White Papers for Health Insurance Portability and Accountability Act (HIPAA)

Analysis of Business Driven Metrics: Measuring for Security Value

Intellitactics

There has been a drastic shift in the importance of and interest in Information Security at the higher levels of organizations in recent years. Increasingly, organizations are finding that the amount of information needing protection is changing. Also, the increased regulatory climate has increased the risk that corporate officers have to accept. As a result, corporate officers are becoming insistent on being directly involved in the review and implementation of security within their organization.
As budgets for security have increased, the need to measure and understand how much value those investments are creating for the enterprise is increasing across management ranks.Vendors report to Frost & Sullivan that executives want to ensure that their spending is having the required effect and that any additional cost savings or return on investment is valued highly in selecting a technology for acquisition.
In a recent survey conducted by Frost & Sullivan, top IT decision makers at over 80 companies were polled for input on their interest in measuring security value, using metrics to measure value and their current practices for generating and communicating metrics.
Highlights of the survey indicate a high level of interest in security metrics. A significant number of companies are already engaged in the process with an even higher number of companies planning to implement security measurement in the next 12 months. How does your company compare?

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