Which standard outlines terms, definitions, principles, and processes for risk management?

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!

ISO 31000:2009 is the standard that specifically outlines terms, definitions, principles, and processes for risk management. This framework provides guidelines for organizations to manage risk effectively, ensuring that they are equipped to identify, analyze, and respond to risk in a comprehensive manner. The standard emphasizes the integration of risk management into organizational processes and decision-making, promoting a structured approach that can be adapted to various needs across different types of organizations.

In contrast, the other standards listed focus on different areas. ISO 28000:2007 pertains to security management systems for the supply chain, addressing security risks in that specific context. ISO 27001:2013 is concerned with information security management systems (ISMS), providing requirements for establishing, implementing, maintaining, and continually improving information security. ISO/IEC 27037:2012 offers guidelines for the identification, collection, acquisition, and preservation of digital evidence, primarily in relation to forensic processes. Therefore, ISO 31000:2009 is the definitive standard for comprehensive risk management principles and processes.

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