Information Security Policies
With the ever-growing threat of security hacks and data theft, organizations are giving more and more priority to the development of information security policies. Protecting your information, whether it’s personal data, client data or company know-how is crucial to the long-term success of your business. A lack of clarity in Information Security Policies (ISP) can lead to catastrophic consequences for your business.
EIRE Systems can help you build and maintain your Information Security Policies.
An organization’s Information Security Policy (ISP) should define its position relating to security risks that must be controlled within its organization, in line with the business’s appetite for risk. This policy will ultimately determine a company’s investment in its IT security controls.
Drafting an ISP requires not only the ability to write policies but also a thorough understanding of IT security. It’s one thing to know how IT security technology is implemented, however knowing how to write policy documents with written sets of enforceable rules that can be followed by all members of your organization, from senior managers to frontline sales personnel, is a skill in itself.
Successful ISPs can only be drafted through a process of consultation and iteration, including key members of your organization before a final sustainable policy position can be drafted. If you cannot define your processes, then you cannot define your policy.
As part of writing you ISP, it is necessary to understand the potential risks to your business. A risk can be any potential occurrence that would have an adverse impact on your business and could include a system failure, loss of business due to reputational damage etc.
To identify a company’s risks, a Risk Assessment needs to be conducted and will establish and maintain a security risk criteria, that will categorize risks into Low, Medium, and High.
Anything considered a Low risk may be acceptable and may not warrant further intervention unless it is low cost to do so. Risks that are High or Medium should have procedures in place to mitigate against them, and have comparative ratings assigned to them to define which should be given higher priority or justify a larger investment.
As part of the Risk Assessment a Risk Analysis is conducted and will;
- document the consequences of each risk if it would occur,
- determine the likelihood of the risk occurring, and
- assign a level to each risk.
Having analyzed your risks, working with management a priority can be assigned to each risk, and an action plan put in place so that specific IT security controls can be implemented to protect against such risks.
EIRE Systems has both the policy and IT security expertise to draft your IT Security Policy (ISP). If you would like to know more about how we can help you specifically, please don’t hesitate to contact us.