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Risk management policies should weigh asset values for prioritization

September 26, 2014

Risk management policies should weigh asset values for prioritizationA recent report by InformationWeek noted that it is important for decision-makers to understand they cannot guard against every type of vulnerability, especially as the digital landscape continues to evolve. Knowing this, executives should establish a risk management strategy that incorporates robust document security and data protection policies.

To begin these strategies, decision-makers need to evaluate their assets and determine which solutions need more protection than others. By prioritizing overall security initiatives based on the damage that would happen if specific resources were exposed, companies can reduce the chances of inadvertently exposing confidential data, InformationWeek noted.

However, each corporate asset can be valued differently, depending on financial worth or the opportunity cost of losing that resource. For this reason, organizations should assign different risk scores to weigh which initiatives must be prioritized, according to InformationWeek.

After appraising different resources, decision-makers can launch varying document protection and general security strategies to keep all digital assets protected. Implementing a document rights management platform, for example, will help eliminate unauthorized viewing and usage of sensitive information by individuals without the proper authentication.

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