Information Risks and Risk Management

This brief will cover the various exposures that companies now face as they increasingly rely on twenty-first century technology. It will cover information in all forms and the new perils that put this information at risk. Classification of data into categories will determine the type and degree of risk. The types of processes and controls that firms can implement to minimize these risks will be examined. Within each section, targeted references and tips are provided for further insight. Finally, the paper will address the steps needed to react, respond, and remediate in the event of an untoward event. As a postscript, the paper will also cover the forms of insurance available to help alleviate the financial pain often associated with these types of events.