Implementing data security measures implies associated business case risks which need to be examined and assessed in conjunction with the proposed security solution.
In every case, the risk to the organization must be reduced to an acceptable level. Here are some of the potential risks:
- Failure of the security solution to accomplish objectives
- Presence of residual security risks not addressed by the proposed solution
Risks need to be properly identified, evaluated and addressed. The impact of these risks can be minimized by proper project management and control of the implementation process. It is important to note that risks are events, not issues, and the probability of occurrence and estimated business impact, should be calculated and documented.
Business Case Recommendations
For security solution implementations, business case recommendations must be presented to describe the justification for the recommendations, clearly put forth to enable readers at all levels of the organization to quickly understand the extent of the investment the nature of the product, service or resources which will provide the solution.
As for any business case presentation, an executive summary should be provided to summarize the details to be found in the presentation. Executives authorized with approving the recommendations will need to have this summary presented in a format which will enable them to understand the concepts sufficiently to warrant approval.
In presenting the business case, it is important to state as many positive factors that support the recommendations, in particular, setting out why a particular option is the best. For example, it may deliver the best ROI, it is the most effective solution, or it is the only option that can meet current business needs or regulatory compliance requirements.
Senior executives will be most interested in the option which offers the lowest cost, so other key factors, compliance, operational risk, and business enhancements, need to be emphasized. A major consideration in making a final decision is the support provided to other departments in the organization.
Protecting Corporate Property and Investments
Increasing security risks in the corporate environment, particularly those from targeted intrusions by experienced hackers, emphasize the requirement to implement effective security solutions using database assurance technology. Software security solutions are now available which enable organizations to re-evaluate their corporate systems to determine the best methods for protecting corporate assets, and to incorporate these security solutions in their corporate system structure.
Legacy investments need dynamic protection methods which can adapt with changing security threats, without increasing overhead costs or interfering with business processes.
Digital security in today’s corporate environment is progressing to being much more than an after-thought to functioning as an integral part of a business operation. Risk assessment of security issues has created business cases for security solutions which require a different set of assessment criteria than for traditional and more common business case proposals.
Corporate management needs to have a well-presented and well-documented business case, spelling out in detail the key requirements, business considerations and other elements of the proposal to obtain approval for the necessary expenditures for the selected security solution. There are significant benefits to be achieved for an organization which conducts the proper analysis and assessment of the risks and develops an appropriate security solution for database assurance, which takes account of these risks and delivers a positive ROI. These are the steps which have the potential for putting an organization ahead of any intrusion attempt.