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In order forus to prioritize our existing applications, the first thing we need is an inventory of applications. The focus will be on categorization of applications and segregating them into high, medium and low risk applications based on the overall risk rating we’ll derive through ahybrid approach discussedin this article. The aim of this article is to introduce users to a methodical approach to securing an organization’s existing applications or products keeping in mind future requirements that a security team will encounter(i.e. We’ll limit our scope of discussion only to applications in this article.However, from an organization’s perspective, applications are just one set of assets it possess, and there are other such assets which needs to secured as well. There may be other factors based on which we can prioritize securing these applications. A single word answer to all our problems is “prioritization.”We need to have a clear understanding of the risk profile of our existing applications.

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