A robust information security management system is crucial to every business’s operations. It helps safeguard customer and organizational data, ensures compliance with regulations and limits risks to acceptable levels. It also provides employees with clear policies, training, and clear instructions on how to identify and combat cyber-attacks.
A company may develop an ISMS for various reasons, such as to improve cybersecurity and compliance with regulatory requirements, or to seek ISO 27001 certification. The process includes conducting an analysis of risk, identifying potential vulnerabilities and selecting and implementing control measures to minimize the risk. It also identifies roles and responsibilities for committees and owners of particular information security processes and activities. It develops and documents the policy documents and implements a program of continuous improvement.
The scope of an ISMS is determined by the information systems an organization determines to be most critical. It also takes into consideration any applicable standards or regulations for example, HIPAA in the instance of a healthcare facility and PCI DSS in the case of an online commerce platform. An ISMS often includes methods for detecting and responding to attacks, for example, identifying the source of the threat and monitoring access to data to determine who has access to which information.
The process of creating an ISMS requires the support of employees and stakeholders. It is usually best to begin with the PDCA model that includes planning, doing, reviewing and executing. This allows the ISMS system to adjust to new cybersecurity threats and regulations.
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