Certified ISO 27005 Risk Manager with OCTAVE (5 Days)

Mastering risk evaluation and optimal risk management in information security based on ISO 27005 with the OCTAVE method

In this five-day intensive course, the participants develop the competence to master the basic risk management elements related to all assets of relevance for information security using the ISO/IEC 27005:2011 standard as a reference framework and OCTAVE method. The OCTAVE method (including OCTAVE-S and OCTAVE Allegro) was developed by the CERT. Based on practical exercises and case studies, participants acquire the necessary knowledge and skills needed to perform an optimal information security risk assessment and manage risks in time by being familiar with their life cycle. This training fits perfectly in the framework of an ISO/IEC 27001:2005 standard implementation process.

Who should attend?

  • Risk managers
    Persons responsible for information security or conformity within an organization
    Members of the information security team
    IT consultants
    Staff implementing or seeking to comply with ISO 27001 and involved in a risk management program based upon the OCTAVE method

Learning objectives

  • To understand the concepts, approaches, methods and techniques allowing an effective risk management according to ISO 27005
    To interpret the requirements of ISO 27001 on information security risk management
    To develop the necessary skills to conduct a risk assessment with the OCTAVE method (including OCTAVE-S and OCTAVE Allegro)
    To master the steps to conduct a risk assessment with the OCTAVE method
    To understand the relationship between the information security risk management, the security controls and the compliance with the requirements of different stakeholders of an organization
    To acquire the competence to implement, maintain and manage an ongoing information security risk management program according to ISO 27005
    To acquire the competence to effectively advise organizations on the best practices in information security risk management

Course Agenda

Day 1: Introduction, risk management program according to ISO 27005

  • Concepts and definitions related to risk management
    Risk management standards, frameworks and methodologies
    Implementation of an information security risk management program
    Understanding an organization and its context

Day 2: Risk identification and assessment, risk evaluation, treatment, acceptance, communication and surveillance according to ISO 27005

  • Risk identification
    Risk analysis and risk evaluation
    Risk assessment with a quantitative method
    Risk treatment
    Risk acceptance and residual risk management
    Information Security Risk Communication and Consultation
    Risk monitoring and review

Day 3: Exam and Start of a risk assessment with OCTAVE

  • Certified ISO 27005Risk Manager Exam (2 hours)
    Presentation of OCTAVE
    Phase 1 - Process 1 to 3 (Understanding the Organization)
    Phase 1 - Process 4 (Create threat profiles)
    Phase 2 - Process 5 (Identification of key components)

Day 4: Assessment of vulnerabilities and risk, according to OCTAVE

  • Phase 2 - Process 5 (Continued)
    Phase 2 - Process 6 (Evaluation of selected components)
    Phase 3 - Process 7 (Conducting the risk assessment)
    Phase 3 - Process 8 (Development of a Protection Strategy)

Day 5: The OCTAVE Method Implementation approach and conclusion

  • Phase 3 – Process 8 (Development of a Protection Strategy – cont.)
    The OCTAVE Method Implementation Guide
    OCTAVE – S
    OCTAVE Allegro
    Summary

Prerequisites

A basic knowledge of risk management is recommended

Educational approach

  • This training is based on both, theory and practice:
    -Sessions of lectures illustrated with examples based on real cases
    -Practical exercises based on case studies including role playing and oral presentations
    -Review exercises to assist the exam preparation
    -Practice test similar to the certification exam
    To benefit from the practical exercises, the number of training participants is limited

Exam

  • The “Certified ISO/IEC 27005Risk Manager” exam fully meets the requirements of the PECB Examination and Certification Program (ECP).
    The “Certified ISO/IEC 27005Risk Manager” exam covers the following competence domains:
    -Domain 1: Fundamental concepts, approaches, methods and techniques of information security risk management
    -Domain 2: Implementation of an information security risk management program
    -Domain 3: Information security risk assessment based on ISO 27005

    The “Certified ISO/IEC 27005Risk Manager” is available in different languages (the complete list of languages can be found in the examination application form)
    Duration: 2 hours
    For more information about the exam, refer to the PECB section on ISO/IEC 27005Risk Manager Exams

Certification

  • After successfully completing the “ISO/IEC 27005 Risk Manager” exam, participants can apply for the credentials of Certified ISO/IEC 27005 Provisional Risk Manager, Certified ISO/IEC 27005 Risk Manager or Certified ISO/IEC 27005 Lead Risk Manager, depending on their level of experience. A certificate will be issued to the participants who successfully pass the exam and comply with all the other requirements related to the selected credential
    For more information about the ISO 27005, ISO 31000 certifications and PECB certification process, refer to the PECB section on ISO/IEC 27005 Risk Manager Certification

General information

  • Exam and certification fees are included in the training price
    The training material on OCTAVE is only available in English
    A copy of the official documentation on OCTAVE published by CERT (including OCTAVE-S and OCTAVE Allegro) will be distributed to the participants together with a student manual containing over 400 pages of information and practical examples
    A participation certificate of 35 CPD (Continuing Professional Development) credits is awarded to the participants
    In case of failure of the exam, participants are allowed to retake the exam for free under certain conditions
    ISO/IEC 27005 is a guidance standard on risk management and it is not a certifiable standard for an organization

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