
It is often difficult to determine the real value of
information security investments since they do not produce revenue. They instead protect against potential
losses. These losses may or may not be realized. As
a result, decision-makers are often reluctant to make
security investements. There is a way, however, to maximize
your security investment and measure its return through
risk assessment and return on security investment analysis.
This information can be used to prioritize information
security investments and help justify additional expenditures.
There is a fair amount of effort
involved and it may require expert help from outside
your company, but it will be well worth any investment
in time or resources. When your are done with this exercise,
you will have an intimate understanding of the value
of your information assets as well as priorities for
additional security investment and a baseline for measuring
results.
From a business perspective,
information security is a function of risk management.
Using standard risk assessment techniques and formulas,
your organization can focus its limited resources on
protecting its most critical information assets. In
this process you will determine the risks to specific
information assets and develop priorities for reducing
them.
Your company has the option
of performing the risk assessment internally or contracting
with an outside firm such as InfoDefense to help guide
you through the process. Either way, your firm will
benefit most if senior level management is closely involved
in the process.