IT Asset Management
Adopt best practices to improve accountability and communication
IT Risk assessment process for information technology assets should be planned, executed and monitored on real-time basis to meet requirements of regulations and frameworks. Risk assessment can be a very powerful tool to analyze and mitigate threats to the information technology assets from various sources such as natural disasters, employees, hackers, the Internet, equipment or service malfunction or breakdown.
IT risk assessment should include core processes such as information gathering, analysis, and determination of security vulnerabilities within the organization's hardware and software environment, and information technology practices. A risk assessment program shall include an inventory of IT assets, IT policy and procedures impacted assessments and prioritization of data security vulnerabilities, and implementation of controls to mitigate identified vulnerabilities.