Risk Assessment (RSK-003) - Universal Control Library

Criticality Critical Active

Control ID

RSK-003

Domain Code

RSK

Control Nature

Detective

Business Owner

Risk Owner

Control Overview

RSK-003 · Full Control Profile

Business Description

Conduct periodic risk assessments to identify and evaluate risks to critical information assets and business processes.

Business Objective

To proactively identify and prioritize the most significant threats to the organization.

Business Benefits

Business Risks if Missing

Stakeholders, Industries & Technologies

RSK-003 · Operating Context

Primary Stakeholders

Applicable Industries

Applicable Technologies

Mapped Regulatory & Industry Frameworks

Harmonized Framework Mappings

The following compliance and regulatory frameworks map directly to this control's governance scope.

FRAMEWORK CODE	FRAMEWORK NAME & DESCRIPTION	FAMILY / CATEGORY	VERSION	ACTION
COBIT2019	COBIT COBIT is an enterprise governance and management f...	COBIT Governance Framework	v2019	View →
DORA	Digital Operational Resilience Act The EU Digital Operational Resilience Act establis...	EU Regulation	vCurrent	View →
GDPR	General Data Protection Regulation (GDPR) The General Data Protection Regulation is a bindin...	EU Regulation	vCurrent	View →
IRDAI	IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements...	India Guideline	vLatest	View →
ISO22301	ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co...	ISO Standard	v2019	View →
NIS2	NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri...	EU Directive	vCurrent	View →
NIST-CSF	NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev...	NIST Framework	v2	View →
NIST80053	NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i...	NIST Control Catalog	vRev. 5	View →
NPCI-ISR	NPCI Information Security Requirements NPCI information-security requirements define cont...	India Standard	vLatest	View →
PCI-DSS	PCI DSS PCI DSS is an industry security standard maintaine...	PCI Standard	v4	View →
RBI-CSF	RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set...	India Regulation	vLatest	View →
SEBI-CSCRF	SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor...	India Regulation	vLatest	View →
SOC2	SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting...	AICPA Audit Framework	vLatest	View →
HIPAA	Health Insurance Portability and Accountability Act HIPAA is a U.S. federal law supported by implement...	US Law	vCurrent	View →
ISO27001	ISO/IEC 27001 ISO/IEC 27001 specifies auditable requirements for...	ISO Standard	v2022	View →

Parent Domain Context

Governance Domain Baseline

Domain Name:

Risk Management (RSK)

Purpose:

To identify, assess, and treat cybersecurity, privacy, and resilience risks.

Scope:

Enterprise

View

Compliance Requirements & Audit Crosswalk

10 Specific Audit Clauses

The following requirements dictate specific audit evidence criteria and testing steps mapped directly under this control.

REQUIREMENT ID	REQUIREMENT TITLE & DETAILS	MAPPED CONTROL	TYPICAL OWNER	ACTION
RSK-003-R001	Assessment Planning The organization shall conduct formal pl...	RSK-003 Risk Assessment	Chief Risk Officer, Risk Management, CISO	View ↗
RSK-003-R002	Risk Identification The organization shall conduct systemati...	RSK-003 Risk Assessment	Risk Management, Risk Owners, CISO	View ↗
RSK-003-R003	Risk Analysis The organization shall conduct risk anal...	RSK-003 Risk Assessment	Risk Management, Risk Analysts, Risk Owners	View ↗
RSK-003-R004	Risk Evaluation The organization shall conduct risk eval...	RSK-003 Risk Assessment	Risk Management, Risk Owner, CISO	View ↗
RSK-003-R005	Risk Scoring The organization shall apply consistent...	RSK-003 Risk Assessment	Risk Management, Risk Analysts, CISO	View ↗
RSK-003-R006	Impact Assessment The organization shall conduct impact as...	RSK-003 Risk Assessment	Risk Management, Business Unit Leaders, Risk Owners	View ↗
RSK-003-R007	Likelihood Assessment The organization shall conduct likelihoo...	RSK-003 Risk Assessment	Risk Management, Risk Analysts, Security Operations	View ↗
RSK-003-R008	Residual Risk Assessment The organization shall conduct residual...	RSK-003 Risk Assessment	Risk Owners, Risk Management, CISO	View ↗
RSK-003-R009	Assessment Review The organization shall conduct periodic...	RSK-003 Risk Assessment	Chief Risk Officer, Risk Management, Internal Audit	View ↗
RSK-003-R010	Assessment Documentation The organization shall maintain comprehe...	RSK-003 Risk Assessment	Risk Management, Risk Owners, Compliance	View ↗