Certain organizations face security powerlessness due to availability of partial resources. In such situation, security personals often use the best practices implemented by other organizations to overcome the limitations. However, such an approach is not a helpful strategy to better protection of organizational data assets.
Following interior cyber-security risk valuation is a best practice that many organizations adopt these days. Organizations mainly follow certain steps for better security threat and risk assessment. In this regard, the following five-step plan can better guide to lay down the foundation for better protection.
Information Assets Identification:
Organizations mainly handle certain types of information including SSN, payment card information and employee details. A better approach is to identify the most crucial assets by making a priority list for all of those that are important to you.
Locate Information Assets:
The identified list of assets, needs further refinement. All of them must be present inside the organization. So their locality needs to be identified that where an individual asset exist. They must be present either in laptops, removable media or file servers and databases.
Classification Of Information Assets:
Classification of these assets involves proper rating so that their importance stays known to all. A better approach is to use a scale strategy from 1-5 based on certain categories. This will enable organizations to rank information assets centred to effectiveness of damage if they are disclosed or accessed in an unauthorized way.
Public information is not usually protected enough from public access. They normally hold contact details, information regarding marketing campaigns and financial reports.
Internal But Non-Secret:
Certain information is although internal but they are not enough confidential. In this regard, phone lists and certain office policies are categorized as internal but non-secret information.
Sensitive Internal Information:
Not every type of information that an organization maintains must be accessible to all. This includes business related plans, strategic creativity and non-disclosure contracts.
Tagged Internal Information:
Certain information like compensation related evidences and dismissal strategies must be classified as tagged internal information.
Regulated information is mainly the general information about users. They are the classified facts regarding the organization or people within it.
Conduct A Threat Modelling Exercise:
Microsoft’s STRIDE is a method that is commonly used for rating threats that might face to information assets. Microsoft STRIDE is commonly used by managed security services UK to ensure that all of the highest threats have been covered so that enhanced must be incorporated.
Finalize Data And Start Planning:
Now find out the product by multiplying cells within the worksheets by the ordered rating performed in the third step known as classification of information assets. This will give you a detailed ranking of possible threats to the business. Such a reasonable security plan will undertake the risks that have been identified with the maximum value or number.