA, Red Teaming, and Risk Register Integration
  • Risk Monitoring Processes
  • Part B: Procedure to Execute an FMEA Analysis

05 - ISO 27005 Risk Assessment Using FMEA

Delayed 4 days

  • Process Overview - Lab: AI and Cloud Services
  • Quiz - Simulation exam
  • Quiz - summary