Information Security Management
An Information Security Management System (ISMS) provides a systematic approach to managing the risks relevant to your organization’s information assets. It ensures you have the measures (controls) in place to mitigate risks to your assets, reducing the impact of external/internal threats and incidents.
Why should enterprises implement ISMS?
Implementing ISMS practice within your organization is a strategic decision. An effective ISMS program will address the key issues when implementing security controls, such as:
- Determining what information is critical to the business operation (i.e. organizational intellectual property, payroll, client data and personnel information etc.).
- Determining how to protect this business-critical information (i.e. how much security is enough, and how can I be sure what I have is enough?).
- Determining how much security measures will cost, is money wasted on over-protecting information, or was enough money spent to protect the information adequately.
- Determining what protection was obtained for the cost, and what value has been added to the organization.
- Ensuring that the security measures are adequate for the threats of today, tomorrow and into the future.
- Assigning responsibility for managing and maintaining information security measures within the organization, and ensuring they have the right skills to do the job.
How does ISMS work and what is required?
An ISMS program provides the framework to ensure that you have the measures (controls) in place to appropriately mitigate risks to information assets within your business.
An ISMS program operates around five key activities:
- Risk Assessment – identifying information assets, their associated threats and vulnerabilities, and the impact to your business if they are lost, damaged or stolen.
- Mitigation strategy (Control Selection) and planning – selecting and implementing controls to reduce the identified risks to a level that can be tolerated by your business.
- Develop and deploy – evolve and establish measures (controls) to mitigate risks to information assets within your business.
- Monitoring and Review, Testing, and Validation – ensuring the deployed controls are effective.
- Maintenance and Improvement – ensuring that all the controls continue to remain applicable and effective within your changing business environment. *
Key benefits of ISO 27001
ISO 27001 is an Information Security Management Systems and Auditing standard. The objective of the standard is to help establish and maintain an effective information security management system with a commitment to continual improvement. Potential benefits of achieving an ISO 27001 compliance include:
- Compliance with legal, regulatory, and statutory requirements
- Increasing overall organizational and operational efficiency
- Minimizing internal and external risks to business continuity
- Limiting security and privacy breaches
- Providing a process for information security and corporate governance
- Increased stakeholder confidence due to the reputation of the standard
ISMS Development and implementation
How iBridge can help your enterprise in building and implementing an effective ISMS?
These activities are based around the PDCA (Plan, Do, Check, Act) approach common in the most effective management systems.
ISMS Reviews and Audits
ISMS audits are performed to ensure that the company continually operates under the specified policies, procedures, and external requirements to meet company goals and objectives, tied to information security. The audit also aims to ensure improvements related to the ISMS programs are identified, implemented and suitable to achieve these objectivesI