Risk In Information Security
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.
Protecting information and information systems from unauthorized access, disruption, disclosure, use or destruction is considered information security . 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. An essential feature of information security risk management is to recognize how valuable the information is and apply appropriate procedures and protection requirements for the information.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.
Due to the rapid change of risk factors risk in information security are comparatively harder to handle. 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.To obtain better risk management, it is important that the companies get up to dated with the technology involved in information security risk.
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