Question

Identify 5 components of asset security standards and governance and discuss their impact on an organization.

Answer 1

5 components of Asset Security Standards and Governance are as follows:

• Asset classification and control:
  • An organizational security infrastructure is developed to protect the various assets of the company
  • Helps in facilitating the safety of company’s assets
• Physical and environmental security:
  • The physical environment, surrounding the asset is modified to facilitate its overall security
  • Any kind of external or environmental factor cannot meddle with the organization’s asset and contaminate its credibility or quality
• Access control:
  • Access to the organization’s assets is controlled and limited only to people with authorized access
  • Unauthorized access is completely restricted
• Compliance:
  • The asset security and maintenance must comply with various regulatory, legal as well as statutory compliances of the company
  • This helps in maintaining the security as well as asset maintenance standards
• Information security:
  • Details regarding the asset of the company must be protected
  • Any kind of information breach is controlled