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EURIM Value of Information Subgroup

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Valuation of information assets

Carnegie Mellon University, Sponsored by US Dept of Defence, Information Asset profiling, June 2005
http://www.cert.org/archive/pdf/05tn021.pdf

Report recommends an Information Asset-centric approach as against a vulnerability–centric approach as the most effective way of achieving info security risk management. It outlines a 6 stage Info Asset Profiling (IAP) process (eg identifying info owners, where stored & processed etc) including how to ‘determine the information asset value’. The latter includes the need to identify the contribution to the organizations goals or potential to impede goal achievement, the value derived from its use, the impact of its loss or unavailability.

It references US Federal Govt guidance on how to determine value [FIPS Publication – NIST 04a, NIST Special Publication – NIST 04b] Gives an example of the patient medical record (eg unavailability or loss could cause fines, legal suits, lower staff effectiveness, poor quality care and even death, though no $ figures)

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