What is an ISMS?
An ISMS (Information Security Management System) is a systematic approach consisting of processes, technology and people, that helps you protect and manage your organization’s information security. It’s a documented system that contains a set of security controls protecting your organization’s assets from threats and vulnerabilities.
ISMS focuses on three security objectives of information security (also known as the CIA triad):
- Confidentiality – information is accessible only by authorized individuals.
- Integrity – the information is complete and accurate.
- Availability – data is accessible and available to satisfy business needs.
5 reasons to implement ISMS:
Here are some of the key benefits of implementing an Information Security Management System:
- Secure your information – The organizations must protect all forms of information whether it is digital, paper-based, intellectual property, personal information or company secrets. Protecting the personal data and intellectual property of your customers is highly important and could mean the survival of your company. Data leaks could lead the company to the loss of millions of dollars. A good ISMS will ensure proper information security control. ISMS offers a set of procedures, policies, technical and physical controls to protect the confidentiality, integrity and availability of information.
- Prevent cyber attacks – Implementing and maintaining an Information Security Management System will importantly increase your organization’s resilience to cyber attacks. The standards, such as ISO 27001, can provide enough documentation to safeguard against the most basic of the cyber attacks.
- Manage all your information in one place – An ISMS provides a central framework for keeping your organization’s data safe and managing it all in one place. Centralized management systems such as DoSec, allow for quicker risk assessment of security gaps and faster, more effective risk management.
- Competitive advantage – Information Security Management System helps your organization to comply with the GDPR and ensures legal and regulatory compliance. Implementing the right ISMS will help your organization to achieve a competitive advantage over your competitors. Your company will gain the trust of the vendors, sub suppliers or individual customers by displaying an ISO 27001, EU GDPR or other internationally proven standards or certifications compliance.
- Reduce costs – Cyber attacks and data leakages can lead the company to the huge costs. It’s impossible to predict what will happen in the future, but you can always decrease the chances of being attacked. By implementing an ISMS, organizations significantly reduce costs associated with information security.