Which standard outlines domains which establish frameworks for risk assessment?

The correct choice is the ISO/IEC 27001:2013 standard. This standard provides a comprehensive framework for managing information security risks, including guidelines on establishing, implementing, maintaining, and continually improving an Information Security Management System (ISMS). It emphasizes a risk-based approach to information security, which involves identifying risks, assessing their potential impacts, and implementing appropriate controls to mitigate these risks.

The 2013 version specifically outlines a series of domains that are essential for conducting thorough and effective risk assessments within organizations. These domains facilitate a structured methodology for identifying and managing security risks, making it applicable for various organizations looking to bolster their information security posture.

In contrast, the earlier versions of ISO/IEC 27001, like the 2005 and 2011 editions, lacked certain updated frameworks and methodologies included in the 2013 version that are crucial for contemporary risk assessment practices. While they do cover information security management aspects, they do not provide the same level of guidance or detail that the 2013 revision does, making the latter the most relevant choice for organizations seeking to standardize their risk assessment practices.