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Keep your classification system simple with High, Medium, and Low.Assets that contain client information or proprietary company information would obviously have the highest level of importance while assets that contain company marketing information might be given a low classification.Asset: Network server that contains your company data Classification: High because it contains classified and irreplaceable date.
Here is an alarming statistic that all small businesses should be aware of regarding data security leaks.
Once again keep it simple, and just use High, Medium, and Low classifications.
The final step of the risk assessment process is to determine the level of risk you are willing to accept, and apply controls to manage the risks.
Risk Assessment of Information Assets The final step would be to develop a risk assessment either for each asset class (eg.
computers, phones, paper, etc) or for each asset classification (high, medium, low), and determine the risks you are willing to accept.