Active

Appetite Statement

The organization shall develop a formal risk appetite statement that articulates the types and levels of risk the organization is willing to accept in pursuit of its strategic objectives. The statement shall address information security and privacy risks, be aligned with organizational mission, strategy, and stakeholder expectations, and be clear, measurable, and understandable.

Requirement ID
RSK-006-R002
Parent Control
Domain Code

Requirement Details & Guidance

RSK-006-R002 · RSK-006
Why This Requirement Exists

To formally articulate which levels and types of information security and privacy risk the organization is willing to accept in pursuit of its objectives.

Implementation Guidance

Develop a clear statement covering relevant risk categories, qualitative positions, quantitative limits where appropriate, and alignment with strategic objectives; obtain approval and review periodically.

Practical Application & Audit Readiness

RSK-006-R002 · Field Guidance

Business Examples

    Common Audit Findings

      Common Mistakes

        Best Practices & Ownership

        RSK-006 · Recommended Approach

        Recommended Practices

          Typical Owner

          Cross-Mapped Regulatory Frameworks

          Harmonized Control Mappings
          FRAMEWORK CODE FRAMEWORK NAME & DETAILS FAMILY / CATEGORY VERSION ACTION
          IRDAI IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements... Clause: §1.8-V – Risk Treatment; §1.6-2 – Chief Risk Officer (CRO); §1.6-15 – Control Management Committee
          India
          Guideline
          vLatest View →
          RBI-CSF RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set... Clause: Circular §5 – Identification/assessment of inherent cyber risks and controls
          India
          Regulation
          vLatest View →
          SEBI-CSCRF SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor... Clause: 1.5 GV.RM: Risk Management
          India
          Regulation
          vLatest View →
          DORA Digital Operational Resilience Act The EU Digital Operational Resilience Act establis... Clause: Article 6(8)(b) – ICT risk tolerance and impact tolerance for ICT disruptions Article 8(2) – Continuous identification of ICT risk sources, cyber threats and ICT vulnerabilities
          EU
          Regulation
          vCurrent View →
          NIS2 NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri... Clause: Article 21(1) – Cybersecurity risk-management measures – general obligation Article 21(2)(a) – Policies on risk analysis and information system security
          EU
          Directive
          vCurrent View →
          PCI-DSS PCI DSS PCI DSS is an industry security standard maintaine... Clause: 12.3.1 – For each PCI DSS requirement that specifies; 12.3.2 – A targeted risk analysis is performed for each
          PCI
          Standard
          v4 View →
          COBIT2019 COBIT COBIT is an enterprise governance and management f... Clause: 4.1 – Evaluate, Direct and Monitor (EDM) > EDM03 – Ensured Risk Optimization > EDM03.01 – Evaluate risk management. 4.2 – Align, Plan and Organize (APO) > APO13 – Managed Security > APO13.02 – Define and manage an information security and privacy risk treatment plan.
          COBIT
          Governance Framework
          v2019 View →
          ISO22301 ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co... Clause: 6.1.1 – Determining risks and opportunities; 6.1.2 – Addressing risks and opportunities; 8.2.3 – Risk assessment
          ISO
          Standard
          v2019 View →
          NIST-CSF NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: GV.RM – Risk Management Strategy | GV.RM-02 – Risk appetite and risk tolerance statements are established, communicated, and maintained
          NIST
          Framework
          v2 View →
          NIST80053 NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i... Clause: 3.13 – PROGRAM MANAGEMENT, 3.16 – RISK ASSESSMENT; PM-9 – RISK MANAGEMENT STRATEGY, RA-7 – RISK RESPONSE
          NIST
          Control Catalog
          vRev. 5 View →
          NPCI-ISR NPCI Information Security Requirements NPCI information-security requirements define cont... Clause: Governance Controls; Policy, Roles and Risk Linkages – Cyber Risk Management programs
          India
          Standard
          vLatest View →
          SOC2 SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting... Clause: CC3.1 – Risk Assessment – COSO Principle 6: The entity specifies objectives with sufficient clarity to enable the identification and assessment of risks relating to objectives. CC3.2 – Risk Assessment – COSO Principle 7: The entity identifies risks to the achievement of its objectives across the entity and analyzes risks as a basis for determining how the risks should be managed.
          AICPA
          Audit Framework
          vLatest 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

          Parent Control Context

          Control Baseline
          Control Name:
          Risk Appetite Definition (RSK-006)
          Summary:
          Establishes and communicates organizational risk appetite statements defining acceptable risk levels for cybersecurity and data privacy, approved by leadership and used to guide risk decisions.
          Business Description:
          Define and communicate the organization's risk appetite for cybersecurity and data privacy.