Risk Acceptance - ENISA

Acceptance of residual risks that result from with Risk Treatment has to take place at the level of the executive management of the organization (see ... Home Topics ThreatandRiskManagement RiskManagement CurrentRisk RMInventory RMProcess RiskAcceptance Navigationmenu ThreatandRiskManagement ThreatLandscape RiskManagement CurrentRisk RMInventory Introduction RMProcess CRMStrategy RiskAssessment RiskTreatment RiskAcceptance Monitor&Review RM&ISMS RM/RAMethods RM/RATools Roadmap Glossary Downloads Literature Acknowledgements Comparison BusinessProcessIntegration BCM&Resilience Laws&Regulation CurrentRisk EmergingandFutureRisks ApproachesforSMEs WorkingGroup RiskAcceptance RiskAcceptance(optionalprocess) https://www.enisa.europa.eu/topics/threat-risk-management/risk-management/current-risk/risk-management-inventory/rm-process/risk-acceptance https://www.enisa.europa.eu/@@site-logo/logo.png AcceptanceofresidualrisksthatresultfromwithRiskTreatmenthastotakeplaceattheleveloftheexecutivemanagementoftheorganization(seedefinitionsinRiskManagementProcess).Tothisextent,RiskAcceptanceconcernsthecommunicationofresidualriskstothedecisionmakers. Onceaccepted,residualrisksareconsideredasrisksthatthemanagementoftheorganizationknowinglytakes.ThelevelandextentofacceptedriskscompriseoneofthemajorparametersoftheRiskManagementprocess.Inotherwords,thehighertheacceptedresidualrisks,thelesstheworkinvolvedinmanagingrisks(andinversely). Thisdoesnotmean,however,thatonceacceptedtheriskswillnotchangeinforthcomingrepetitionsoftheRiskManagementlife-cycle.WithintherecurringphasesandactivitiesoftheRiskManagementprocesses(andinparticularRiskTreatmentaswellasMonitorandReview)theseverityoftheseriskswillbemeasuredovertime.Intheeventthatnewassertionsaremadeorchangingtechnicalconditionsidentified,risksthathavebeenacceptedneedtobereconsidered. RiskAcceptanceisconsideredasbeinganoptionalprocess,positionedbetweenRiskTreatmentandRiskCommunication(moreinformationhere).Thisprocessisseenasanoptionalone,becauseitcanbecoveredbybothRiskTreatmentandRiskCommunicationprocesses.ThiscanbeachievedbycommunicatingtheoutcomeofRiskTreatmenttothemanagementoftheorganization.OnereasonforexplicitlymentioningRiskAcceptanceistheneedtodrawmanagement'sattentiontothisissuewhichwouldotherwisemerelybeacommunicativeactivity. Intheattachedinventories,RiskAcceptancehasbeenincludedintheassessmentofmethodsandtools,asitmightbeadecisioncriterionforcertainkindsoforganizations(e.g.inthefinancialandinsurancesector,incriticalinfrastructureprotectionetc.). Sharethispage Wasthispagehelpful? Yourfeedbackcanhelpusmaintainorimproveourcontent. Markthispageforreview Nextarticle Monitor&Review Previousarticle TheRiskManagementProcess Recommendedpublications InteroperableEURiskManagementFramework Thisreportproposesamethodologyforassessingthepotentialinteroperabilityofriskmanagement(RM)frameworksandmethodologiesandpresents... PublishedonJanuary13,2022 CompendiumofRiskManagementFrameworkswithPotential... PublishedonJanuary13,2022 ForesightChallenges PublishedonNovember22,2021 ThreatLandscapeforSupplyChainAttacks PublishedonJuly29,2021 Recommendednews HowtoachievetheInteroperabilityofEURiskManagement... TheEuropeanUnionAgencyforCybersecurity(ENISA)issuesananalysisoftheinteroperabilitypotentialofcybersecurityriskmanagementframeworks... PublishedonJanuary13,2022 StepTowardsForesightonEmergingCybersecurityChallenges PublishedonNovember22,2021 UnderstandingtheincreaseinSupplyChainSecurityAttacks PublishedonJuly29,2021 EUBoostagainstcyberattacks:EUAgencyforCybersecurity... PublishedonJune23,2021 ENISAwelcomestheEUCybersecurityStrategyandAgency’s... PublishedonDecember17,2020 References RMProcess Weusecookiesonourwebsitetosupporttechnicalfeaturesthatenhanceyouruserexperience. Wealsouseanalytics.Toopt-outfromanalytics, clickformoreinformation. I'vereadit Moreinformation