What aspect of information security does ISO/IEC 27005 address?

ISO/IEC 27005 specifically addresses information security risk management by providing guidelines and principles for establishing, implementing, maintaining, and continually improving risk management in information security. This standard is part of the broader ISO/IEC 27000 family, which focuses on various aspects of information security management systems (ISMS).

The significance of ISO/IEC 27005 lies in its structured approach to identifying and assessing information security risks. It assists organizations in understanding potential threats, vulnerabilities, and consequences that may impact their information assets. By employing these guidelines, organizations can implement appropriate risk treatments to mitigate identified risks effectively, ensuring that their information security posture is robust and resilient.

In contrast to the other aspects mentioned, such as information security training, compliance audits, and incident response planning, ISO/IEC 27005 focuses specifically on risk management processes rather than the actual training of personnel, ensuring compliance with laws and regulations, or addressing specific incidents after they occur. This clear distinction emphasizes the standard’s role in helping organizations manage risks systematically and strategically.