ISO 27001 Annex : A.8 Asset Management

A.8.1 Responsibility for Assets

ISO 27001 Annex : A.8 Asset Management Its objective is to identify and establish acceptable security responsibilities for the organization’s assets .

A.8.1.1 Inventory of Assets

Control- Assets related to information and information facilities of an organization should be identified and listed, inventory of these assets should also be maintained.

Implementation Guidance- An organization will identify important assets in the information lifecycle, and document their importance. The life-cycle of information should include creation, processing, storage, transmission, deletion, and destruction. Documentation of specific or current inventories should be maintained, as per need.

The inventory of assets should be accurate, up to date, compatible, and matched with other inventories. The ownership of the asset should be allocated to each of the specified assets and the classification should be specified.

Related Product : ISO 27001 Lead Auditor Training And Certification ISMS

Other Information- Asset inventories help to ensure adequate protection for certain purposes such as safety and health, insurance, or financial (asset management) reasons. This may also be achieved for other required factors.

As with humans, life is their greatest asset, similarly, the organization too have its assets. when you keep yourself safe and stable, you live longer, in the same way, if the company keeps its assets protected, its reputation and success on the market lasts longer.

For a healthy business, identifying the assets, making an inventory of the assets, and assigning an owner to the assets is important. The guidelines for and the implementation of these Asset Management Guidelines are provided in Annex A.8. At Infosavvy we have our trainers as our assets who are skilled and well-trained in various courses in the field of information security and we are also eligible for one of the most important certificates in the area of information security. i.e. IRCA CQI ISO 27001:2013 Lead Auditor (LA) and ISO 27001 Lead Implementer (LI) (TÜV SÜD Certification) . Our trainers can empower you to do better asset management by providing you with in-depth information and numerous examples for the same, helping the applicant to improve their skills and do well.

ISO / IEC 27005[11J offers a list of assets to be taken into account by the organization. A critical risk management requirement (such as ISO / IEC 27000 and ISO / IEC 2700511) is the framework for compiling asset listing.

A.8.1.2 Ownership of Assets

Control- Assets in the inventory should have their owners (Asset-owner)

Implementation Guidance- Individuals who qualify as asset owners are management authorized and are responsible for the asset whole throughout its life cycle.

A process is usually enforced to make sure timely assigning of asset ownership. Ownership should be allocated when creating assets or transferring assets to the organization. The owner of the asset should adequately manage the asset over the entire asset life cycle.

Responsibilities of the asset owner are as follows:-

– Ensuring the proper inventory of the assets

– Ensuring proper classification and security of the assets

– Defines and regularly updating access constraints and classifying important assets taking into consideration the existing access management policies;

– Ensuring proper management of assets when they are deleted or destroyed

Other Information- The defined owner may be either a person or an entity that has authorized management control over an asset’s entire lifecycle. The defined owner doesn’t necessarily have ownership rights to the assets.

Routine duties may also be assigned, for example to a custodian who takes care of the properties on a day-to-day basis, but the responsibility remains with the owner.

It can be helpful to identify groups of assets that function together to provide a specific service for complex information systems. In this situation, the owner is responsible for the delivery of the service, including its asset operation.

Also Read : ISO 27001 Annex : A.7.3 Termination and Change of Employment

Questions related to this topic

1. What exactly is ISO 27001 Annex : A.8 Asset Management?
2. What does an asset management company do?
3. What are the types of asset management?
4. Why is asset management important?
5. What are the controls of ISO 27001 Annex : A.8 Asset Management?

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