There is no doubt that we humans would have never reached this world of connected Cars, 3d printing and Space travel without trading on each other's resources . We traded what we had for the things we didn't! The world has never been as interdependent as it is right now. This is true for us as an individual and certainly for organizations across geographies. The word "outsourcing" started getting traction in around 90s, but even before that organizations were heavily using it to reduce cost and allow themselves to focus of their core business area. Family owned businesses initially outsourced a small part of their work within their circle of friend and family considering the trust factor, but as the corporation grew and the economy went global , organizations started delegating part of their work to people living on the other side of the globe. Slowly and steadily organizations have reached to a state where they don't even know who their supplier is! The trus...
Auditee : Hi There ! Welcome, What would you like to have? Tea or Coffee? Auditor: Asset Register ! A comprehensive Asset Register is something which is quintessential for any risk management program. Everything that has to do with risk, follows from here. Information Security Risks are no different that any other type of risks. Having a few people (rarely security pro) building asset register will probably mess up any risk management at the very first stage. It has been seen that people generally miss to address technologically advanced assets (The ones they did not understand a few years ago) to register in their asset inventory. The most obvious are the virtual machines. Every day ,Virtual Machines (VM) are being created on the fly as per business requirement, many of them persist for years and many not so much. There are many questions like: if that particular VM is of some value? Do I need to consider it as valuable at this point of time, whe...