Information Security (IS) in modern organizations is of vital importance. The modern age of technology brings some threats to information security, but most come from internal factors. Businesses ensure the need to safeguard information by analyzing the information security risk to the business. Risk is managed by defining and implementing information security policies. The document highlights that senior management support is essential in almost all decisions aimed at protecting information assets. Access controls and privileges help ensure information security. Investments in information security controls depend on measuring the impact of threats on the business. The paper concludes that the safety culture within an organization is the key factor influencing the effective use of safety measures and policies. All representatives of an enterprise should be made aware of their responsibility regarding information security which results in the framing of IS culture within an organization.1. IntroductionDue to globalization and advancements, more and more businesses are dependent on the Internet and information systems. But it poses information security risks. Organizations have become aware of security breaches and attacks due to vulnerabilities, technical issues, etc. and are investing in IS measures (Bojanc & Jerman-Blazic, 2013). According to Glazer (1993, cited in Doherty & Fulford, 2005), information is a strategic resource for organizations used in strategic planning, control of daily processes and judgments. The paper provides a comprehensive study of the existing literature to paint a clear picture of the vital fundamentals of protecting corporate information assets. The paper highlights the need for a gap analysis between… middle of paper… parties' contracts should have documented security policies when accessing company information (Alexander et al., 2013). Top management should be involved and remain involved in safety decisions. This is critical since most decisions concern outsourcing and partner companies (Johnson & Goetz, 2007). 2.2.5 Information Security Risk Management Risk management means identifying risks, accessing their likelihood and then using measures to reduce them. The objective of IS risk management is to specify relevant controls. The selection of IS controls for risk management depends on some factors such as initial implementation and maintenance costs, global acceptance of controls for multinational enterprises, etc. (Peltier, 2013). Risk assessment is part of BIA (business impact analysis) and measures the probability and losses due to a threat (Alexander et al., 2013).