information security threats continue to become acute, many enterprises are
shifting from a conventional security mindset to an Information Risk Management
(IRM) approach. Effectively evaluating risks, both external and internal, needs
a thorough understanding of the attacker’s mindset. While securing an
enterprise from the latest virus might consume several security resources, but
the most hazardous threats to any business results from attackers with an aim
to cause economic loss. Some of the reasons behind the attacks can be
identified instantly, whilst others are difficult and leave a long lasting
impact that affects a company’s reputation and revenue.
or data is of utmost importance to any company. Thus protecting a company
against an economically driven data theft needs much more than advanced
technology at work. Most importantly, it needs an efficient information risk
management framework to be implemented within the organization for identifying,
evaluating and resolving unwarranted risks. A systematic information risk
management policy must address the following issues:
objectives and basis for IRM within the enterprise
association between risk management frameworks
and the enterprise’s strategic planning procedures
range and extent of IRM within a company
is considered as an acceptable risk
key accountabilities of risk management
Today IRM solution providers have introduced innovative data protection solutions that help in securing sensitive and critical enterprise
information. The solution functions in the three phases, that includes:
· Strategy and
In this phase the solution assesses the data protection needs and
creates an effective data classification strategy and policy. It also evaluates
your critical data on the basis of, who owns it, who creates it, how it is
used, how it is shared and many more. Depending on this risk assessment a data
protection framework is designed to address current and emerging trends such as
BYOD, Cloud, Mobility and many more.
· Control and
In this phase the solution helps you to implement appropriate
security and data protection technologies like data leakage prevention (DLP),
information rights management (IRM), and database access monitoring (DAM)
tools. It also offers project management and technical implementation skills
for effective implementation according to the design criteria.
Here the solution fine tunes and optimizes the technology
implementation to assure better alignment with business data movement rules,
reduction in false positives, KPI reporting and executing a strong incident
management and consequence management framework for ongoing vigilance which is
important for building a culture of data protection within the enterprise.
Therefore, the modern day Information Risk Management and data protection solutions help you to implement a
comprehensive data protection framework all through the information lifecycle.
The solutions undertake a holistic but modular approach that enables an
organization to leverage the IRM services either in a continuous or modular
manner and assess, transform and sustain data protection.
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