Why Does IT Asset Management Play a Vital Role in Data Security?

Data security is one of the most sensitive issues but still, lots of organizations ignore it. Whereas some organizations keep increasing the level of security. Data is the driving force for the organization. The establishment of a successful network safety technique is information about the climate.

IT asset management (ITAM) empowers associations to know what resources they have and where they are found, guaranteeing that all resources are followed so they can be gotten properly

According to Statista,  “The value of India's data security market in 2019 amounted to over eight billion Indian rupees. This was estimated to reach 21 billion rupees by 2025. This marked a CAGR (Compound Annual Growth Rate) of over 16 percent between 2020 and 2025.”

What Is Data Security?

Data security is important for all organizations as technology is evolving so are hackers. It is an essential practice so that data can be protected from unauthorized access.

Data is one of the most important assets for the organization. That is why data security is crucial.

Protecting data is important because it has extremely critical information stored that can be dangerous for organizations if data is stolen.

Also Read: How Tracking and Management of IT Assets Help Veterinary Clinics?

Powerful information security methodologies will ensure an association's data resource against cybercriminal exercises, yet they additionally guard against insider dangers and human blunder, which stays among the main sources of information penetrates today.

Data security tools help keep data security but when your organization is equipped with asset management software you do not have to worry about data security. As asset management software comes with cloud technology which means you get high data security.

As the cloud service provider will take the responsibility of data security and will keep data in multiple layer data security through which data theft will not be possible.

According to Statista,  “In 2020, the number of data breaches in the United States came in at a total of 1001 cases. Meanwhile, over the same year, over 155.8 million individuals were affected by data exposures - that is, an accidental revelation of sensitive information due to less-than-adequate information security.”

What Is the Role of IT Asset Management in Data Security?

Now that we have understood Data security's importance & how greatly it can impact organizations. Let us know how important IT Asset Management is in data security!

IT asset management is the basic requirement when data security is one of your main goals. To keep data secured IT asset management is significant. It is a continuous process that keeps on identifying potential risks and takes steps to eliminate risks.

The process of identifying the IT assets that your company owns on a continuous, real-time basis as well as the possible security threats or holes that influence each one cybersecurity asset management.

To resolve security concerns, you must first identify the threat which requires a thorough and accurate inventory of your assets as a result, cybersecurity assets management involves.

Also Read: The Importance of IT Asset Discovery in Your Business

Cybersecurity continually obtaining and updating all the IT resources. Find gaps related to asset presence. Continuously enforcing security to identify the gaps. It is important to discover and regulate hardware & software assets for proper IT management security purposes.

IT Asset Management Software Security Features

Asset management software has IT security features that emphasize the need for inventorying hardware and software so that the company knows where its assets are, who is using them, and is secured or not.

Poor asset management dramatically increases the risk of data theft and upsetting the business operation. Moreover, putting organizations at risk.

Hackers look at the weak link of the organization, for instance, they look for a system that has weak passwords, or no passwords at all, or a system that lacks antivirus. Asset management can address these issues efficiently and consistently.

Any gadget, asset, or administration that exists inside your IT bequest could be liable to dangers or weaknesses that lead to a break of the singular asset and your organization in general if aggressors utilize one compromised asset as a foothold to dispatch a more extensive assault.

In simple words, IT asset management can play a crucial part in enhancing security. Asset management security helps detect asset which is missing & helps in discovering vulnerable assets.

Moreover, it can send you alerts whenever any cyberattack places. Furthermore, cloud asset management security is also there so it increases the level of security as it keeps data in encrypted form so that data is secured.

Conclusion

One must understand the significance of IT asset management security for the sake of the organization. It keeps continuous monitoring of assets as well as data theft.

IT asset management security helps in discovering assets that are not adhering to the security policy. Furthermore, it has the feature of audit as well that allows you to verify assets physically & you can also keep track of each asset's condition.

Also Read: Difference Between Regular Asset Tracking and Asset Tracking in Hospitals

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Frequently Asked Questions (FAQs):

1. What is the role of Asset Infinity's asset management for security?‍

We ensure the confidentiality & integrity of your data with industry best practices. Asset Infinity servers are hosted at Microsoft azure & just like our customer care, our security team is one call 24/7 to respond to security alerts & events.

2. What are the benefits of IT asset management?‍

The benefits of IT asset management are discussed below:
1. Accurate asset tracking & inventory tracking helps in increasing productivity.
2. Alert & Notifications that helps in asset maintenance planning.
3. Avoid asset theft & misplacement that helps in keeping assets secured.
4. Asset maintenance scheduling helps in keeping assets safe from a breakdown.
5. Asset compliance helps in asset auditing.
6. IT asset management helps in resolving incidents quickly.

3. What are the examples of data security?‍

Examples of data security are cloud computing, incident response (resolving incident r tickets quickly), vulnerable management. Other than this ensuring compliance via continuous monitoring also helps in data security.