Certified in Risk and Information Systems Control (CRISC) Practice Test

The first step in the Information Security Risk Management Process is context establishment. This stage involves defining the organizational environment in which risks will be assessed. It is crucial to identify the internal and external factors that affect risk, including objectives, stakeholders, regulatory requirements, and the scope of the risk assessment.

By establishing context, organizations create a framework that guides the subsequent steps in the risk management process. This ensures that the risk analysis and evaluation align with the organization's goals and strategies, providing a clearer understanding of potential threats and vulnerabilities in relation to specific assets or business processes. Context establishment lays the groundwork for informed decision-making throughout the entire risk management lifecycle, emphasizing the importance of understanding the organization's priorities and risk appetite before moving on to assessing and treating risks.