Security Risk Management Policy

Description

Security Risk Management Policy is a comprehensive framework designed to address these critical concerns. This policy encompasses risk identification, assessment, mitigation, and acceptance, providing clear roles and responsibilities for senior management, the security team, and all employees. Regular training and awareness programs are conducted to ensure that everyone understands their role in security risk management. This policy’s primary objective is to guide the organization in identifying, assessing, and mitigating security risks effectively. It covers a broad spectrum of risks, including physical, information, operational, and compliance-related concerns. Through a well-structured process of risk identification, assessment, and mitigation, the policy ensures that vulnerabilities are identified, risks are evaluated, and appropriate controls are implemented. In cases where mitigation is not feasible, the policy provides a mechanism for risk acceptance, with senior management oversight to make informed decisions. The policy defines clear responsibilities for senior management, the security team, and all employees. Senior management plays a pivotal role in approving the policy, allocating resources, and making critical decisions on risk acceptance. The security team is tasked with conducting regular risk assessments, developing and maintaining security controls, and reporting security risks to senior management.