Definition(s)
Level of risk
Magnitude of a risk expressed in terms of the combination of consequences and their likelihood.
[SOURCE: ISO Guide 73:2009, modified — “or combination of risks,” has been deleted.]
Source: ISO/IEC 27000:2014, Information technology — Security techniques — Information security management systems — Overview and vocabulary, Third Edition, January 2014. Global Standards
Level of risk
Magnitude of a risk (1.1) or combination of risks, expressed in terms of the combination of consequences (3.6.1.3) and their likelihood (3.6.1.1).
Source: ISO Guide 73:2009(E/F), Risk Management – Vocabulary, First Edition, 2009. Global Standards