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 November 2007
Tech News

Property Management Systems Committee Begins Work on Standards for Sensitive Property and Cyber Security

ASTM International Committee E53 on Property Management Systems has begun developing new standards to address the beginning of a challenging new era for asset managers – the era of lost laptops. Understanding how organizations reached this point – where entities are losing an increasing number of sensitive assets such as computers, some with sensitive information stored in the memory devices – is a multifaceted task, but is critical to forming solutions that will ensure fewer losses and without undue delay. The proposed new standards will be developed by Subcommittee E53.02 on Data Management.

“Our objective is to establish standards that will define methodologies to identify sensitive assets, categorize the risk associated with each asset type, and based on the risk category, offer guidance on process activities such as the level of resources that an organization might expend on protecting sensitive assets,” said Jerry Hanley, E53 subcommittee chairman.

The volume of mobile information technology assets that is entering organizational inventories is growing at an incredible rate and is redefining how the property management profession is managing organizational inventories. Compounding the problem is the fact that IT assets are much smaller, cheaper and easier to acquire. The new ASTM standards will help organizations implement processes to identify and control sensitive assets such as IT through its life cycle.

Today, protecting IT assets is a top priority for organizational leadership because it is now recognized that failure to do so can result in litigation, the loss of proprietary or sensitive information, violation of statutory or regulatory requirements and perhaps most importantly, a negative impact on national security.

“The sense of urgency is evident and ASTM’s E53 Committee aims to proactively respond to this urgent challenge,” says Hanley. //

Technical Information: Jerry Hanley, U.S. Department of Energy,
Washington, D.C.
Phone: 202/287-1563

ASTM Staff: Christine Sierk
Phone: 610/832-9728

Upcoming Meeting: July 27-31, 2008
Reno, Nev.
In conjunction with the National Property Management Association National Education Seminar