What is an ISMS?
An Information Security Management System (ISMS) describes and demonstrates an organisation’s approach to Information Security (and privacy management). It includes how people, policies, controls and systems identify, then address the opportunities and threats revolving around valuable information and related assets.
Put simply an ISMS is the nerve centre, the holistic point of coordination and control behind the strategic and operational work done to protect and harness valuable information. A good ‘joined up’ professional ISMS shows stakeholders the organisation can be trusted and is serious about its approach to security.
Implemented well and with a business led approach to security, organisations can generate attractive returns on their investment from an ISMS.These include positive growth factors such as helping to win new business as well as mitigating increasing risks in areas such as cyber-crime and privacy regulation.
Privacy is a big topic with regulations like GDPR being front and centre right now. Privacy is not achieved without security therefore a well configured ISMS can help achieve trust in both areas, whereas a privacy management system is generally more limited in its scope. An ISMS delivers a positive return on investment. The goal of our whitepaper is to show you why, what, and how you can get RoI from an ISMS that fits the business needs.
What are the key considerations when building the business case for an ISMS?
- A growing challenge
- Three reasons why nothing happens
- The return on investment from information security management
- A point on people
- In considering the technology
- What is an ISMS?
- What are the components of an ISMS?
- Why do organisations need an ISMS?
- Is your organisation leadership ready to support an ISMS?
- Developing the business case for an ISMS
- Benefits to realise – Achieving returns from the threats and opportunities
- Evaluating the threats
- Identifying the opportunities
- Stakeholder expectations for the ISMS given their relative power and interest
- Scoping the ISMS to satisfy stakeholder interests
- GDPR focused work
- Doing other work for broader security confidence and assurance with higher RoI
- Work to get done for ISO 27001:2013/17
- Build or buy – Considering the best way to achieve ISMS success
- The people involved in the ISMS
- The characteristics of a good technology solution for your ISMS
- Whether to build or buy the technology part of the ISMS
- The core competences of the organisation, costs and opportunity costs
- In conclusion