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 risks. If an information security risk goes unnoticed, it can lead to reputational damage for the organization and severe financial regulatory. 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.

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. In order to protect the information assets, information security management processes have been put in place. Protect your data – back it up!

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. It is vital that all employees of an organization are trained on the classification and understanding of the required security controls and handling procedures for each classification of information. Don’t lose your data, get it backed up online!

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 are naturaly difficult to measure hence will go unnoticed. When new controls are implemented there will be some other overhead costs such as built time cost and run time costs.To obtain better risk management, it is important that the companies get up to dated with the technology involved in information security risk. Do you backup your data off site?

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