Active

Risk Reporting

The organization shall report on application risk assessment, providing visibility into risk status, treatment, and posture. Reporting shall include risk summaries, treatment reports, and risk posture assessments, presented in a format that facilitates understanding and decision-making.

Requirement ID
APP-012-R008
Parent Control
APP-012
Domain Code
APP

Requirement Details & Guidance

APP-012-R008 · APP-012
Why This Requirement Exists

Security risk must be understood before deployment so material vulnerabilities are not introduced into production without informed decisions.

Implementation Guidance

Perform risk assessments for applications and significant releases, define security acceptance criteria, document residual risk, and require appropriate approval for unresolved high-risk issues.

Practical Application & Audit Readiness

APP-012-R008 · Field Guidance

Business Examples

    Common Audit Findings

      Common Mistakes

        Best Practices & Ownership

        APP-012 · Recommended Approach

        Recommended Practices

          Typical Owner

          Cross-Mapped Regulatory Frameworks

          Harmonized Control Mappings
          FRAMEWORK CODE FRAMEWORK NAME & DETAILS FAMILY / CATEGORY VERSION ACTION
          ISO27001 ISO/IEC 27001 ISO/IEC 27001 specifies auditable requirements for... Clause: 7.4 – Communication
          ISO
          Standard
          		 v2022 View →
          IRDAI IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements... Clause: §1.8-VI – Continuous Monitoring and review
          India
          Guideline
          		 vLatest View →
          RBI-CSF RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set... Clause: 6) Application Security Life Cycle (ASLC) – 6.6 Threat modelling, secure coding, security testing and secure rollout; Circular §5 – Identification/assessment of inherent cyber risks and controls
          India
          Regulation
          		 vLatest View →
          SEBI-CSCRF SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor... Clause: 2.2 ID.RA: Risk Assessment
          India
          Regulation
          		 vLatest View →
          DORA Digital Operational Resilience Act The EU Digital Operational Resilience Act establis... Clause: Article 8(2) – Continuous identification of ICT risk sources, cyber threats and ICT vulnerabilities Article 25 – Testing of ICT tools and systems
          EU
          Regulation
          		 vCurrent View →
          NIS2 NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri... Clause: Article 21(2)(a) – Policies on risk analysis and information system security
          EU
          Directive
          		 vCurrent View →
          PCI-DSS PCI DSS PCI DSS is an industry security standard maintaine... Clause: 6.1.1 – All security policies and operational procedures that are identified in Requirement 6 are documented, kept up to date, in use, and known to all affected parties.; 6.2.1 – Bespoke and custom software are developed
          PCI
          Standard
          		 v4 View →
          COBIT2019 COBIT COBIT is an enterprise governance and management f... Clause: 4.2 – Align, Plan and Organize (APO) > APO13 – Managed Security > APO13.02 – Define and manage an information security and privacy risk treatment plan.
          COBIT
          Governance Framework
          		 v2019 View →
          NIST-CSF NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: GV.OV – Oversight | GV.OV-03 – Organizational cybersecurity risk management performance is evaluated and reviewed for adjustments needed
          NIST
          Framework
          		 v2 View →
          NIST80053 NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i... Clause: 3.16 – RISK ASSESSMENT; RA-9 – CRITICALITY ANALYSIS, RA-7 – RISK RESPONSE
          NIST
          Control Catalog
          		 vRev. 5 View →
          NPCI-ISR NPCI Information Security Requirements NPCI information-security requirements define cont... Clause: Security Measures / Controls; Application Security Life Cycle
          India
          Standard
          		 vLatest View →
          SOC2 SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting... Clause: CC3.2 – Risk Assessment – COSO Principle 7: The entity identifies risks to the achievement of its objectives across the entity and analyzes risks as a basis for determining how the risks should be managed. CC2.2 – Information and Communication – COSO Principle 14: The entity internally communicates information, including objectives and responsibilities for internal control, necessary to support the functioning of internal control.
          AICPA
          Audit Framework
          		 vLatest View →

          Parent Domain Context

          Governance Domain Baseline
          Domain Name:
          Application Security (APP)
          Purpose:
          To ensure the security of internally developed and acquired applications.
          Scope:
          Enterprise
          View

          Parent Control Context

          Control Baseline
          Control Name:
          Application Risk Assessment (APP-012)
          Summary:
          Establishes application risk assessment including risk identification, threat assessment, business impact assessment, risk scoring, risk treatment, monitoring, reporting, review, and continuous improvement.
          Business Description:
          Establish and maintain processes to identify, assess, evaluate, and monitor security risks associated with internally developed, commercial, third-party, and cloud-based applications.
          View