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Choosing the right information security risk assessment framework
This article is part of the March 2011 issue of Information Security magazine
Many regulations and virtually all security frameworks require some objective assessment of risks. The reason is simple: Security controls should be selected based on real risks to an organization's assets and operations. The alternative -- selecting controls without a methodical analysis of threats and controls -- is likely to result in implementation of security controls in the wrong places, wasting resources while at the same time, leaving an organization vulnerable to unanticipated threats. A risk assessment framework establishes the rules for what is assessed, who needs to be involved, the terminology used in discussing risk, the criteria for quantifying, qualifying, and comparing degrees of risk, and the documentation that must be collected and produced as a result of assessments and follow-on activities. The goal of a framework is to establish an objective measurement of risk that will allow an organization to understand business risk to critical information and assets both qualitatively and quantitatively. In the end, ...
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Features in this issue
There are a lot of risk assessment frameworks out there. Here's what you need to know in order to pick the right one.
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Attacks on applications like Adobe Reader and Java require effective and timely patching of user systems.
Columns in this issue
Security managers should take advantage of the consumerization of IT trend to reinvent themselves.
Cloud computing is forcing an evolution of information security practices and technology.
A new competition tries to foster interest in cybersecurity early on.
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