Risk

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Definitions

European Definitions

EU

The possibility of loss, damage or injury having regard to the value placed on the asset by its owner/operator and the impact 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]


ENISA

Risk is the potential that a given threat will exploit vulnerabilities of an asset or group of assets and thereby cause harm to the organization (derived from ISO/IEC PDTR 13335-1). [3]



International Definitions

NATO CEP / EAPC

The possibility of loss, damage or injury. [4]

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. [5]


National Definitions

Australia

The chance of something happening that will have an impact on objectives. It is measured in terms if likelihood and consequence. [6]

[7] provides three other Australian definitions of risk.

Brazil

Risco: efeito da incerteza nos objetivos. [8]
Risk is the uncertainty effect on goals.


Canada

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

Combinaison de la possibilité qu’un aléa donné se produise et des conséquences potentielles pouvant y être associées. [9] [10]

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

Czech Republic

Riziko: (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. [11]

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. [12]


Finland

Riski: kielteisen seikan tai tapahtuman todennäköisyyden ja vaikutusten yhdistelmä.

Risk is the combination of probability and consequences of a negative circumstance or event. -unofficial translation- [13]


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. [14]


India

Risk is the potential of damage to a system or associated assets that exists as a result of the combination of security threat and vulnerability. [15]


Ireland

Risk is the combination of the likelihood of a hazardous event and its potential impact. [16]


Netherlands

Risk is the annual loss expectancy (ALE) by the manifestation of threats.

Risico is de jaarlijks te verwachten schade door het manifesteren van bedreigingen. [17]


Republic of Trinidad & Tobago

The combination of the probability of an event and its negative consequences. [18]


United Kingdom (UK)

Risk is a measure of the significance of a potential emergency in terms of its assessed likelihood and impact. [19]


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. [20]
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. [21]



Standard Definitions

[ISO|ISO/IEC 27000:2014 ]]

Effect of uncertainty on objectives. [22] (based on the ISO Guide 73:2009[23])

  • 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. [24]


Other Definitions

Ontario (Canada)

Risk is the product of the probability of the occurrence of a hazard and its consequences. [25]


Risque: produit de la probabilité qu’un danger se produise et de ses conséquences. [25]


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. ENISA Risk Glossary
  4. NATO EAPC(SCEPC) lexicon 2003.
  5. 2009 UNISDR Terminology on Disaster Risk Reduction, United Nations International Strategy for Disaster Reduction (UNISDR), Geneva, Switzerland, May 2009.
  6. Glossary of the Government of Queensland
  7. Australian Emergency Management Glossary, Emergency Management Australia (1998)
  8. GUIA DE REFERÊNCIA PARA A SEGURANÇA DAS INFRAESTRUTURAS CRÍTICAS DA INFORMAÇÃO Versão 01 (Nov. 2010)
  9. [http://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/mrgnc-mngmnt-frmwrk/index-eng.aspx An Emergency Management Framework for Canada (Second Edition)
  10. Vocabulaire de la gestion des urgencies/Emergency Management Emergency Management Vocabulary 281 (2012)
  11. http://www.govcert.cz/download/nodeid-561 Výkladový slovník kybernetické bezpečnosti (2013)
  12. Act No. 181 of 23 July 2014 On Cyber Security and Change of Related Acts (Act on Cyber Security)
  13. Vocabulary of Comprehensive Security. Helsinki (TSK 47) (2014)
  14. http://www.kritis.bund.de/SharedDocs/Downloads/Kritis/EN/Baseline%20Protection%20Concept.pdf Protection of Critical Infrastructures – Baseline Protection Concept: Recommendation for Companies, BMI.
  15. India's DGQA Cyber Security Policy (2015)
  16. A FRAMEWORK FOR MAJOR EMERGENCY MANAGEMENT (APPENDICES)
  17. Zakboekje Preventie Cybercrime (2008
  18. Comprehensive Disaster Management Policy Framework for Trinidad and Tobago
  19. Glossary - Revision to Emergency Preparedness, Cabinet Office (2012)
  20. DHS Risk Lexicon 2010 Edition, September 2010
  21. NISTIR 7298 rev 2: Glossary of Key Information Security Terms, May 2013/FIPS 200
  22. ISO/IEC 27000:2014, Information technology -- Security techniques -- Information security management systems -- Overview and vocabulary
  23. ISO Guide 73:2009 Risk management -- Vocabulary
  24. ISO/IEC 31000:2009, Risk management -- Principles and guidelines
  25. 25.0 25.1 Province of Ontario’s Emergency Management Glossary of Terms