Prescribing Risk Assessment for Control Application

A.

The standard that prescribes a risk assessment to identify whether each control is required to decrease risks and, if so, to which extent it should be applied is ISO 27001.

ISO 27001 is a globally recognized standard for information security management systems (ISMS). It provides a systematic approach to managing sensitive company information so that it remains secure. ISO 27001 focuses on identifying, assessing, and managing information security risks.

A key component of ISO 27001 is the risk assessment process, which helps organizations identify potential threats and vulnerabilities to their information assets. The risk assessment process involves identifying the risks, evaluating the likelihood and impact of those risks, and determining appropriate controls to mitigate those risks.

ISO 27001 requires organizations to perform a risk assessment to determine the appropriate controls needed to protect their information assets. The risk assessment helps organizations identify the risks to their information assets, the likelihood of those risks occurring, and the potential impact if those risks were to materialize. Based on this information, organizations can determine which controls are necessary and to what extent they should be applied.

In conclusion, ISO 27001 is the standard that prescribes a risk assessment to identify whether each control is required to decrease risks and, if so, to which extent it should be applied.