Difference between revisions of "Risk"

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{{definition|The level of impact on organizational operations (including mission,functions, image, or reputation), organizational [[Assets|assets]], or individuals resulting from the operation of an information system given the potential impact of a [[threat]] and the likelihood of that threat occurring. <ref name="NISTIR7298"> [http://nvlpubs.nist.gov/nistpubs/ir/2013/NIST.IR.7298r2.pdf NISTIR 7298 rev 2: Glossary of Key Information Security Terms, May 2013/FIPS 200]</ref>}}<br />
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{{definition|The level of impact on organizational operations (including mission,functions, image, or reputation), organizational [[Asset|assets]], or individuals resulting from the operation of an information system given the potential impact of a [[threat]] and the likelihood of that threat occurring. <ref name="NISTIR7298"> [http://nvlpubs.nist.gov/nistpubs/ir/2013/NIST.IR.7298r2.pdf NISTIR 7298 rev 2: Glossary of Key Information Security Terms, May 2013/FIPS 200]</ref>}}<br />
  
 
===Other Definitions===
 
===Other Definitions===

Revision as of 23:42, 26 May 2015

Definitions

European Definitions

The possibility of loss, damage or injury having regard to the value placed on the asset by its owner/operator and the Impsct of loss or change to the asset, and the likelihood that a specific vulnerability will be exploited by a particular threat. [1]



The probability of adverse effects caused by a hazardous phenomenon or substance in an organism, a population, or an ecological system. [2]


International Definitions

NATO CEP / EAPC

The possibility of loss, damage or injury. [3]

The level of risk is a condition of two factors: (1) the value placed on the asset by its owner/operator and the impact of loss or change to the asset, and (2) the likelihood that a specific vulnerability will be exploited by a particular threat.

UNISDR

The combination of the probability of an event and its negative consequences. [4]


National Definitions

Australia

The chance of something happening that will have an impact on objectives. It is measured in terms if likelihood and consequence. [5]

[6] provides three other Australian definitions of risk.

Canada

Risk is the combination of the likelihood and the consequence of a specified hazard being realized. [7]

Risk refers to the vulnerability, proximity or exposure to hazards, which affects the likelihood of adverse impact.

Czech Republic

Risk is either defined as: (1) Danger, possibility of damage, loss, failure. (2) Effect of uncertainty to achieve objectives. (3) Possibility that a certain threat would utilize vulnerability of an asset or group of assets and cause damage to an organization. [8]

(1) Nebezpečí, možnost škody, ztráty, nezdaru. (2) Účinek nejistoty na dosažení cílů. (3) Možnost, že určitá hrozba využije zranitelnosti aktiva nebo skupiny aktiv a způsobí organizaci škodu.

Germany

Likelihood of a serious danger which (a) constitutes a threat to human life, (b) will impair the health of a large number of people, or (c) affects economic activity, public services and technical infrastructures and may cause damage to the environment, in particular animals and plants, the soil, the water, the atmosphere and cultural and material assets. [9]


United Kingdom (UK)

Risk is a measure of the significance of a potential emergency in terms of its assessed likelihood and impact. [10]


United States

DHS
The potential for an unwanted outcome resulting from an incident, event, or occurrence, as determined by its likelihood and the associated consequences. [11]
NIST
The level of impact on organizational operations (including mission,functions, image, or reputation), organizational assets, or individuals resulting from the operation of an information system given the potential impact of a threat and the likelihood of that threat occurring. [12]


Other Definitions

Ontario (Canada)

Risk is the product of the probability of the occurrence of a hazard and its consequences. [13]


Risque: produit de la probabilité qu’un danger se produise et de ses conséquences. [14]


Standard Definitions

ISO/IEC 27000:2014

Effect of uncertainty on objectives. [15](based on the ISO Guide 73:2009[16])

  • An effect is a deviation from the expected — positive or negative.
  • Uncertainty is the state, even partial, of deficiency of information related to, understanding or * knowledge of, an event (2.25), its consequence, or likelihood.
  • Risk is often characterized by reference to potential events and consequences, or a combination of these.
  • Risk is often expressed in terms of a combination of the consequences of an event (including changes in circumstances) and the associated likelihood of occurrence.
  • In the context of information security management systems, information security risks can be expressed as effect of uncertainty on information security objectives.
  • Information security risk is associated with the potential that threats will exploit vulnerabilities of an information asset or group of information assets and thereby cause harm to an organization.


ISO/IEC 31000:2009

Effect of uncertainty on objectives. [17]


See also

Notes

  1. ↑ EC COM(2006) 787 final, Directive of the Council on the identification and designation of European Critical Infrastructure and the assessment of the need to improve their protection, EC, Brussels 12.12.2006.
  2. ↑ European Commission's CBRN Glossary, 2012
  3. ↑ NATO EAPC(SCEPC) lexicon 2003.
  4. ↑ 2009 UNISDR Terminology on Disaster Risk Reduction, United Nations International Strategy for Disaster Reduction (UNISDR), Geneva, Switzerland, May 2009.
  5. ↑ Glossary of the Government of Queensland
  6. ↑ Australian Emergency Management Glossary, Emergency Management Australia (1998)
  7. ↑ [http://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/mrgnc-mngmnt-frmwrk/index-eng.aspx An Emergency Management Framework for Canada (Second Edition)
  8. ↑ Act No. 181 of 23 July 2014 On Cyber Security and Change of Related Acts (Act on Cyber Security)
  9. ↑ http://www.kritis.bund.de/SharedDocs/Downloads/Kritis/EN/Baseline%20Protection%20Concept.pdf Protection of Critical Infrastructures – Baseline Protection Concept: Recommendation for Companies, BMI.
  10. ↑ Glossary - Revision to Emergency Preparedness, Cabinet Office (2012)
  11. ↑ DHS Risk Lexicon 2010 Edition, September 2010
  12. ↑ NISTIR 7298 rev 2: Glossary of Key Information Security Terms, May 2013/FIPS 200
  13. ↑ Province of Ontario’s Emergency Management Glossary of Terms
  14. ↑ Province of Ontario’s Emergency Management Glossary of Terms
  15. ↑ ISO/IEC 27000:2014, Information technology -- Security techniques -- Information security management systems -- Overview and vocabulary
  16. ↑ ISO Guide 73:2009 Risk management -- Vocabulary
  17. ↑ ISO/IEC 31000:2009, Risk management -- Principles and guidelines
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