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What Is an Information Security Management System?

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Information security management systems (ISMS) assist in protecting the company’s data by providing both technical security and policies which set guidelines for employees handling sensitive data. This involves implementing cybersecurity practices and conducting information security training sessions, as well as encouraging the culture of taking responsibility for protecting data.

An ISMS also provides a framework that could be adapted to your particular organisation’s needs and industry regulations and also be audited and certified for compliance. ISO 27001 may be the most well-known ISMS standard however other standards, such as NIST for federal agencies, may be better suited to your company’s needs.

Who is responsible for Information Security?

Instead of being an IT-only initiative, ISMS involves a wide variety of departments and staff that include the C-suite, human resources, marketing and sales, and customer service. This ensures that everyone is on the same page in regards to security of information and that all the procedures are followed.

The creation of an ISMS requires an extensive risk assessment which is best carried out using a risk management tool such as vsRisk. This tool allows you to quickly conduct assessments, present the results to make it easy to analyze and prioritize and maintain them each year. An ISMS also helps to reduce expenses by allowing you to prioritize assets that are most at risk as it prevents the unintended spending on defence technologies and cuts down on downtime triggered by cybersecurity incidents. This translates into lower OPEX and CAPEX.

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