Asset ( Information security)

In information security, computer security and network security, an asset is any data, device, or other component of the environment that supports information-related activities. Assets generally include hardware (e.g. servers and switches), software (e.g. mission critical applications and support systems) and confidential information. Assets should be protected from illicit access, use, disclosure, alteration, destruction, and/or theft, resulting in loss to the organization.

THE CIA TRAID  :

The goal of information security is to ensure the confidentiality, integrity and availability (CIA) of assets from various threats. For example, a hacker might attack a system in order to steal credit card numbers by exploiting a vulnerability. Information Security experts must assess the likely impact of an attack and employ appropriate countermeasures. In this case they might put up a firewall and encrypt their credit card numbers.

RISK ANALYSIS  :

When performing risk assessment, it is important to weigh how much to spend protecting each asset against the cost of losing the asset. It is also important to take into account the chance of each loss occurring. Intangible costs must also be factored in. If a hacker makes a copy of all a company's credit card numbers it does not cost them anything directly but the loss in fines and reputation can be enormous.

ASSET CONTROLS :

Asset control is the practice of keeping track of and managing physical assets and resources. 

This can include everything from inventory and stock to production equipment and company vehicles. 

By maintaining an up-to-date asset control system, businesses can more effectively manage their assets, preventing loss and maximizing the use of their resources. 

One key aspect of asset control is asset tracking. This involves using various methods, such as barcodes or RFID tags, to keep track of where each asset is located. This information can then be used to streamline effective asset management procedures and reduce the amount of time and money spent on reordering or replacement. 

In short, asset control is an essential tool for any business that wants to optimize its operations and avoid costly mistakes.