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. If an information security risk goes unnoticed, it can lead to reputational damage for the organization and severe financial regulatory. 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 . There would be a bigger impact on the business than one would expect from a leakage of valuable information. Information security risk is the possibility of a threat trying to gain unauthorized access into an organizations information system. Information security management processes are available in order to cut down the possibility of such instance.
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. Develop a classification policy where it describes the different classification labels and define the criteria for information to be assigned a particular label with each classification having a list of required security controls. 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 risks 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. When new controls are implemented there will be some other overhead costs such as built time cost and run time costs.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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