Asset Security

5 minutes 5 Questions

Asset Security deals with the protection of an organization's critical information assets throughout their lifecycle. This includes proper identification, classification, ownership, handling, and disposal of assets. It ensures the protection of sensitive data from unauthorized access, modification, or destruction by implementing access and information flow controls. A robust asset security strategy relies on the implementation of protocols like data classification and data management, in addition to the application of encryption and data loss prevention techniques. Employees should also be educated on how to safeguard assets and the importance of adherence to information-handling procedures.

Asset Security: A Comprehensive Guide

Asset security pertains to the methods and procedures put in place to ensure the preservation and integrity of an organization's key assets. These can range from intellectual property rights, financial information, employee details, client data, and more.

To understand why Asset Security is crucial, think of it as building a fortress around your high-value targets. With advanced and escalating cyber threats, it’s imperative to safeguard sensitive information from unauthorized, unintended, or inadvertent alteration or destruction.

It includes following frameworks and protocols, such as risk analysis, classification of assets, employment background checks, and more, to prevent unauthorized access, use, disclosure, disruption, modification, inspection, recording or destruction.

Exam Tips: Answering Questions on Asset Security:
1. Understand the Principles: Ensure you grasp the fundamental principles of asset security. Knowing how it works is key to applying its principles in various scenario-based questions you may encounter in the exam.
2. Focus on the Goal: The objective of asset security is to protect and maintain the organization's assets. Make sure your answers reflect this central point.
3. Grasp of Terminologies: Be sure to understand the lingo related to asset security. This is crucial in decoding difficult or complex questions in an exam.
4. Practice: The more questions you tackle on asset security, the more you become familiar with the format and wording style of the questions. Practice also helps to consolidate understanding and application of asset security concepts.
5. Scenario-based Questions: When faced with scenario-based questions, aim to identify the type of security risk posed in the scenario, the assets involved and how their values affect the risk assessment.

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Question 1

A company experiences a security incident due to a stolen employee laptop. What should the company implement to reduce the risk of data exposure in case of future incidents?

Encrypt sensitive data stored on the laptop. Disable the laptop's USB ports. Enforce a strict dress code while handling laptops. Require employees to use only desktop computers.

Correct Answer: Encrypt sensitive data stored on the laptop.

Encrypting sensitive data on laptops helps protect the information in case the device is stolen or lost. The other answers are either not effective in mitigating the risk of data exposure, or unrelated to the problem.

Question 2

A healthcare provider wants to ensure that Protected Health Information (PHI) is only accessible to authorized personnel. Which strategy would be most effective?

Block incoming and outgoing email communication. Provide all employees with admin-level access to PHI. Store PHI on employees' personal devices. Implement Role-Based Access Control (RBAC) for accessing PHI.

Correct Answer: Implement Role-Based Access Control (RBAC) for accessing PHI.

Role-Based Access Control (RBAC) protects sensitive information by granting access based on job roles and responsibilities, ensuring that only authorized personnel can access PHI. The other answers either do not effectively limit access or introduce security vulnerabilities.

Question 3

A retail company needs to provide temporary workers with access to Point of Sale (POS) systems during the holiday season. What security measure should be implemented to ensure they return their access cards after their work period is completed?

Only allow temporary employees to access POS systems under close supervision. Collect all temporary workers' personal belongings as collateral until the cards are returned. Charge temporary employees a refundable deposit for access cards. Implement a check-out/check-in process and set temporary accounts with expiration dates.

Correct Answer: Implement a check-out/check-in process and set temporary accounts with expiration dates.

A check-out/check-in process with temporary accounts and set expiration dates allows the retail company to keep track of issued access cards, and automatically revokes access privileges after the work period. Other answers may be impractical, intrusive or not provide adequate security.

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