Information Technology Security Risk
It is no doubt that organizations today have to go to extreme measures to protect themselves from a rapidly changing and an increasingly threatening range of information security risk. 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. Controling the security level of highly important information therefore is deadly important.
Information security will have many wings such as Protecting information and information systems from unauthorized access, disruption, disclosure, use or destruction . Risk could be defined as the possibility of a threat agent that takes advantage of the defenselessness and the impact it would have on the business. Information security risk is the possibility of a threat trying to gain unauthorized access into an organizations information system. In order to protect the information assets, information security management processes have been put in place.
It is understandable that not all the information require the same level of high security. Therefore measuring the importance of the information is important.There should be a head or in other words an administrator for a database. 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, risk in information security 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 such as the disclosure of sensitive information or the loss of customer confidence are naturally difficult to measure. 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.
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