Information Security Risk
information security risk have grown in with a rapid phase over the years that today organizations will have to take extreme measures about it. An unnoticed information security risk will cause long term problems that will have a bearing on the future of the company’s stature in the market. A risk assessment process that can identify risks to specific information assets will help the organization in making information security investment and control decisions in the future.
Protecting information and information systems from unauthorized access, disruption, disclosure, use or destruction is considered information security . There would be a bigger impact on the business than one would expect from a leakage of valuable information. Trying read, modify or delete important data would be recognised as security risks for a business firm. Information security management processes are available in order to cut down the possibility of such instance.
In an organization, not all information is equal therefore not all information requires the same degree of protection. Therefore measuring the importance of the information is important.Start with assigning information a security classification by indentifying a member of senior management as the owner of particular information that is to be classified. Normalization and grading of the information will help to protect data according to its importance. Some common labels used by businesses today are public sensitive, private and confidential. Understanding of the required security controls and handling procedures for each classification of information is required by all the people attached to a specific database.
Compared to assessing other types of risks, information security and risk can be more difficult because of the costs involved with information security risk factors and the data probability are most often limited as well due to the rapid changes of risk factors. Costs are naturaly difficult to measure hence will go unnoticed. Even though the costs of hardware and software to build the controls may be estimated, it is impossible to account for the indirect costs such as the possible loss of productivity when new controls are implemented.Due to the increase in dramatic and constant changes in information security risk it is essential that organizations update their security systems frequently with better risk management controls.
