The present invention is directed to a system and method for dynamically, segregating storage resources, pooling such resources into groups, assigning and associating security attributes with those groups. The present invention is further directed to protecting storage media within a shared mass storage device in a network computing environment by utilizing the security attributes. The system of the present invention incorporates a client/server and networked storage device infrastructure that allows dynamic and automatic support of access to storage devices from a plurality of client/server systems on a network.