ISO 27001 Risk Assessment Template – Free PDF

ISO 27001 risk assessment template

Our ISO 27001 risk assessment template gives you a focused framework for identifying, evaluating, and documenting information security risks in line with ISO 27001 requirements. You can map threats to assets, assign risk levels, and track mitigation actions so your organization can meet certification standards and audit expectations.

Addressing gaps in risk management is critical. According to ISO’s official website, the growing complexity of cyber threats is a key driver behind the global adoption of ISO 27001 standards. You can also browse through our cyber security, IT, or compliance risk assessment templates for broader needs.

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Preview of the template

Page 1

Asset Inventory

List all information assets (e.g. systems, data, applications)

Identify the asset owner

Classify the asset (e.g. confidential, internal, public)

Threat Identification

List all potential threats (e.g. cyber attacks, natural disasters, human errors)

Assess the likelihood of each threat occurring

Identify the potential impact of each threat

Vulnerability Assessment

Identify all vulnerabilities (e.g. unpatched systems, weak access controls, inadequate backups)

Assess the severity of each vulnerability

Propose mitigation strategies for each vulnerability

Risk Analysis

Evaluate the risk level for each threat-vulnerability pair

Determine the overall risk exposure of the organization

Prioritize risks based on their level of impact and likelihood

Risk Treatment Plan

Identify the appropriate risk treatment options (e.g. avoid, mitigate, transfer, accept)

Assign responsibilities for implementing risk treatment measures

Establish a timeline for implementing risk treatment measures

Monitoring and Review

Develop a process for regularly monitoring and reviewing risks

Identify key performance indicators (KPIs) to track the effectiveness of risk treatment measures

Establish a process for reporting and escalating significant risks

Frequently asked questions

What is an ISO 27001 risk assessment?

An ISO 27001 risk assessment is a formal process to identify, analyze, and address information security risks in line with ISO 27001 standards. It’s crucial because it helps organizations spot vulnerabilities, prioritize mitigation, and meet certification or audit requirements, which reduces the likelihood of costly security incidents.

How do you conduct an ISO 27001 risk assessment?

The main steps are: define your scope, identify information assets, recognize threats and vulnerabilities, evaluate risk levels, select controls, and document everything. Clear documentation supports both internal decision-making and external audits. Using a standardized template can make the process smoother.

What are the most challenging risks to address in ISO 27001 assessments?

People-related risks, like human error, phishing, and lack of security awareness, are often the toughest. Supply chain and third-party vendor risks can also be difficult because you don’t have direct control. Prioritize ongoing training and robust vendor evaluation to manage these challenges.

What evidence do auditors look for during an ISO 27001 risk assessment audit?

Auditors expect to see a documented risk assessment process, detailed risk registers, records of mitigation actions, and proof that risks are regularly reviewed. They may also ask about how you identified risks, chose controls, and involved relevant staff, so transparency and traceability are key.

This template, developed by Lumiform employees, serves as a starting point for businesses using the Lumiform platform and is intended as a hypothetical example only. It does not replace professional advice. Companies should consult qualified professionals to assess the suitability and legality of using this template in their specific workplace or jurisdiction. Lumiform is not liable for any errors or omissions in this template or for any actions taken based on its content.