Corporate Governance for Information Systems Security

Corporate Governance for Information Systems Security

Introduction

The purpose of this paper is to highlight the corporate governance from the IT perspective, as it is necessary for enterprise risk management for better defensible management practices. In this regard, management establish a control position in a way that an organization can demonstrate prudence and be able to held accountable to regulators, shareholders and stakeholders. Therefore, to give the readers a proper understanding of the system, the paper covered the issue 'why should organizations incorporate security intro their governance efforts?' However, to provide a deep insight knowledge security governance principles are highlighted, secondly the involvement of stakeholders in IT governance is pointed out and also the role IT professionals in corporate governance also considered.

Discussion

Security Governance Principles

For the better security of the information and strengthening the information sources, the private sector encouraged to implement and incorporate information security into its corporate governance efforts. One thing that need to be considered that information security is not solely a technical issue but still it often treated that way. For instance, if the businesses, educational institutes and non-profit organizations need to make significant changes in securing their information assets, executives need to make sure that information security must be considered as an integral part of core business practices.

As per the Corporate Governance Task Force, ISG (Information Security Governance) efforts will be most successful if it conducted voluntarily because by using appropriate guidance and tools, the corporate sector can eventually rise to the challenges set out by the government in the National Strategy to Secure Cyberspace (Bodeau, et. al., 2010). The basic principle of Information security governance is that it is an essential component of successful organizational management. The reason is that fragile state of information security demanding immediate steps that need to be taken to ensure the data security. In this regard, it is important to highlight that many organizations have only begun with the initiative of considering the information security as an integral part for their business model, however, a change in mindset is required to achieve the goals that set in accordance with integrating information security into corporate governance. An IDEAL model is attached in the appendix for the organizational improvement that actually served as roadmap for begining, setting up, and execute the advance actions.

Therefore, the principles of ISG if properly implemented by the organizations is known as the first step in incorporating the information security. Similarly, if more emphasis given on the information security, it will be added to organization's overall reputation and thus strengthen its security in the long run (Allen, 2009). Secondly working on the security governance principles, assessment tool for security governance is stated, which is divided into four different sections;

Risk Management; assessing risk management process because it is associated with formulating the program and strategy for information security.

Business Dependency; determining an organization's dependence on information technology for business continuation as well as focus is on the degree of sector regulation and ...