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Making and maintaining an asset register is considered a security best-practise practice and is a practical first step that will assist with other important requirements. A comprehensive asset registry is usually an important component to your insurance policy, accounting process or procurements procurement and as your organisation grows in its cyber security journey, it will informs inform your risk assessment as well as an incident response plan.
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Documenting all your assets helps you understand is the first step towards reviewing and understanidng the relative value of your information assets to your business and the impact if they were lost, stolen, or damaged. Once you have identified which assets are most important (valuable) to your business, you can apply adequate protection and the appropriate security budget to them throughout their life cycle.
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