Risk Assessment Methodology for Information Security

This document is a guide that defines the methodology for assessing and treating information risks within Coralogix. It outlines the acceptable level of risk in accordance with security laws, regulations, and standards, including ISO 27001, 27701, HIPAA, and PCI-DSS. The risk assessment process encompasses the entire scope of assets that could impact information security. Users of this guide include all employees involved in risk assessment. The methodology includes steps such as system characterization, asset identification, threat identification, and vulnerability identification. It details the roles of various stakeholders, including the CISO and asset owners, in the risk assessment process. Additionally, the document describes risk mitigation strategies, prioritization of actions, and the assignment of responsibilities for implementing security controls. Regular reviews of the risk assessment and work plan are emphasized to ensure ongoing compliance and effectiveness in managing information security risks.