Asset identification and threat analysis are two critical elements of any organization when it comes to information technology. This is mainly because they offer an organization an in depth analysis of its assets as well as ensuring that it understands its vulnerabilities.
One of the similarities between asset identification as well as threat analysis is they are multi stage processes. Both processes are carried out through a number of stages. For example, according to CSE & RCMP (2007), threat analysis is a multistage process that takes five critical stages to complete with each stage leading to the next stage. On the other hand, asset identification is a four-stage process. In order for both to be successful, they need to be carried out in excellent stages. Another similarity according to CSE & RCMP (2007) is that both identification as well as threat analysis is part of the TRA Processes. Asset identification is the second phase of TRA while threat assessment is the third phase of TRA. In this respect, they are both involved in the data gathering and analysis part of the TRA process. This implies that the both utilize data collection techniques (CSE & RCMP, 2007).
The main difference between the two processes is that asset identification mainly involves collecting information on the different information about assets that are owned by an organization. It also involves assessing injuries as well as assigning asset values. On the other hand, the threat analysis process mainly involves the identification and definition of threats that face an organization. It also involves the process of mitigating the risks faced by the organization.
In my opinion, the threat assessment method is the most appropriate for an organization. This is mainly because the process will help an organization determine, define, and mitigate any threats that may face the organization. This means that an organization will be able to protect itself from potential threats (Stoneburner, Goguen, & Feringa, 2002).
CSE & RCMP (2007) Harmonized Threat and Risk Assessment Methodology, TRA-1 Date: October 23.
Stoneburner, G., Goguen, A., & Feringa, A. (2002). Risk management guide for information technology systems: Recommendations of the National Institute of Standards and Technology. Gaithersburg, Md: U.S. Dept. of Commerce, National Institute of Standards and Technology.