All Threats? All Vulnerabilities? All Assets?

One list I subscribe I saw this outrageous statement:

ISO 27001 requires that you take account of all the relevant threats
(and vulnerabilities) to every asset - that means that you have to
consider whether every threat from your list is related to each of
your assets.

"All"? "Every"?
I certainly hope not!
Unless you have a rule as to where to stop those lists - vectors that you are going to multiply - are going to become indefinitely large if not infinite. Its a problem in set theory to do with enumberability.

See
http://infosecblog.antonaylward.com/2010/05/19/the-classical-risk-equation/
for a more complete discussion of this aspect of 'risk'.

See
http://www.bloginfosec.com/2010/08/23/why-the-risk-threats-x-vulnerabilities-x-impact-formula-is-mathematical-nonsense/
in which Jeff Lowder has a discussion of the "utility value" approach to controls

Because its the controls and their effectiveness that really count.

The issue of infinite, finite or even reasonable and usable enumerability means there _HAS_ to be a rule as to when to stop.
Its frightening in one way, you never know that the next item, the one you've stopped before, might actually be critical in some particular combination. But there _HAS_ to be a halting condition or you die from analysis paralysis.

If we call this rule "common sense" or "reasonableness" or some such then what we are really doing is admitting that Donn Parker was right with his "diligence" approach (See ISSA Journal articles via Google) and that is more effective as a means of determining controls than any of the formal Risk Analysis methods.

Because its the controls and their effectiveness that really count.

But ISO27K says you HAVE to do a RA, even if its impossible to do it properly and if it is the wrong method or if its not as effective as a non-RA approach to developing controls.

Because its the controls and their effectiveness that really count.

Or is it? Is having the certification because you've followed the process more important?

Related articles

• Amazon, ISO 27001 and Deception (flyingpenguin.com)
• Medgate Completes ISO 27001 Audit (prweb.com)
• Hacker Group is One of the First ISO 27001 Certified Ad Agencies and Appeals to Industry to Follow Suit in Protecting Client Data (eon.businesswire.com)
• ISO 27001 Annex A controls (iso27001standard.com)
• How to learn about ISO 27001 and BS 25999-2 (iso27001standard.com)
• Four key benefits of ISO 27001 implementation (iso27001standard.com)

Because its the controls and their effectiveness that really count.