The use of big data in various fields has led to a rapid increase in a wide variety of data resources, and various data analysis technologies such as standardized data mining and statistical analysis techniques are accelerating the continuous expansion of the big data market. An important characteristic of big data is that data from various sources have life cycles from collection to destruction, and new information can be derived through analysis, combination, and utilization. However, each phase of the life cycle presents data security and reliability issues, making the protection of personally identifiable information a critical objective. In particular, user tendencies can be analyzed using various big data analytics, and this information leads to the invasion of personal privacy. Therefore, this paper identifies threats and security issues that occur in the life cycle of big data by confirming the current standards developed by international standardization organizations and analyzing related studies. In addition, we divide a big data life cycle into five phases (i.e., collection, storage, analytics, utilization, and destruction), and define the security taxonomy of the big data life cycle based on the identified threats and security issues.