What Is an Information Security Management System?

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Information security management systems (ISMS) assist in protecting the information of your company by providing both technical security and policies that provide guidelines for employees who handle sensitive data. This includes implementing best practices for cybersecurity and conducting infosec-related training sessions and encouraging a culture of accountability for data security.

ISMSs are also audited for compliance and certified. They can be tailored to the requirements of your organization and industry regulations. ISO 27001 may be the most well-known ISMS standard however other standards, such as NIST for federal agencies, might be better suited to your company’s needs.

Who is responsible for Information Security?

Instead of being a strictly IT-focused initiative, ISMS involves a wide variety of departments and staff including the C-suite human resources, sales and marketing, and customer service. This helps to ensure that everyone is aware in regards to security of information and the protocols that are required are adhered to.

Making an ISMS requires an exhaustive risk assessment, which is best completed using an instrument for managing risk like vsRisk. This tool allows you to quickly complete your assessments, and then lay out the results for easy analysis and prioritization and ensure they are consistent year after year. An ISMS can also help reduce expenses because it allows you to prioritize your highest-risk assets. This stops you from spending indiscriminately on defence technologies and reduces downtime caused by cybersecurity incidents. This results in lower OPEX and CAPEX.