Which of the following is the BEST way to determine the value of information assets for risk management purposes?
Correct Answer: A
The best way to determine the value of information assets for risk management purposes is to assess the loss impact if the information is inadvertently disclosed, as this reflects the potential damage or harm that the organization may suffer due to a breach of confidentiality, integrity, or availability of the information. The loss impact can be measured in terms of financial, operational, reputational, legal, or regulatory consequences, depending on the nature, sensitivity, and criticality of the information. The loss impact can also help the organization to prioritize the protection and mitigation of the information assets, and to align the risk management strategy with the business objectives and risk appetite.
References:
*ISACA, IT Asset Valuation, Risk Assessment and Control Implementation Model1
*ISACA, Data Classification: What It Is, Why You Should Care and How to Perform It2