All Countries
Information Security Risk Assessment Policy

Information Security Risk Assessment Policy Template for Australia

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Information Security Risk Assessment Policy

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Information Security Risk Assessment Policy

"I need an Information Security Risk Assessment Policy for our mid-sized financial services company that operates across multiple Australian states, with specific emphasis on cloud security assessment and third-party risk management to ensure compliance with APRA requirements by March 2025."

Celebrated by
Collaborations with
Investors
Document background
The Information Security Risk Assessment Policy is a critical governance document designed to help organizations systematically identify, assess, and manage information security risks in compliance with Australian legislation. It becomes necessary when organizations need to establish a structured approach to evaluating their information security posture, particularly in light of increasing cyber threats and regulatory requirements. The policy addresses requirements under the Privacy Act 1988 (Cth), the Security of Critical Infrastructure Act 2018, and various state-level privacy laws, while also incorporating international best practices. It is especially relevant for organizations handling sensitive data, operating in regulated industries, or seeking to maintain robust information security management systems.
Suggested Sections

1. Purpose and Scope: Defines the objective of the policy and its applicability within the organization

2. Definitions: Defines key terms used throughout the policy including technical terms and role definitions

3. Policy Statement: High-level statement of the organization's commitment to information security risk assessment

4. Roles and Responsibilities: Defines key stakeholders and their responsibilities in the risk assessment process

5. Risk Assessment Methodology: Details the standard approach for identifying, analyzing, and evaluating information security risks

6. Risk Assessment Frequency: Specifies the required frequency of risk assessments and triggers for ad-hoc assessments

7. Documentation Requirements: Outlines the required documentation for risk assessments and reporting requirements

8. Risk Treatment: Describes the process for addressing identified risks and developing treatment plans

9. Monitoring and Review: Defines the process for ongoing monitoring of risks and periodic review of assessments

10. Compliance and Reporting: Specifies compliance requirements and reporting procedures

Optional Sections

1. Industry-Specific Requirements: Additional requirements for organizations in regulated industries (e.g., healthcare, finance)

2. Cloud Security Assessment: Specific procedures for assessing cloud-based services and applications

3. Third-Party Risk Assessment: Procedures for assessing risks associated with vendors and third-party service providers

4. Data Classification: Framework for classifying data sensitivity and associated risk levels

5. Remote Work Security: Specific considerations for assessing risks related to remote work arrangements

6. Incident Response Integration: Integration points between risk assessment and incident response procedures

Suggested Schedules

1. Risk Assessment Template: Standard template for conducting and documenting risk assessments

2. Risk Matrix: Template for risk evaluation including likelihood and impact scales

3. Control Framework Mapping: Mapping of controls to various compliance requirements and standards

4. Risk Register Template: Template for maintaining an ongoing risk register

5. Risk Treatment Plan Template: Standard format for documenting risk treatment plans

6. Compliance Checklist: Checklist of regulatory and standard compliance requirements

7. Assessment Schedule: Annual schedule of planned risk assessments and reviews

8. Roles and Responsibilities Matrix: Detailed RACI matrix for risk assessment activities

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Access Control
Asset
Asset Owner
Audit Trail
Authentication
Authorization
Availability
Business Impact
Confidentiality
Control Measure
Critical Asset
Cyber Security Event
Data Classification
Data Owner
Data Processor
Data Subject
Information Asset
Information Security
Information Security Event
Information Security Incident
Information System
Integrity
Internal Control
Likelihood
Material Risk
Mitigation
Personal Information
Privacy Impact Assessment
Residual Risk
Risk
Risk Acceptance
Risk Analysis
Risk Assessment
Risk Assessment Report
Risk Criteria
Risk Level
Risk Management
Risk Matrix
Risk Owner
Risk Register
Risk Treatment
Risk Treatment Plan
Security Classification
Security Control
Security Incident
Sensitive Information
System Owner
Threat
Threat Actor
Threat Source
Vulnerability
Vulnerability Assessment
Clauses
Policy Authority
Scope and Objectives
Compliance Requirements
Roles and Responsibilities
Risk Assessment Methodology
Assessment Frequency
Documentation Requirements
Reporting Requirements
Confidentiality
Data Protection
Security Controls
Access Control
System Security
Network Security
Physical Security
Risk Treatment
Incident Response
Business Continuity
Monitoring and Review
Audit Requirements
Training and Awareness
Vendor Management
Change Management
Record Keeping
Policy Review
Enforcement
Exceptions Management
Relevant Industries

Financial Services

Healthcare

Government

Technology

Telecommunications

Education

Retail

Manufacturing

Professional Services

Energy and Utilities

Mining

Transport and Logistics

Defense

Non-profit Organizations

Legal Services

Relevant Teams

Information Security

IT Operations

Risk Management

Compliance

Internal Audit

Legal

Data Protection

Security Operations

Governance

Executive Leadership

Infrastructure

Development

Quality Assurance

Business Continuity

Relevant Roles

Chief Information Security Officer (CISO)

Chief Information Officer (CIO)

Risk Manager

Information Security Manager

IT Director

Compliance Officer

Security Analyst

Risk Assessment Specialist

Data Protection Officer

IT Security Coordinator

Privacy Officer

Security Operations Manager

Governance Manager

IT Auditor

Chief Risk Officer (CRO)

Information Security Architect

Industries
Privacy Act 1988 (Cth): The primary federal law governing privacy and personal information handling in Australia, including the Australian Privacy Principles (APPs) which set out standards for collecting, storing, using, and disclosing personal information
Security of Critical Infrastructure Act 2018: Legislation that establishes a framework for managing critical infrastructure security risks, including cybersecurity requirements for certain sectors
Notifiable Data Breaches (NDB) Scheme: Part of the Privacy Act that requires organizations to notify individuals and the OAIC when a data breach is likely to result in serious harm
ISO 27001: While not legislation, this international standard is recognized in Australia as a framework for information security management systems and risk assessments
Corporations Act 2001: Contains provisions regarding corporate governance and risk management obligations for Australian companies
Consumer Data Right (CDR): Legislation giving consumers greater control over their data, including how it is shared and managed, with specific security requirements
State Privacy Laws: Various state-level privacy laws that may apply depending on the organization's location and operations (e.g., NSW Privacy and Personal Information Protection Act 1998)
Telecommunications Act 1997: Contains provisions for securing telecommunications networks and facilities, including requirements for risk assessment and management
Australian Government Information Security Manual (ISM): While not legislation, these are the government's security standards that often influence private sector security policies and risk assessments
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Operational Resilience Policy

An Australian-compliant framework for establishing and maintaining organizational operational resilience, aligned with local regulatory requirements and industry best practices.

find out more

Contract Risk Management Policy

An Australian-compliant policy framework for managing contract-related risks across an organization, aligned with local legislation and governance requirements.

find out more

Risk Assessment And Management Policy

An Australian-compliant policy document establishing organizational risk assessment and management procedures, aligned with federal and state regulations.

find out more

Information Security Risk Assessment Policy

An Australian-compliant policy document establishing procedures and requirements for conducting information security risk assessments, aligned with local privacy laws and international standards.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.