Your Business Can Benefit From IT And Security Governance

IT and security governance

Policies which are set up for the management of an organization’s sensitive data are referred to as Information Security Management or IT Management and Security. Whichever term you choose to use for IT and security governance, organizations which have not implemented it are finding that they have a lower rate of success that organizations who have. Security management’s goal is to analyze an organization’s needs and minimize all identified risks in relation to those needs. Of course, all risk can never be completely done away with. But senior management, particularly in big organizations, will undoubtedly benefit from IT and security governance as the danger of loss is lessened.

Avoid Losses At All Costs

No matter what the cost, some information can simply never be compromised. This can include financial information such as personnel records, employee payroll information, tax details, etc. A company’s reputation is on the line should any of this information be stolen or lost. Asset losses are categorized by being one of the following:

  • Loss of intangible assets – i.e. loss of reputation, policy documentation, and other assets that are not measured by quantity
  • Loss of tangible assets – i.e. computers, servers, and other assets that can be measured through physical value

Through a proper management system, loss and theft can be defended.

What is the Management Hierarchy and IT Security?

From bottom to top, the IT management and security hierarchy goes as follows:

  • Bottom tier – System administrators and other technical people
  • Middle tier – Chief information security officer and other middle management
  • Top-tier – Security governance

What is the Role of Security Governance and IT?

The role of security governance and IT is to make sure that stakeholders’ needs, conditions, and options are analyzed to figure out which agreed-upon and balanced enterprise objectives will be achieved. Included overall goals can be as follows:

  • Making sure that the resources of the enterprise are responsibly used
  • Ensuring the appropriate management of risks
  • The obtaining of business and security objectives
  • Provide strategic direction

Analyze an Organization’s Performance

This is done with security governance via a number of techniques, the most important of which is through data visualization. This takes what is happening in an organization and gives the viewer an overall picture in a graphical format. This format can involve graphs and charts which show negative and positive aspects of an organization, which is then compared to previous performance results. Decisions will then be made by senior management, based on the desired state and the current state of an organization.

Business Integration

In order to integrate a business with IT, there are some required steps that must be taken:

  • Plan for post-disaster recovery
  • Business continuity management
  • Privacy and compliance
  • Risk management
  • Integrate physical security
  • Identify scope

A security framework must be adapted to an information security program that is effective. This framework should consist of each of these points:

  • The standardization of baseline security activities
  • The providing of metrics with which to measure trends in compliance
  • The alignment with business objectives
  • Define objectives for information security

The Process for Risk Assessment

In order to identify risks to critical assets, security professionals must execute risk assessments. There are nine steps involved here which are as follows:

  • Characterization of systems
  • Identifying threats
  • An assessment of vulnerability
  • Listing of needed controls
  • What is the threat likelihood
  • What will the threat impact be
  • Identify any and all risks
  • Recommendations for control
  • Documentation and recommendations for presentation to senior management

The Risks an Organization Is Willing to Accept

This is known as residual risk and will likely not have an effect on the objectives of an organization. When risk is identified there are four possible things an organization can do:

  • Avoid the risk entirely
  • Accept the risk
  • Transfer the risk to a third party for removal
  • Mitigate the risk through security control

If you would like to find out more about security governance and IT, ANEXIO offers solutions in managed IT, managed network, data centers, and more.