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Asset Criticality Assessment

The organization shall conduct criticality assessments for assets to determine their importance to organizational operations and the impact of their loss or compromise. Assessments shall consider the asset's role in business processes, sensitivity of information, regulatory impact, and financial impact of loss.

Requirement ID
AST-002-R003
Parent Control
AST-002
Domain Code
AST

Requirement Details & Guidance

AST-002-R003 · AST-002
Why This Requirement Exists

This requirement exists to determine the importance and criticality of assets to organizational operations and objectives and to support accurate, accountable, and secure asset management.

Implementation Guidance

Establish a documented process for determine the importance and criticality of assets to organizational operations and objectives. Define accountable roles, required inputs and outputs, approval or validation points, evidence requirements, review frequency, and escalation criteria. Integrate the process with the authoritative asset inventory and related security, procurement, operations, and lifecycle processes. The organization should retain sufficient records to demonstrate that the requirement is operating as intended.

Practical Application & Audit Readiness

AST-002-R003 · Field Guidance

Business Examples

    Common Audit Findings

      Common Mistakes

        Best Practices & Ownership

        AST-002 · Recommended Approach

        Recommended Practices

          Typical Owner

          Cross-Mapped Regulatory Frameworks

          Harmonized Control Mappings
          FRAMEWORK CODE FRAMEWORK NAME & DETAILS FAMILY / CATEGORY VERSION ACTION
          IRDAI IRDAI Information & Cyber Security Guidelines IRDAI information and cyber-security requirements... Clause: §2.2-3.1 – Information asset profiling
          India
          Guideline
          		 vLatest View →
          RBI-CSF RBI Cyber Security Framework / Master Directions RBI cyber-security requirements and directions set... Clause: 1) Inventory Management of Business IT Assets – 1.1 Asset inventory incl. business/customer data, applications, infrastructure, facilities, key personnel and criticality; 1) Inventory Management of Business IT Assets – 1.2 Data/information classification by sensitivity
          India
          Regulation
          		 vLatest View →
          SEBI-CSCRF SEBI Cyber Security & Cyber Resilience Framework SEBI’s Cybersecurity and Cyber Resilience Framewor... Clause: 2.1 ID.AM: Asset Management
          India
          Regulation
          		 vLatest View →
          DORA Digital Operational Resilience Act The EU Digital Operational Resilience Act establis... Clause: Article 8(4) – Identification and mapping of critical information/ICT assets, configurations and interdependencies Article 8(6) – Maintenance and periodic updating of relevant inventories
          EU
          Regulation
          		 vCurrent View →
          HIPAA Health Insurance Portability and Accountability Act HIPAA is a U.S. federal law supported by implement... Clause: § 164.308(a)(13)(ii)(A) Criticality analysis
          US
          Law
          		 vCurrent View →
          NIS2 NIS2 Directive The NIS2 Directive establishes EU-wide cybersecuri... Clause: Article 21(2)(i) – Human resources security, access control policies and asset management
          EU
          Directive
          		 vCurrent View →
          PCI-DSS PCI DSS PCI DSS is an industry security standard maintaine... Clause: 12.5.1 – An inventory of system components that are
          PCI
          Standard
          		 v4 View →
          COBIT2019 COBIT COBIT is an enterprise governance and management f... Clause: 4.3 – Build, Acquire and Implement (BAI) > BAI09 – Managed Assets > BAI09.01 – Identify and record current assets. 4.3 – Build, Acquire and Implement (BAI) > BAI09 – Managed Assets > BAI09.03 – Manage the asset life cycle.
          COBIT
          Governance Framework
          		 v2019 View →
          ISO22301 ISO/IEC 22301 ISO 22301 specifies requirements for a Business Co... Clause: 8.2.2 – Business impact analysis
          ISO
          Standard
          		 v2019 View →
          NIST-CSF NIST Cybersecurity Framework (CSF) The NIST Cybersecurity Framework provides high-lev... Clause: ID.AM – Asset Management | ID.AM-05 – Assets are prioritized based on classification, criticality, resources, and impact on the mission
          NIST
          Framework
          		 v2 View →
          NIST80053 NIST SP 800-53 NIST SP 800-53 Rev. 5 presents control families, i... Clause: 3.16 – RISK ASSESSMENT; RA-2 – SECURITY CATEGORIZATION
          NIST
          Control Catalog
          		 vRev. 5 View →
          SOC2 SOC 2 Trust Services Criteria SOC 2 is an independent examination and reporting... Clause: CC2.1 – Information and Communication – COSO Principle 13: The entity obtains or generates and uses relevant, quality information to support the functioning of internal control. C1.1 – Confidentiality – The entity identifies and maintains confidential information to meet the entity’s objectives related to confidentiality.
          AICPA
          Audit Framework
          		 vLatest View →

          Parent Domain Context

          Governance Domain Baseline
          Domain Name:
          Asset Management (AST)
          Purpose:
          To manage the lifecycle of technology assets from procurement to disposal.
          Scope:
          Enterprise
          View

          Parent Control Context

          Control Baseline
          Control Name:
          Asset Classification & Criticality (AST-002)
          Summary:
          Establishes consistent asset classification and criticality assessment processes for technology and information assets based on business value, sensitivity, regulatory requirements, and operational importance.
          Business Description:
          Establish and maintain a standardized process to classify assets based on business value, sensitivity, criticality, regulatory requirements, and operational importance.
          View