Has your organization established documented risk acceptance criteria for different data classifications?

Risk acceptance criteria define the thresholds at which your organization is willing to accept, mitigate, transfer, or avoid cybersecurity risks based on data sensitivity levels. These criteria should align with your data classification scheme (e.g., public, internal, confidential, restricted) and specify different handling requirements for each level. For example, risks to public data might have higher acceptance thresholds than those affecting restricted data containing regulated information. Evidence could include a formal risk management policy document that clearly outlines acceptance criteria for each data classification, risk assessment templates showing different thresholds by data type, or documented risk acceptance decisions that reference these criteria.