In today’s business landscape; ideas, innovation and knowledge make up around 80% of an organisation’s value. A company’s worth is no longer strictly tied to their tangible goods and products, but to their intellectual property, virtual products and confidential business data.
The importance of taking steps to reduce the risk of an online attack is clearly important in today’s digital age, but for many organisations, cyber security might fall to the end of a long list of priorities. However, with the majority of an organisation’s value made up of intangible assets, the reality of a breach will put all other priorities on a back burner. In order to protect their assets, every business, establishment, school and hospital must acknowledge the importance of information asset protection.
Information Lifecycle Management (ILM) “is an approach to data and storage management that recognises that the value of information changes over time and that it must be managed accordingly. ILM seeks to classify data according to its business value and establish policies to migrate and store data on the appropriate storage tier and, ultimately, remove it altogether.”
An organisation’s greatest value virtual assets can be categorised as their ‘crown jewels’, indicating the high impact that piece of information can have on the organisation if exposed to threats.
With two thirds of large UK businesses hit by cyber breaches or attacks in the past year, it is key that organisations are able to correctly identify their information assets and protect them accordingly.
Do you know how to identify a crown jewel?
‘Crown jewels’ require advanced, balanced protection that is fast, automated and comprehensive. It is key to correctly evaluate and identify the level of protection your data requires as the prospect of ineffectively identifying a ‘crown jewel’ can result in wasted resources, time and money by providing protection to a minor information asset.
In order to effectively identify crown jewels within a company, it is key to assess the strongholds of the organisation and where it draws its power in the market from. This can range from technological information regarding virtual products, confidential client information, key data or business plans. Once the ‘crown jewels’ have been identified, it is then key to assess your threats, assets and protection.
Who’s responsibility is it to identify where security measures are needed and put them in place?
This responsibility usually falls to the board and other high levels of authority within an organisation. It is key that they are able to identify what the ‘crown jewels’ are and how they are protected. If these informations assets are not effectively protected, the question is why? The risk of a damaged reputation, data loss or financial damage are too great to any organisation and warrant protection.
A Smooth Solution
Our dedicated team can create a tailored Smoothwall solution that can protect your network and minimise risk posed by external threats. Our next generation firewall combined with our innovative web filter protects your organisation, local government or school against threats to your network.
If you would like to find out more on how our solutions could help your company protect your online assets, get in touch today.