Setting the Default Security Level for an issue security scheme
You can choose to specify a Default Security Level for your issue security scheme.
The Default Security Level is used when issues are created. If the reporter of an issue does not have the permission 'Set Issue Security', then the issue's security level will be set to the Default Security Level. If the project's issue security scheme does not have a Default Security Level, then the issue's security level will be set to 'None'. (A security level of 'None' means that anybody can see the issue.)
Basically, the default value is something that you have to determine.
For more details, please see https://confluence.atlassian.com/display/JIRA/Configuring+Issue-level+Security.
Hope it helps.
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