Information Security Policy-Effective Plan for Small Businesses
15
Apr

Information Security Policy-Effective Plan for Small Businesses

Information Security Policy-Effective Plan for Small Businesses

Overview

The backbone of strong data security in business is, having an effective Information Security Policy (ISP). The policy sets rules for a business’s internal security which trims the chances of possible security breaches.

IBM’s chairman Ginni Rometty said: “Cybercrime is the greatest threat to every company in the world.”

Market insights show alarming data security facts and refer to evolve with evolving threats. (Source)

  • Every 39 seconds a computer is hacked
  • Small businesses are 43% more vulnerable to cyber attacks
  • Cyber-crimes increased to 300% since COVID-19
  • 77% of businesses do not have any incident response strategy

From these stats, it’s clear that an effective ISP is necessary to avoid these security breaches in any business.

Business Information Security Policy

Business ISP involves the classification of data based on their concern. This data includes personal, customer, or public information. An effective ISP strengthens your data security with restrictive availability to authorized personnel only.

What is an information security policy?

An ISP is a set of rules that guides a person to systematically regulate IT operations. It acts as a navigator for the organization’s employees to comply with security protocols and procedures.

Why does your business need an Information Security Policy?

Business deals with different types of information. It can be financial records, business strategy, customer data, and other sensitive information. This data is highly vulnerable to cyber breaches. Compromising this crucial information
means compromising your business integrity.

A strong ISP helps you secure this data with limited access to trusted individuals.

An effective ISP is known for:

  • Reducing cost: An ISP effectively minimizes the risk of a large-scale breach and its financial impacts on your business.
  • Image building: A sturdy ISP strengthen your brand image and establish trust between your customers
  • Total security: It provides all the information at your figure-tips from all your devices. You can access, manipulate &, protect all your sensitive data.
  • Smooth workflow: A robust ISP systematic application makes it easy to manage data between your employees and customers.

Information Security Policy – Effective Strategy for Small Businesses

1. Analyze Your current security policy

Analyzing your existing security is the primary objective you need to build a strong ISP.

A risk assessment analysis will help you in detecting your security gaps and prepare a strong strategy to counter these gaps

2. Set Your Goals

Before implementing any ISP, first, spot your business goals. Your objectives must be clear and concise to avoid any extra financial burden.

The different organizations have distinct security needs such as:

  • Securing your business
  • Strengthening business reputation
  • Achieve business excellence

Create a plan and timeline for tasks to be completed to achieve your goal. Define the responsibilities to each member of your implementation team.

3. Create a Permissions Policy

Another step is to regulate your data accessibility. Who can access your data? A sample ISP includes:

  • Graded pattern: Only one individual can control who can access certain information data
  • Protected security Policy: Data can only be accessed by authorized personnel using a password, ID card, or biometric.

4. Classify Your Data

Arrange your data based on its importance and value. It’s vital to arrange your data in a systematic form and individual access priority.

This classification can be in form of:

  • Highly Sensitive Data: It can be the information that might be protected by the federal legislation
  • Confidential Information: information that a business owner considers severely critical for breaches.
  • Public Data: Data that is available publicly.

5. Keep it friendly

It’s an essential step to make your ISP work evenly. Train and educate employees about the security procedures and aware them of security protocols.

It’s is important for a business owner to make employees follow security measures with utmost priority. Making them aware of the threats and encouraging them to follow security protocols will bring the most out of your ISP strategy.

6. Track and control your action plan

Keeping track of your ISP strategy will help you assess your plan’s effectiveness. You can amend it over time depending on your business requirements.

An action plan will keep you on the right track and control measures will counteract any possible breaches.

Conclusion

From the above key points, you can assess that making a strong ISP is painstaking. It involves a thorough analysis and expertise to create an effective ISP strategy. It’s time taking and requires regular monitoring.

You can accelerate this process by outsourcing an MSP. It will save you both time and money and provide access to advanced security techniques. You will have peace of mind regarding security and more time to focus on your business.

Get expert tips and create an ultimate ISP strategy