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Asset Management

What is Asset Management?

The systematic process of identifying, classifying, tracking, and managing an organization's information assets throughout their lifecycle to ensure proper protection.

Information Security

Each of these is named in at least one of the same controls as asset management. The number is how many controls name both.

What the standards actually require on asset management

Requirements naming asset management across 6 standards, quoted from the control text.

ISO 55001:202431 controls

The organization sets up an asset management system, runs it, keeps it going and keeps making it better, together with the processes the system needs and the way those processes interact, as the standard requires.

iso-55001-2024::4.4 · Asset management system →
ISO 55001:201424 controls

The organization sets up, runs, maintains and continually improves an asset management system, together with the processes it requires and the way those processes interact.

iso-55001-2014::4.4 · Asset management system →

Advanced control principles for it asset management (required, with baseline and intermediate, of an AI whose inherent risk is high). Supply chain risk is reviewed before acquiring mission-critical information systems and components;

hkma-cyber-resilience-assessment-framework-c-raf::2.1.A · 2.1 IT asset management: advanced level →
Saudi NCA ECC3 controls

Cybersecurity requirements for managing the entity's information and technology assets are identified, documented and approved.

saudi-nca-ecc::2-1-1 · 2-1-1 Asset management requirements defined and approved →

The entity must document and implement an ICT asset management procedure that sets the criteria for assessing the criticality of information assets and ICT assets supporting business functions.

dora-rts-on-ict-risk-management-framework-commission-delegated-regulation-eu-2024-1774::5 · Article 5: ICT asset management procedure →

Questions people ask about asset management

What is Asset Management?
The systematic process of identifying, classifying, tracking, and managing an organization's information assets throughout their lifecycle to ensure proper protection.
Why is Asset Management important for compliance?
Asset Management is a key concept in Information Security. Understanding asset management helps organizations meet regulatory requirements, reduce risk, and demonstrate due diligence during audits. Our compliance platform maps 1,016 frameworks with 316K cross-framework control mappings.
Which compliance frameworks address Asset Management?
Asset Management appears in the requirement text of ISO 55001:2024, ISO 55001:2014, FFIEC Cybersecurity Assessment Tool (CAT), HKMA Cyber Resilience Assessment Framework (C-RAF), Saudi NCA ECC. Across these standards we have identified 77 controls that name it directly, each linked to the control text on the compliance platform.
Where can I learn more about Asset Management?
Explore our compliance framework pages to see how asset management applies across different standards and regulations. Our implementation guides provide step-by-step guidance, and the compliance platform offers AI-powered analysis of how this concept maps across 1,016 frameworks.

See how Asset Management applies across compliance frameworks

Our platform maps 1,016 frameworks with 316K cross-framework control mappings. Explore how this concept is addressed across standards.

Written and maintained by Gerard Blokdyk, The Art of Service.