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Positive and negative risks

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Guest user Created:   Mar 02, 2018 Last commented:   Mar 02, 2018

Positive and negative risks

I am currently working on the development of risk management framework (based on ISO 27005) for my company. I am little confused as why ISO 27005 only talks about the negative risks and why not about positive risks (opportunities)?
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ISO 27001 DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

ISO 27001 DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

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Rhand Leal Mar 02, 2018

Answer: ISO 27005 approach toward negative risks was a decision from the standard's responsible committee for the release of the current version (2011), based on the world's context at the time. For a risk management approach considering positive and negative risks, I suggest you to take a look at ISO 31000, ISO standard for risk management in general.

This article will provide you further explanation about ISO 31000:
- ISO 31000 and ISO 27001 – How are they related? https://advisera.com/27001academy/blog/2014/03/31/iso-31000-and-iso-27001-how-are-they-related/

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