Feb 25 2009

Small business and assessment of IT risks

Category: Security Risk Assessment — DISC @ 5:02 pm

Network and Information Security Agency
According to a study released by European Union ENISA, Small-to-Medium-Sized (SME) enterprises require extra guidance in assessment of IT security risks of their assets.

Agency also established that in the first implementation it is improbable that SME can utilize a risk assessment & risk management approach without external assistance and simplified information security approach was extremely useful for security awareness on the part of business to improve their information security management approach. One of the main drivers that have pushed ENISA towards a simplified Risk Assessment and Management approach was the idea that SMEs need simple, flexible, efficient and cost-effective security solutions.

Regarding the entire process applied for the life-cycle of the simplified approach, ENISA has applied the Plan-Do-Check-Act model:
o PLAN: creation of a simplified Risk Assessment & Risk Management approach for SMEs
o DO: run pilots in different contexts inside EU
o CHECK: get feedback from pilots and aggregate and analyze it
o ACT: review and improve the simplified approach starting from the feedback
It is expected that through repetitions of the above life-cycle a proper maturity of the simplified ENISA method will be achieved.
ra-process
Diagram: Overview of the phases of the ENISA simplified approach
ENISA simplified and standardized approach for risk assessment for SMEs is designed for untrained users and organization with small IT infrastructure. Security of SMEs is crucial for European economy, since they represent 99% of all enterprises in EU and around 65 million jobs, said ENISA said.

ENISA report and findings

As economic slowdown is looming ahead in US economy, it makes sense to adopt a lifecycle approach which is simplified, standardized in managing and securing the SMEs data. SME is the core engine of US economy as well; taking a standard based approach for data protection will not only serve to increase awareness and secure businesses but will also satisfy various compliance needs. Complexity is an enemy of security and SME most of the time don’t have inside expertise to tackle organizations information security needs. The main idea is to build a simple, flexible and cost efficient risk assessment and risk management program for non-expert users and management with relatively less complex IT infrastructure which fits the needs of all SME. This program will serve as an IT risk assessment tool; fulfill the needs of several regulations and serves as a great security awareness tool as well. As business needs change, risk assessment and risk management process can be improved utilizing Deming PDCA model. Start with a base model program and improve the process to tailor your business needs down the road.

Another methodology which is worth mentioning here for simplified risk assessment approach for SME is Facilitated Risk Analysis and Assessment Process (FRAAP) created by Tom Peltier which can be utilized to identify and quantify threats to IT infrastructure. Tom also teaches a class how to complete a risk assessment in 5 days or less utilizing FRAAP and his book on “Information security risk analysis” where he explains his FRAAP methodology.

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Tags: Business, Computer security, Consultants, European Network and Information Security Agency, European Union, information security risk analysis, Risk management, Security, Security Risk Assessment, Small and medium enterprises, SME

Oct 07 2008

vsRisk and security risk assessment

Category: ISO 27k,Security Risk Assessment — DISC @ 3:18 pm

Information Security Risk Management for ISO27001 / ISO27002

The State of California has adopted ISO/IEC 27002 as its standard for information security and recommends other organizations and vendors to use this standard as guidance in their efforts to comply with California law.

To achieve an ongoing compliance, major organizations require tools to comply with standard such as ISO 27002/ISO27001. vsRisk is an easy to use Information Security Risk Assessment tool which makes risk assessment process consistent, easier and produces required documentation to achieve ISO 27001 certification . vsRisk also aligns seamlessly with standards like ISO 27002, ISO 27005 and NIST SP 800-30.

vsRisk helps organizations to develop an Information Security Management System (ISMS) asset inventory and capture business, legal and contractual requirements against each asset. vsRisk is customizable to meet specific needs when introducing new risks, vulnerabilities and controls without any additional help from a consultant. vsRisk helps you focus on assets rather than on threats and vulnerabilities. This is an approach which works by treating business processes as an asset, which is examined for their criticality, lack of security and consequences of failed process can be examined. In this regards, vsRisk is an effective and efficient tool by identifying most important points and key issues right away, which focusing on threats doesn’t.

Major benefits of vsRisk tool:
1. It is the definitive ISO27001 risk assessment tool, compliant
with all the key information security standards – which means that
you can be certain that a vsRisk risk assessment will help you
achieve ISO27001 certification.
2. It is designed to be usable – your lead risk assessor and any
asset owners involved in your risk assessment are going to find
their task made easier
3. Unique features include the risk assessment wizard, which
standardizes the risk assessment process and guides asset owners
through the risk assessment process.
4. vsRisk creates a baseline from which future risk assessments can
easily be made.
5. vsRisk integrates with ISMS documentation toolkit, for even
greater usability.

“vsRisk™- the Definitive ISO 27001: 2005-Compliant Information Security Risk Assessment Tool, which automates and delivers an ISO/IEC 27001-compliant risk assessment and can assess confidentiality, integrity and availability for each of business, legal and contractual aspects of information assets – as required by ISO 27001. Providing a comprehensive best-practice alignment, it supports ISO 27001 and 27002 (ISO/IEC 17799) disciplines, and is ISO/IEC 27005 and NIST SP 800-30 compliant. It also offers a wizard-based approach that simplifies and accelerates the risk assessment process, plus integrates and regularly updates BS7799-3 compliant threat and vulnerability databases.”

The key to successful Risk Management is to protect your most important/critical assets. The importance/criticality of an asset might change over time. That is another reason to automate security risk assessment process to recalibrate your risks based on current state of security.

Risk Management to ISO27001/NIST Wizard-based risk assessment tool Simplifies compliance – To buy vsRisk tool!

Meet Stringent California Information Security Legislation with Comprehensive Toolkit

ISO27001 EXPERTS CAN HELP COMPANIES MEET STRINGENT CALIFORNIAN …
EIN News (press release) – Netherlands
vsRisk™- the Definitive ISO 27001: 2005-Compliant Information Security Risk Assessment Tool, which automates and delivers an ISO/IEC 27001-compliant risk …

Tags: asset owner, automate security risk assessment, baseline, california, isms, iso 17799, iso 27001, iso 27001 certification, iso 27002, iso 27005, nist sp 80-30, sb 1386, vsrisk

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