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All set to start with the first lecture in which we are going to define information and asset.

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Well, what is information and what is asset?

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According to ISO 9000, that is quality management system information is a meaningful data.

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Something that has a meaning or a fact provided is nothing more information.

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Your name, your address, your e-mail address is information, the place you work, the organization

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in you in which you are currently employed or your work is information.

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Your password is information.

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So facts provided or learned about something or someone is nothing but an information about what is

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an asset when it comes to security.

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You always will get to learn about this world asset.

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So what is an asset?

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An asset is an item thing or an entity that has potential or actual value to an organization.

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Now, asset is something that is very valuable to an organization as it can be information that is a

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meaningful data.

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It can be a software or hardware, for example, when it comes to any idea that you design, that is

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an asset for them.

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Right.

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Which has something very important.

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Value is an asset then services people.

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Yes, even people are assets.

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For example, consider a person who has worked in an organization for 15 years and now he has suddenly

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choose to, you know, resign.

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So that is like losing the asset for the company, his brain, the way he worked or, you know, the

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way he operated.

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That is an.

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Assets can also be intangibles, for example, the reputation and the image of you or your organization.

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Yes, that is an asset.

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So basically, to sum up, asset is something that has an actual value to an individual or an organization.

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Now, there are a set of applications, services, information technology, assets, and there are specific

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asset controls for maintaining the asset.

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Now, according to ISO, IEC twenty seven thousand one, that is information security management systems,

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there are four different controls for asset or control objectives for the asset.

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Don't worry, we are going to see the controls and the control objectives as well.

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But for the time being, let us foresee now according to that annex, it ought to dot one which defines

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the responsibility of assets.

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How should one handle the assets and what are the different controls associated with the asset?

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So, for example, inventory of assets, which means the organization should identify the assets and

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define appropriate protection responsibilities that comes under all this control of inventory of assets.

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So if if an auditor finds out that the protection responsibilities have not been defined, he will draft

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a nonconformity, saying that this controller.

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Let me take my pen.

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This control has been violated because the inventory of assets they can't control is not present.

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Similarly, ownership of assets, which means the assets associated with the information and the information

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processing facilities shall be identified and an inventory of assets shall be drawn up and maintained.

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This is the inventory of assets now.

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Ownership of assets, assets must be maintained in the inventory and they shall be owned.

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They shall be owned by an organization.

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There should be the person of the buyer, the receiver and the process that is being done with that

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asset.

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Then comes the acceptable use of assets, which means the rules for the acceptable use of information

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and of assets associated with information and information processing facilities shall be identified,

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documented and implement if there is a P.C. in your organization.

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And if nothing about that book is present in any of the records, there is no point of having that use.

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The auditors will question the existence of that device, right?

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So this should be acceptable use defined of that asset.

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And finally, is the return of assets, which means all the employees and external party users shall

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return all the organizational assets in their position upon the termination of the employment contract

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or agreement.

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For example, you have retired from your organization and your organization has been providing you with

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a laptop.

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So it is your responsibility to return those laptops.

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And according to this control, there shall be a process defined in order which the employee should

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return the asset to the organization because the laptop or the PC is an asset is a valuable thing for

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that organization.

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Well, this is about this lecture.

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To sum up.

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We saw what is information.

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We saw the definition of information along with the definition of asset.

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We also saw the different types of asset.

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And finally we saw the different controls that are being applied to information security management

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systems when it comes to asset management.

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I will see you in the next lecture.
