Website Design & Development Company - Pune, India.

Risk to Information Systems
16May

Risk to Information Systems

by Nikhil   |   16 May, 2016

Risk Analysis has been defined as:"a formal process of determining risks and developing a plan to deal with them”. Risks do not arise all by themselves. A risk is normally a product of two factors: threats (something could go wrong) and vulnerabilities (the information system/s used by the business will allow things to do wrong).

Threats include:-

           - Deliberate manipulation of information prior to input/processing
- Impersonation of a legitimate user
- Untrained or poorly trained staff

Vulnerabilities include:
-
Poor website or network design
- Poor recruitment procedures
The first - and key stage - in addressing risks is to do a risk analysis:
A risk analysis process has three main stages:

        (1) Understanding risks to the business and how they can occur
        (2) Understanding the potential cost to the business if they do occur
        (3) Identifying suitable and effective measures and policies to:
               - Minimize the likelihood of the threats happening
               - Prevent or detect the threat
               - Enable appropriate recovery action to be taken

Many risks can be quantified - since they occur in most businesses - and there is lots of evidence of how threats and vulnerabilities arise. The most important element in the process is that risk decisions are taken openly. Denying the presence of risk is not helpful. But trying to reduce the risk to zero is not realistic, and will normally cost more than it will save.

2.2.1 Information Security in Organization :-
The information is one of most valuable assets of the organization. Therefore, the relevant system namely Information Security Management System (ISMS) is very important part of business management system of every organization. The main objectives of ISMS are to ensure the confidentiality, integrity and availability of the information in the organization. The access to the information asset is managed through the special rules, according to the roles and privileges. The importance of the unified process of information security management determines the creation of standard mechanisms and procedures and special organizational structures for its implementation. The basic activities include also the means and tools for the deployment, monitoring, analysis, maintenance and modification of the ISMS. Moreover, the significance of the information security for business success in concurrency environment requires certification and accreditation of these systems.
Information is an asset, and having specific, relevant and correct information can make a massive. Difference to an organization's efficiency. With the huge number of available technologies; it is possible forinformation to be collected, shared, sold, exchanged and distributed without citation or notice to the owner. It is necessary to ensure information security so that it becomes a natural phase in the dailyactivities of an organization. Organizations must define the threats and vulnerabilities to their informationresources to ensure the confidentiality, integrity and availability thereof.

               

  • Organizations have an internal value chain and must interact with external entities at either end of this chain.
  • External entities may be other businesses, individual customers, or the government.
  • Interactions must be protected from being compromised by unauthorized parties.Privacy deals with the degree of control that an entity, whether a person or organization, has over information about itself.
  • Security deals with vulnerability to unauthorized access to content.
  • It is difficult to connect security security-related expenditures to profitability
  • Increases in security will often increase costs and reduce efficiency
  • Security is not a technical issue; it is a management issue
  • Total security is a myth.
  • Not all information is of equal value
  • it is not technically possible to protect all information assets
  • Value of the firm's intellectual property
  • The degree of change the firm is facing
  • Its accessibility
  • Its industry position
  • Culture
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