Why IT Security Needs Risk Management?

If IT security departments want to really meet the risks posed by the advanced threats of today, it is important for them to get more scientific with how they formulate their strategies. Because based on the malware infection rates and breach statistics, the old methods aren’t even close to sufficient.

If IT organisations are to affect meaningful change in their respective businesses and evolve past their daily toil, they need to improve security and risk management by integrating the principles of IT risk management within their decision-making framework. Following are some of the reasons why IT security needs risk management:

Integrates IT security in the big picture of the business

The fact that IT security is integrated into the business’ big picture is perhaps the most important. This is done by contextualising activities with how they influence the ability of the business to continue to thrive and innovate.

Many firms perceive security as something that is a part of the IT department, whereas, risk management and assessment is a business process, belonging to every business unit. To conduct risk management appropriately, every business unit must share its knowledge of the process. This needs to start from the top.

Drops security fixation on technology

Naturally, risk management expands the horizons of IT security beyond the technology by re-centring the conversation of business priorities. This effect may go a long way towards enhancing the defensive success rate of the firm.

Just having the right technology isn’t enough. If technology isn’t effectively configured, it may fail to provide the intended security. Risk management evaluates the effectiveness of technology, along with the processes and people managing that technology. Often, it isn’t the bad technology that causes poor decisions and broken processes, but the security lapses.

Translates security into business language

Risk management ties information security to the remaining enterprise. Security without risk management behind is an intellectual exercise carried out by the expense of the firm. Therefore, proper risk management is important to understand exactly how much to spend.

What is it worth to you? What are you protecting? What will be the consequences be to your firm if the information falls in the wrong hands or if you lose it? Manage it only after assessing it. It would be better if risk management is replaced with risk and reward management because this is how business decisions are made. By making use of an accepted and normalised language, the security professionals may commutate more effectively with those who dictate policy and control the budgets.

Assists in prioritising the deluge

Rolling the boulder isn’t the aim of security, but instead, the goal is securing the ability of a firm to achieve its mission. Risk management is an important technique, focusing on security efforts on the mission of an organisation and prioritising efforts on critical systems. The risk management and analysis based on this allows it to do more with less. Through the analysis in which threats are allocated, what resources, combined with assessing the consequences of any type of security failure, you can better understand why you’re doing and what you’re doing.

Looking for an IT security consultant and security and risk management in the UK? Give us a call today, and Enigma Consultants will be glad to assist you!