![]() ![]() ![]() (MANAGE 1.4, Artificial Intelligence Risk Management Framework, NIST AI 100-1) Negative residual risks (defined as the sum of all unmitigated risks) to both downstream acquirers of AI systems and end users are documented.(ID.RA-5.6, Financial Services Sector Cybersecurity Profile, Version 1.0.0) The organization determines ways to aggregate cyber risk to assess the organization's residual cyber risk.The remaining risk should be documented and subjected to monitoring, review and, where appropriate, further treatment. Decision makers and other stakeholders should be aware of the nature and extent of the remaining risk after risk treatment.risks or issues not adequately addressed in any previous risk assessment (§ 9.3.2 ¶ 1 i), ISO 22301:2019, Security and resilience â Business continuity management systems â Requirements, Second Edition).Reason… (§ 6.1 ¶ 14, The Federal Office for Information Security, BSI-Standard 200-3, Risk Analysis based on IT-Grundschutz, Version 1.0) In practice, however, this is not always appropriate. Ideally, an organisation only accepts "Low" risks. This documents in a traceable manner that the organisation is aware of the residual risk. The residual risk must then be submitted to the management level for approval ("risk acceptance").(§ 8.1 Subsection 4 ¶ 3, BSI Standard 200-1, Information Security Management Systems (ISMS), Version 1.0) When developing the strategy, the residual risk is an important decision criterion, in addition to the costs, that must be considered by the management level.The various aspects that are considered a part of measurements include costs to safeguard the information and information systems, value of that information and … (Critical components of information security 2) 5), Guidelines on Information Security, Electronic Banking, Technology Risk Management and Cyber Frauds) Quantitative methods involve assigning numerical measurements that can be entered into the analysis to determine total and residual risks. ![]()
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