IT Security Frameworks: Risk Management Analysis and Solutions

The negative effects of information security events are growing globally due to the substantial growth and organizational reliance on information technology (IT). To resolve the information security attacks, vulnerabilities, threats and breaches, there‘s a need for standards that adapt the best practices so that appropriate security levels are accomplished and IT risk management frameworks demands a great change and thus need of new framework is paramount in current perspective. This paper examines most of the existing IT risk management frameworks by conducting the survey amongst various industries, their team leaders and their IT security team members. Following the detailed analytics of the existing models and discussion of various common control management techniques and challenges, this paper attempts to identify gaps in these models that can be resolved through a new framework that can enhance the security levels in IT sector