This paper proposes a theory on information security. We argue that information security is imperfectly understood and aim to bring about an altered understanding of why efforts are made to engage in information security. The goal of information security is widely recognised as the confidentiality, integrity and availability of information however we argue that the goal is actually to simply create resources. This paper responds to calls for more theory in information systems, places the discussion in philosophical context and compares various definitions. It then identifies the key concepts of information security, describes the relationships between these concepts, as well as scope and causal explanations. The paper provides the theoretical base for understanding why information is protected, in addition to theoretical and practical implications and suggestions for future research.