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Asset Categorization

Identify all assets within the organization

Determine the purpose and importance of each asset

Classify assets based on their type (e.g., hardware, software, data, intellectual property)

Establish asset categories or classes (e.g., servers, laptops, databases, trade secrets)

Define criteria for categorizing assets (e.g., value, sensitivity, criticality)

Assign each asset to an appropriate category/class

Create an inventory list of all categorized assets

Include relevant details for each asset (e.g., name, type, location, owner, version, access rights)

Regularly update the asset inventory to reflect changes and additions

Evaluate potential risks associated with each asset category

Identify potential threats and vulnerabilities for each asset class

Assess the impact and likelihood of different risks occurring

Determine appropriate security controls for each asset category

Implement preventive and detective measures to mitigate identified risks

Ensure compliance with relevant regulations and industry standards

Establish a monitoring system to track the status and usage of assets

Conduct periodic reviews to ensure asset categorization remains accurate and up-to-date

Make adjustments to asset categorization based on changes in the organization or asset landscape

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