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System Risk Assessment Template
I need a System Risk Assessment Template for our new cloud-based financial management platform that complies with Singapore's MAS guidelines, with particular focus on third-party vendor risks and data protection requirements for implementation in January 2025.
1. System Information: Basic details of the system being assessed, including architecture and components
2. Risk Assessment Methodology: Description of the approach and criteria used for risk assessment
3. Threat Identification: Analysis of potential threats to the system
4. Vulnerability Assessment: Evaluation of system vulnerabilities and weaknesses
5. Impact Analysis: Assessment of potential business impact of identified risks
6. Risk Treatment Plan: Proposed measures to address identified risks
1. Compliance Analysis: Assessment against specific regulatory requirements - use when system is subject to specific regulatory frameworks
2. Third-Party Risk Assessment: Evaluation of risks from external vendors/partners - use when system involves third-party components or services
3. Data Protection Impact Assessment: Specific assessment of data protection risks - use when system processes personal data
1. Risk Assessment Matrix: Detailed matrix showing risk calculations and ratings
2. System Architecture Diagrams: Technical diagrams showing system components and interactions
3. Control Framework Mapping: Mapping of controls to specific risks and compliance requirements
4. Test Results: Results of security testing and vulnerability assessments
5. Action Items Register: Detailed list of required remediation actions and their status
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