Current Scenario: Present day organizations are highly dependent on Information systems to manage business and deliver products/services. They depend on IT for development, production and delivery in various internal applications. The application includes financial databases, employee time booking, providing helpdesk and other services, providing remote access to customers/ employees, remote access of client systems, interactions with the outside world through e-mail, internet, usage of third parties and outsourced suppliers.
Business Requirements:Information Security is required as part of contract between client and customer. Marketing wants a competitive edge and can give confidence building to the customer. Senior management wants to know the status of IT Infrastructure outages or information breaches or information incidents within organization. Legal requirements like Data Protection Act, copyright, designs and patents regulation and regulatory requirement of an organization should be met and well protected. Protection of Information and Information Systems to meet business and legal requirement by provision and demonstration of secure environment to clients, managing security between projects of competing clients, preventing leak of confidential information are the biggest challenges to Information System.
Information Definition: Information is an asset which like other important business assets is of value to an organization and consequently needs to be suitably protected. Whatever forms the information takes or means by which it is shared or stored should always be appropriately protected.
Forms of Information: Information can be stored electronically. It can be transmitted over network. It can be shown on videos and can be in verbal.
Information Threats:Cyber-criminals, Hackers https://eco-smart.biz/cyber-security-la-gi/ Malware, Trojans, Phishes, Spammers are major threats to our information system. The study found that the majority of people who committed the sabotage were IT workers who displayed characteristics including arguing with co-workers, being paranoid and disgruntled, coming to work late, and exhibiting poor overall work performance. Of the cybercriminals 86% were in technical positions and 90% had administrator or privileged access to company systems. Most committed the crimes after their employment was terminated but 41% sabotaged systems while they were still employees at the company.Natural Calamities like Storms, tornados, floods can cause extensive damage to our information system.
Information Security Incidents: Information security incidents can cause disruption to organizational routines and processes, decrease in shareholder value, loss of privacy, loss of competitive advantage, reputational damage causing brand devaluation, loss of confidence in IT, expenditure on information security assets for data damaged, stolen, corrupted or lost in incidents, reduced profitability, injury or loss of life if safety-critical systems fail.