⚠️ Risks

"Identify, evaluate, and actively manage risks."
From cybersecurity threats to operational risks, everything is tracked and monitored in one place.

The Risks Module combines visual tools, detailed inventories, and structured treatment plans to ensure risks are not only recorded but continuously monitored and treated effectively.

1️⃣ Risk Matrix

The Risk Matrix is a visual heatmap plotting risks by likelihood and impact.

• Quickly spot which risks need urgent attention.
• Track how risk levels evolve over time.
• Prioritize mitigation based on criticality.

2️⃣ Risk Inventory

The Risk Inventory provides a centralized list of all risks, including:

• Description
• Category
• Owner
• Status

3️⃣ Treatment Plans

Structured action plans ensure each risk is addressed systematically:

• Define mitigation strategies.
• Assign responsible owners.
• Set target deadlines.
• Track progress until closure.

4️⃣ Risk Assessments

Periodic reviews and evaluations update each risk’s:

• Exposure (likelihood × impact).
• Matrix placement.
• Status in the inventory.

📌 This ensures risks remain aligned with changing conditions or new threats.

✅ Benefits

• 🛡 Proactive management – Stay ahead of risks before they escalate.
• 🎯 Clear prioritization – Focus resources on high-impact areas.
• 📂 Audit readiness – Keep a full log of evaluations and treatments.
• 🤝 Collaboration – Assign, share, and monitor mitigation actions across teams.

📌 Use Cases

• Building and maintaining an ISO 27001 risk register.
• Tracking risks from third-party suppliers.
• Managing operational or strategic business risks.
• Evaluating cybersecurity threats and response effectiveness.

5️⃣ Best Practices

• 📊 Update the Risk Matrix regularly to reflect evolving threats.
• 📝 Document treatment plans clearly with responsibilities and deadlines.
• 🔍 Reassess risks quarterly or after major organizational changes.
• 📡 Link risks to assets, controls, or incidents for better traceability.
• 🗂 Keep evidence documents attached for audit and compliance.

🎯 Visual Checklist

• [x] Risk matrix configured with likelihood & impact
• [x] Risk inventory centralized and up to date
• [ ] Treatment plans assigned with deadlines
• [ ] Regular risk assessments scheduled
• [ ] Risks linked to relevant controls and assets

Updated on: 03/09/2025