What are the steps to be considered in security planning?
Physical security. Physical security is the physical access to routers, servers, server rooms, data centers, and other parts of your infrastructure. Other security measures become compromised if an unauthorized person can walk into a server room and unplug routers. Show
Network security. Network security is access to your network through firewalls, secure access zones, access control lists, and port access. For network security you develop strategies for unauthorized access, tampering, and denial of service (DoS) attacks. Application and application data security. Application and application data security covers access to user accounts, corporate data, and enterprise applications through authentication and authorization procedures and policies. This area includes defining the following policies:
Personal security practices. An organization-wide security policy defines the working environment and practices with which all users must comply to ensure other security measures perform as designed. Typically, you develop a handbook or manual on security and also offer training to users on security practices. For an effective overall security policy, sound security practices must become part of the organization culture. An information security plan is a critical part of any financial services firm’s approach to cybersecurity. Information security plans can vary widely, but share the common goal of outlining data handling practices. Depending on the size and maturity of your business, your information security plan could be quite detailed. To make things easier, we’ve created a comprehensive guide to creating an IT security plan for your organization. What Is an Information Security Plan?At its core, an information security plan is a set of policies and procedures that govern how data is handled in your business. It could range from relaxed, general guidelines to strictly enforced policies necessary for high levels of regulation, such as those in the financial sector. Factors to address in this kind of plan include what security measures are in place for personally identifiable information (PII) and how your firm plans to respond to breach incidents. Why Is an Information Security Plan Important?These plans are nothing short of critical. For many, they’re a necessary part of showing compliance with industry regulations, such as those from the U.S. Securities and Exchange Commission (SEC). In addition to supporting your security and compliance efforts, an IT security plan can be beneficial to the overall success of your organization. An information security plan ultimately benefits an organization by helping prevent the exposure, loss or corruption of data. Firms can also benefit from efficiency improvements that avoid data corruption, reputational benefits through avoiding the bad press of a data breach, and cost benefits from avoiding fines and litigation from noncompliance. Fundamentals of an Information Security PlanFor most security professionals, data privacy and governance make up the primary area of responsibility. In addition, most information security plans address these three components:
Steps to Create an Information Security PlanWhen creating your information security plan, follow these steps to make sure it’s comprehensive and meets your firm’s needs: 1. Form a Security TeamThe first step is to build your A-team. Get a group together that’s dedicated to information security. They’ll be in charge of creating and enforcing your policy, responding to an evolving landscape of cybersecurity threats, determining risk thresholds and even organizing funding. Make sure this team knows their stuff. 2. Assess System Security Risks, Threats and VulnerabilitiesGet the lay of the land by evaluating where your current system is potentially exposed to threats. Look for vulnerabilities, such as old software programs and poor training, and conduct testing to make sure your system is performing as intended. 3. Identify Current SafeguardsMeasure how well your current system is protecting your data and your clients’ data and what options you might have available. Safeguards might include security features in your business software, physical security such as gated entrances and procedural measures like having representatives log out when leaving a computer. 4. Perform Cyber Risk AssessmentAssess how cybersecurity problems and breaches would affect your organization. Would a breach bring operations to a halt? Would it entail damage control? And what about regulatory fines? Identify what factors are associated with the cybersecurity risks facing your firm. 5. Perform Third-Party Risk AssessmentWhile it’s critical to watch internal risk, third-party vendors can also pose threats. Revisit them at least annually to check that their policies and practices are in line with your information security plan. Consider making a list of criteria that potential partners need to meet before working with your organization. This list should include the basics like System and Organization Controls (SOC) II compliance. 6. Classify and Manage Data AssetsYou can’t protect your assets if you don’t know what you have. Identify your assets and categorize them based on factors like vulnerability, access and storage requirements. This information is necessary for writing policies and procedures that take the relative risk and handling needs of different assets into account. 7. Identify Applicable Regulatory StandardsFinancial organizations need to abide bystrict regulations imposed by the SEC. These include robust documentation requirements and various strategies for protecting client confidentiality and risk. Examine these regulations and identify what applies to your organization. You may also want to consider the requests of your stakeholders. 8. Create a Compliance StrategyAfter identifying regulation needs, you’ll need a plan to achieve compliance. Outline how you’ll meet regulatory requirements and collect all the necessary documentation. 9. Develop Incident Management and Disaster Recovery ProgramsOnce you’ve compiled your needs and risks, start creating your response plan. Outline the process carefully, so your team can calmly and systematically address cybersecurity breaches when they occur. Be sure to include various departments, third parties and clients in your plan so everyone can do what they need to do to address the breach. 10. Train and Test EmployeesEmployees can be a huge asset in the fight against cyberthreats, but they can also be a threat if not well-trained. Set up ongoing training and test employees regularly to make sure they know what to look for. Tips for Building a Strong Information Security PolicyKeep the following tips in mind when creating your information security plan:
Learn More About Information Security Plans With AgioIf your information security plan needs some work or is nonexistent, Agio can help. Your expertise is in handling money, ours is in ensuring your technology is an enabler, not an inhibitor. the expertise necessary to help you implement and maintain your IT security plan. Between our services for detection and response, consulting, risk management and more, we can assist with every part of the process. What are the steps in security planning?The security planning process consists of the following five steps:. Assets are identified.. Loss events are exposed.. Occurrence probability factors are assigned.. Impact of occurrence is assessed.. What needs to be considered in a security plan?A security plan should include day-to-day policies, measures and protocols for managing specific situations. security, security management, etc. detention or disappearance. The more day-to-day policies and measures that are implemented, the more the specific situation protocols will work.
What are the 8 components of a security plan?Here are eight critical elements of an information security policy:. Purpose. ... . Audience and scope. ... . Information security objectives. ... . Authority and access control policy. ... . Data classification. ... . Data support and operations. ... . Security awareness and behavior. ... . Responsibilities, rights, and duties of personnel.. What are the five components of a security plan?This holistic approach to cybersecurity includes a combination of defenses, from investing in reputable endpoint protection to training your entire team in cybersecurity best practices. Establishing this strategy involves 5 key components: Policy, Prevention, Detection, Response, and Recovery.
|