What is the business value of security and control processes

What is the business value of security and control processes?

Solution

The business value of security and control processes:

Lack of security and control cause serious legal liability and drop sales and productivity of the firms depending on computer systems for the core business functions. Information assets, such as private employee records, business secrets or confidential deals, lose value if they are exposed to outsiders or if they expose the firm to legal liability. New laws like HIPAA, the Sarbanes-Oxley Act, and the Gramm-Leach-Bliley Act, require companies to practice strict electronic records management and stick to firm standards for security, privacy, and control. Legal actions requiring electronic confirmation and computer forensics also require firms to pay more concentration to security and electronic records management.