What is the name of the international standard focusing on risk management processes and practices?

Prepare for the Western Governors University ITCL3202 D320 Managing Cloud Security Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The correct answer is focused on ISO 31000:2009, which is the international standard that specifically provides guidelines on risk management principles and processes. This standard is applicable across various sectors, helping organizations establish a comprehensive framework for managing risk in their decision-making processes. It emphasizes the importance of integrating risk management into the organization's overall governance and strategic planning.

ISO 31000 outlines key components such as the importance of a risk management framework, risk assessment procedures, and the need for continuous improvement. By using this standard, organizations can develop a systematic approach to identifying, assessing, and mitigating risks, thus enhancing resilience and decision-making.

The other options, while related to management and security standards, pertain to different areas. ISO 30001:2015 deals with business continuity management, ISO 27001:2013 focuses on information security management systems, and ISO 20000:2018 pertains to service management systems. Each of these standards has a specific focus but does not cover the holistic risk management principles and practices defined in ISO 31000.

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