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Security Officer
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Nowadays information is a major factor of production - information technology is the nervous system of a company. Availability and Integrity of this infrastructure is critical for business processes, which you can see in the laws and sentences(germany: AktG, GmbHG, HGB,..) (USA: HIPAA, Gramm Leach Bliley, Sarbanes Oxley,..) which holds CEO,.. responsible for risk monitoring and management.
Not only of physical values resp. damage because of fire, water or vandalism also loss because of data destruction, manipulation or disclosure, organisational lacks, technical negligence, sabotage, and so on. But you also have to see the economics for securing IT. In calculations you see risk costs mostly as fixed insurances costs. Insurances compute and are covering classical risks - risks for detriments of data and information is not covered, and for this reason not considered in calculations. Not considering this costs in the calculation means not, that they are not here and may arise.
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Historic grown and in the meantime inefficient and inadequate security solutions are a competitive disadvantage - which can be shown with "Return on Security Investments" calculations.
Consideration of the IT - Security targets with active risk management and thereby efficient handling of risk, is a fundamental part of IT-Governance. You may also talk about Security Governance, the effective control of IT-Security, which should be the intents and purposes of IT-Security-Management.
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