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Information security management systems (ISMS) aid in protecting the company’s data by providing both technical safeguards and policies that set guidelines for employees handling sensitive data. This includes implementing cybersecurity best practices, running infosec training sessions, and encouraging a culture of responsibility for data security.
ISMSs are also audited for compliance and certified. They are adapted to the needs of your organisation and the regulations of your industry. ISO 27001 is the best-known standard for ISMS, but there are other standards that could be more appropriate for your particular industry and business for example, the NIST framework for federal agencies.
Who is responsible for Information Security?
As opposed to being an IT-only initiative, ISMS involves a wide variety of departments and staff which include the C-suite marketing and sales, as well as customer service. This ensures that everyone is on the same page with regards to the security of information and that all the protocols are in place.
Creating an ISMS requires an exhaustive risk assessment, which is best carried out using an effective risk management tool like vsRisk. It allows you to quickly complete assessments, lay out the results for easy analysis and prioritization and ensure they are consistent year after year. An ISMS will also help you reduce costs by allowing you prioritize the highest-risk assets and prevents the indiscriminate expenditure on defence technology and cuts down on the downtime caused by cybersecurity incidents. This means lower OPEX and CAPEX.