Steganography is a science of hiding messages into multimedia documents. In steganography, there is a technique in which the least significant bit is modified to hide the secret message, known as the least significant bit (LSB) steganography. LSB encryption is used for hiding information in multimedia documents. After LSB encryption the multimedia documents is compressed by using Discrete Wavelet Transform(DWT) technique and for the retrieval of the original, the image is decompressed by Inverse Discrete Wavelet Transform(IDWT).By using LSB decryption the hidden information is separated from the multimedia documents. This research paper aims to propose a new improved approach for Information Security in RGB Color Images using a Hybrid Feature detection technique; Two Component based Least Significant Bit (LSB) Substitution Technique and Adaptive LSB substitution technique for data hiding. This is used to provide Two Tier Security; Random Pixel Embedding imparts resistant to attacks and Hybrid Filtering makes it immune to various disturbances like noise. An image is combination of edge and smooth areas which gives an ample opportunity to hide information in it. The proposed work is direct implementation of the principle that edge areas being high in contrast, color, density and frequency can tolerate more changes in their pixel values than smooth areas, so can be embedded with a large number of secret data while retaining the original characteristics of image. The proposed approach achieved Improved Imperceptibility, Capacity than the various existing techniques along with Better Resistance to various Steganalysis attacks like Histogram Analysis, Chi-Square and RS Analysis as proven experimentally.