The document discusses the need for information security and the threats organizations face. It describes how information security protects an organization's ability to function, enables safe application operation, protects collected data, and safeguards technology assets. Common threats include intellectual property compromises, software attacks, quality of service deviations, espionage, human error, information extortion, missing security policies, sabotage, theft, hardware/software failures, technological obsolescence, and various types of attacks. Management must understand these threats and address information security in terms of business impact and cost.