Home > Ask the Security Experts > Security Management Questions & Answers > How to quantify business risk exposure to malware
Ask The Security Expert: Questions & Answers
EMAIL THIS

How to quantify business risk exposure to malware

David Mortman, featured expert EXPERT RESPONSE FROM: David Mortman, featured expert

Pose a Question
Other Security Categories
Meet all Security Experts
Become an Expert for this site


Digg This!    StumbleUpon Toolbar StumbleUpon    Bookmark with Delicious Del.icio.us   


>
QUESTION POSED ON: 09 February 2009
According to a recent vendor report, businesses risk losing billions of dollars to malware that steals sensitive data. Are there any metrics I can use to quantify my company's level of risk exposure to our executives, i.e. how many employees we've laid off recently or locations where our data is stored?

>
I tend to be pretty suspicious of vendor surveys as they are inherently biased. But regardless of the numbers in the survey, the vendor has a point, which is that companies are increasingly at risk of losing their data, whether from malicious insiders, random theft of equipment (as in stealing laptops from cars), lost USB drives or targeted and untargeted malware.

The initial metrics you propose are a great start. Also, compare your company's rate of laptop loss to that of the general public to see if it's something to be concerned about. For reference sake, a recent article in Fast Company revealed that approximately one laptop gets stolen every minute, and more then 12,000 go missing each year in airports alone. It's important to not only look at the raw numbers, but also at who in your organization has laptops and what sort of data they carry on those machines.

In the end, this isn't really a metrics problem per se, but rather a risk assessment/risk management problem; though the metrics will help inform your decision. That is to say, metrics tell you where the company is today and can potentially predict where it is heading, but without context, these metrics don't actually tell you if you are in bad shape. Risk assessments give that context by taking those metrics and explaining how relevant they are. For example, one metric may show that laptop thefts are up 400% this year compared to last year. That sounds really bad, but if it means that in 2008 you lost five laptops instead of 1 and the company owns 20,000, then reducing the laptop theft rate may not need to be your highest priority -- unless all five laptops belong to the CEO or other senior executives.

Similarly, just because the number of security incidents has gone down in an organization doesn't mean that it's better off, if the incidents that did occur were much worse. By implementing proper risk management guidelines, you can effectively evaluate these metrics and appropriately prioritize your resources accordingly.

There are a lot of good risk assessment/risk management frameworks out there. My personal favorite is FAIR, but others include OCTAVE, SOMAP and even an emerging ISO standard.

FAIR is my favorite, largely because it provides a simple, easy-to-use mechanism for communicating the inherent probabilistic nature of risk. However, any of the above frameworks will get you where you need to be.

Regardless of which framework you choose, you need to know where your data is and where it's going. Once you understand how the data is moving, the rest of the analysis isn't too bad.

For more information:


BROWSE BY TAG
Security Management,   Enterprise Risk Management: Metrics and Assessments,   Information Security Management,   Malware, Viruses, Trojans and Spyware,   Information Security Threats,   VIEW ALL TAGS

Digg This!    StumbleUpon Toolbar StumbleUpon    Bookmark with Delicious Del.icio.us   



RELATED CONTENT
Security Management
How to prepare for a FERPA audit
Why doesn't the CISSP cover information assurance and DIACAP?
Data breach notification legislation: What info must be released?
Risk management strategy for an information technology solution provider
Are there guidelines to create a HIPAA-compliant data center?
HHS HIPAA guidance on encryption requirements and data destruction
Writing a patient identifier policy to prevent common HIPAA violations
How to write technology outsourcing contracts
The requirements for being a PCI DSS-compliant service provider
The requirements needed to make an external penetration test legal

Enterprise Risk Management: Metrics and Assessments
Medical identity fraudsters target health care info, experts say
Creating meaningful information security metrics
PCI compliance requirements affect IT risk assessments
Perspectives: Pet information security risks
Cloud computing in 2010: Be ready for risk management challenges
Security risk factors: Business partner security and pandemic planning
GRC customers point to better efficiency, convergence and consistency
Schneier-Ranum face-off part 5: Security metrics
How to detect and respond to money laundering
How to justify information security spending on cloud computing
Enterprise Risk Management: Metrics and Assessments Research

Malware, Viruses, Trojans and Spyware
Social networking threats put new pressure on healthcare CSOs
Zeus Trojan continues reign infecting 74,000 PCs in global botnet
Defending against RAM scraper malware in the enterprise
Malware in Google attacks uses spaghetti code
Preparing for future security threats, evolving malware
Facebook attacks prompt investments in social networking security
Another PDF attack targets Adobe zero-day vulnerability
Security report finds rise in banking Trojans, adware, fewer viruses
How to prevent rogue antivirus programs in the enterprise
How to stop keylogging malware with more than basic antivirus software, firewalls

RELATED GLOSSARY TERMS
Terms from Whatis.com − the technology online dictionary
bot worm  (SearchSecurity.com)
directory traversal  (SearchSecurity.com)
government Trojan  (SearchSecurity.com)
Kraken  (SearchSecurity.com)
man in the browser  (SearchSecurity.com)
polymorphic malware  (SearchSecurity.com)
RAT (remote access Trojan)  (SearchSecurity.com)
RavMonE virus  (SearchSecurity.com)
RFID virus  (SearchSecurity.com)
Rock Phish  (SearchSecurity.com)

RELATED RESOURCES
2020software.com, trial software downloads for accounting software, ERP software, CRM software and business software systems
Search Bitpipe.com for the latest white papers and business webcasts
Whatis.com, the online computer dictionary



Search and Browse the Expert Answer Center
Search and browse more than 25,000 question and answer pairs from more than 250 TechTarget industry experts.
Browse our Expert Advice



Find Security Solutions for Your Business
TechTarget Security Media
Information Security View this month\\'s issue and subscribe today.
Information Security Decisions Apply online for free conference admission.
SearchSecurity.com
HomeNewsMagazineMultimediaWhite PapersLearningAdviceTopicsEventsAbout Us

About Us  |  Contact Us  |  For Advertisers  |  For Business Partners  |  Site Index  |  RSS
TechTarget provides technology professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective purchase decisions and managing their organizations' technology projects - with its network of technology-specific websites, events and online magazines.

TechTarget Corporate Web Site  |  Media Kits  |  Site Map




All Rights Reserved, Copyright 2003 - 2010, TechTarget | Read our Privacy Policy
  TechTarget - The IT Media ROI Experts