Information Technology Asset Management and Cyber Security

As we speak about information security management system, we quickly focus on important components like the need for professional help to come up with solution to overcome threats in this respect and the impact on the business in their absence. When we talk about consultation services for assessing and mitigating potential threats, it is very important for a prospect company who claims to provide best information security consultation services, to know about the role of risk assessment. As we know, it’s preferable to hire an ISO 270001 company; risk assessment is one of the most important components of the compliance project of an ISO 27001 company. That’s why, if you have hired a company in this respect, you will get familiar insights about the same. Speaking of cyber-security risk assessment, let’s take a quick look at what it really is about. So, risk assessment in an information security structure, is the process of identification of potential threats that might target at the sensitive data of a firm. Adding further to this, there is a detailed method to execute the cyber-security strategy after including risk assessment, but before getting that, let us understand about ‘IT asset management’ and its relation with cyber security.

Cyber-Security and IT Asset Management (ITAM)

When we talk about Information Technology asset management, we can see how important it is for any cyber-security firm as ITAM allows these organizations to learn about all the assets their client’s organization has and where are they located exactly, so that they can be protected properly. If we take a look at ITAM and view it under a different light, we can see that it actually is an important component of a cyber-security project because it allows the firm to come up with better solutions that are more focused on the assets that a their client’s company uses. Considering ITAM and its importance in a cyber-security strategy as the premise, we can add that having a track of all the assets in the organization is beneficial in many aspects. Some of the advantages of using ITAM are: 1. Eradiating Risks: We look at the uncertainty of threats like cyber-attacks, legal and other liabilities, and some unpredictable events that prove to be a threat for the operations of an organization, we can see how difficult it becomes for an IT security professional to assess where the assets are located and how they are managed. ITAM paints the whole picture in this respect by assessing where the IT assets are, and how exactly are they tracked. This helps the IT security personnel to eradicate many risks. 2. Helps in controlling the cost of software assets: Once you know exactly which IT assets you are using in your company, you can reclaim the unused software. This helps in controlling the purchase of new softwares. 3. Helps in checking if the softwares are regularly packed and patched: We all know that older versions of softwares aren’t patched properly. That’s where ITAM comes in. It helps in keeping a track of such softwares and provides accurate data to the IT security professionals so that they can update the software. ITAM can be an important factor in cyber-security risk assessment as offers such services. When we take a look back at these benefits we can see how important ITAM is to a cyber-security framework. And that’s why asset management consultancy services are important too. If we take a look at the entire process of implementing ITAM in an existing cyber-security framework, we will know that consultancy service in this respect is an important factor to consider. One of the many reasons to support this statement could be the clarity about all the processes and important factors involved.

The Process of Assessing Risks in a Cyber-Security Framework

Now, that we have an idea about the role of asset management consultancy in a cyber-security framework, we can now take a look at the process involved: • Properly define he methodology: The first step in the process of cyber-security risk assessment is to determine the methodology that is going to be used by the firm. As we all know that an ISO 27001 firm has no particular way of assessing the risk, that’s why the approach should be in accordance with the needs of the organization. Determining important aspects like, the context of the organization, risk criteria, and risk acceptance criteria is an important requisite. • Compile a detailed informative lit of your assets: An ISO 27001 firm, allows every other organization to evaluate the assessment with an asset based approach It has its on pro and cons but is an important approach. • Identify threats and vulnerabilities: One of the most important step in cyber-security risk assessment is identifying all the risks that are associated with the assets. • Evaluate risks: The next step in the process is evaluating all the risks. • Mitigate the risks • Compile the reports • Review, monitor, audit. If you too are looking for consultation services in any of this spheres, you and reach out Assured GRC by looking us up online, or calling us at +44 (0)203 4759 932.