In the new world
of technology, it is vital for the business management to actively and
aggressively respond to major security challenges. The management has
to work out common standards of information security risk assessment
of the Information Age
Information Age has brought record challenges to security and privacy.
The “cyber world” has no physical borders. An individual with the
anger, audacity, and certain skills may attempt to launch a
cyber-attack against an enterprise or government organization
physically located in a different part of the world that could severely
disrupt one or more critical infrastructures and threaten the financial
prosperity and even lives of a large number of people. What's more, a
minor security breach resulting from an error of someone on the
company’s staff may have catastrophic consequences.
security field has grown from a back-room activity of a bunch of
practitioners to an area of expertise that requires broadest skill and
ability to survive in the world of rapidly expanding complexity and
change. Business and government organizations have to manage corporate
networks typically connected to the internet which makes them highly
interconnected and dependent upon each other. The new world of
information has erased old barriers and raised new vulnerability areas
and avenues of attack associated with vastly greater risk.
this context, the lack of education and superficial awareness of
information and privacy risks in the company management can threaten
the whole business environment and cause serious reputation damage,
financial losses and even bankruptcy. In fact, management typically
prefers to allocate funds to activities that it believes will more
obviously improve the company’s bottom-line performance while
disregarding associated security risks.
there are no standardized, automated practices of information risk
analysis. To enhance the company’s IT infrastructure and information
security, the management has to employ diverse risk assessment
practices that are for the larger part qualitative and subjective. The
lack of firmly established language and metrics of information security
risk, risk analysis and assessment, and risk management is a major
setback in creating strong security strategy.
company’s management has to recognize these information security
issues and create the company’s security profile. It is essential to
apply foremost technology solutions to locate, identify and protect the
company’s information assets and confidential files. However, it is
equally important to force each employee to stick to the rules and be
ready to respond to critical information security concerns. The
management has to a) establish a standard language to discuss security
risk in terms understood by everyone; and b) formalize standard risk
metrics, including a standard population of threats.
of risk awareness could lead to unacceptable, even catastrophic,
business losses and facilitate the massive degradation of one or more
and adhering to fundamental security principles will contribute
significantly to a more secure environment in which information assets
can be accessed, processed, transmitted, and stored. The management has
to develop comprehensive approach to critical security issues and
establish the common metrics of information security risk management
and self-regulation within an organization.
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