There are several good reasons to classify data and information. Not all data has the same value to an organization. Some data is more valuable to the people who are making strategic decisions because it aids them in making long-range or short-range business direction decisions. Some information, such as trade secrets, formulas, and new product information, is so valuable that its loss could create a significant problem for the enterprise in the marketplace by creating public embarrassment or by causing a lack of credibility.
For these reasons, it is obvious that information classification has a higher, enterprise-level benefit. Information can have an impact on a business globally, not just on the business unit or line operation levels. Its primary purpose is to enhance confidentiality, integrity, and availability and to minimize the risks to the information. In addition, by focusing the protection mechanisms and controls on the information areas that need it the most, you achieve a more efficient cost-to-benefit ratio.
Information classification has the longest history in the government sector. Its value has long been established, and it is a required component when securing trusted systems. In this sector, information classification is used primarily to prevent the unauthorized disclosure of information and the resultant failure of confidentiality.
Information classification is also used to comply with privacy laws or to enable regulatory ...