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January 10, 2024

Creating an Accurate IT Asset Inventory Tracking

Creating An Accurate It Asset Inventory Tracking

Effectively securing an organization starts with knowing what assets need protection. This requires an accurate and up-to-date inventory of all hardware and software components deployed. Without strong IT asset management practices, security teams lack context around the attack surface and assets most requiring safeguards.

Many organizations struggle to keep inventories current in dynamic environments with continual asset refreshing and decommissioning. What pragmatic steps can security operations managers take to streamline inventory tracking?

Regular Audits and Documentation

The foundation for an accurate inventory is conducting frequent audits and reconciliations while maintaining supporting documentation. Strategies include:

  • Perform periodic physical inventory checks counting assets and validating against records.

  • Cross-reference software license documentation against installed applications.

  • Identify and document discrepancies for immediate correction.

  • Archive comprehensive licensing and inventory details within centralized repositories for future reference.

By regularly validating inventory accuracy and addressing identified gaps, teams can fulfil audit requirements while enabling reliable security assessments.

Leveraging Technology and Automation

While audits provide validation, properly tracking daily asset movement is equally crucial. The velocity of modern IT environments demands technology to enable real-time tracking and oversight.

Solutions like RFID tagging, barcode scanners and IT asset management software enable automation such as:

  • Automatically scanning tags or device identifiers during provisioning or decommissioning.

  • Integrating with procurement and configuration management systems to log events.

  • Generating updated centralized reports on hardware and installed software.

Embracing automation simplifies asset tracking while increasing accuracy as human errors are removed from manual data entry.

Strict Tracking and Control

Even with advanced capabilities, disciplined tracking and governance processes are essential for inventory integrity:

  • Assign unique identifiers to company-issued devices to simplify tracking and association.

  • Enforce checkout authorization procedures for temporary asset removal.

  • Perform routine inventory spot checks with actual vs. recorded audits.

  • Enable traceability by linking assets directly to end users in the inventory system.

  • Secure physical storage locations like IT closets and computer labs.

Strict governance prevents assets from falling off the radar while strong association to employees deters theft.

By emphasizing periodic audits, utilizing modern tracking tools, and enforcing robust governance, security leaders can transform inventory practices to enable precise asset monitoring. Maintaining this accurate contextual baseline empowers risk assessments and paves the way for stronger protection of critical business assets.

For additional asset management security insights, explore Gartner’s Three Priorities for Security and Risk leaders guide.

We hope this post helped in creating an accurate IT asset inventory tracking. Thanks for reading this post. Please share this post and help secure the digital world. Visit our website,, and our social media page on FacebookLinkedInTwitterTelegramTumblrMedium, and Instagram and subscribe to receive updates like this.  

Arun KL

Arun KL is a cybersecurity professional with 15+ years of experience in IT infrastructure, cloud security, vulnerability management, Penetration Testing, security operations, and incident response. He is adept at designing and implementing robust security solutions to safeguard systems and data. Arun holds multiple industry certifications including CCNA, CCNA Security, RHCE, CEH, and AWS Security.

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