Mastering the fundamental principles and concepts of Risk Assessment and Optimal Risk Management in Information Security based on ISO/IEC 27005

Summary

This three day intensive course participants develop the competence to master the basic risk management elements related to all assets of relevance for information security using the ISO/IEC 27005:2011 standard as a reference framework. Based on practical exercises and case studies, participants acquire the necessary knowledge and skills to perform an optimal information security risk assessment and manage risks in time by being familiar with their life cycle. During this training, we will also present other risk assessment methods such as OCTAVE, EBIOS, MEHARI and Harmonized TRA. This training fits perfectly with the implementation process of the ISMS framework in ISO/IEC 27001:2013 standard.

Who should attend?

  • Risk managers
  • Member of the information security team
  • Persons responsible for information security or conformity within an organization
  • Staff implementing or seeking to comply with ISO/IEC 27001 or involved in a risk management program
  • IT consultants

Learning objectives

  • To understand the concepts, approaches, methods and techniques allowing an effective risk management according to ISO/IEC 27005
  • To interpret the requirements of ISO/IEC 27001 on information security risk management
  • To understand the relationship between the information security risk management, the security controls and the compliance with the requirements of different stakeholders of an organization
  • To acquire the competence to implement, maintain and manage an ongoing information security risk management program according to ISO/IEC 27005
  • To acquire the competence to effectively advise organizations on the best practices in information security risk management

Course Agenda

Day 1: Introduction, risk management program according to ISO/IEC 27005

  • Concepts and definitions related to risk management
  • Risk management standards, frameworks and methodologies
  • Implementation of an information security risk management program
  • Understanding an organization and its context

Day 2: Risk identification and assessment, risk evaluation, treatment, acceptance, communication and surveillance according to ISO/IEC 27005

  • Risk identification
  • Risk analysis and risk evaluation
  • Risk assessment with a quantitative method
  • Risk treatment
  • Risk acceptance and residual risk management
  • Information Security Risk Communication and Consultation
  • Risk monitoring and review

Day 3: Overview of other information security risk assessment methods and Certification Exam

  • Presentation of OCTAVE method
  • Presentation of MEHARI method
  • Presentation of EBIOS method
  • Presentation of Harmonized TRA method
  • Certification Exam

Prerequisites

Knowledge on Risk Management and Information Security is preferred. 

Educational approach

  • This training is based on both, theory and practice:
    • Sessions of lectures illustrated with examples based on real cases
    • Practical exercises
    • Review exercises to assist the exam preparation
    • Practice test similar to the certification exam
  • To benefit from the practical exercises, the number of training participants is limited

Examination and Certification

  • The “PECB Certified ISO/IEC 27005 Risk Manager” exam fully meets the requirements of the PECB Examination and Certification Program (ECP). The exam covers the following competence domains:
    • Domain 1: Principles for good Risk Management in Information Security
    • Domain 2: Evaluate-Direct-Monitor risk management in information security
    • Domain 3: Guidance for risk management in information security
    • Domain 4: Evaluate the need and applicability of each principle
    • Domain 5: Direct the adherence to each principle
    • Domain 6: Monitor all key activities related to all the principles
  • The “PECB Certified ISO/IEC 27005 Risk Manager” exam is available in different languages ( the complete list of languages can be found in the examination application form)
  • Duration: 2 hours
  • For more information about the exam, refer to the PECB section on ISO/IEC 27005 Risk Manager Exam
  • After successfully completing the “ISO/IEC 27005 Risk Manager” exam, participants can apply for the credentials of ISO/IEC 27005 Provisional Risk Manager

General information

  • Exam and certification fees are included in the training price
  • A student manual containing over 350 pages of information and practical examples will be distributed to the participants
  • A participation certificate of 21 CPD (Continuing Professional Development) credits will be issued to the participants
  • In case of failure of an exam, participants are allowed to retake the exam for free under certain conditions