Information security risk management is the ongoing process of discovering, correcting, and preventing security problems. Risk assessment is an integral part of an organization’s risk management process, designed to provide appropriate levels of security for its information systems and data.
IT enterprise security risk management allows the organization to assess, identify, and modify its overall security posture. It also enables security, operations, organizational management, and other personnel to collaborate and view the entire organization from an attacker’s perspective.
Comprehensive security risk management can also be used to determine the value of the various types of data generated and stored across the organization. Without valuing various types of data, it is nearly impossible to prioritize and allocate technology resources where they are needed most. To accurately assess risk, management must identify the data that is most valuable to the organization, the storage mechanisms of said data, and their associated vulnerabilities.