What is a security policy list the steps followed in formulating security policy?

What Does Security Policy Mean?

A security policy is a written document in an organization outlining how to protect the organization from threats, including computer security threats, and how to handle situations when they do occur.

A security policy must identify all of a company's assets as well as all the potential threats to those assets. Company employees need to be kept updated on the company's security policies. The policies themselves should be updated regularly as well.

Techopedia Explains Security Policy

A security policy should outline the key items in an organization that need to be protected. This might include the company's network, its physical building, and more. It also needs to outline the potential threats to those items. If the document focuses on cyber security, threats could include those from the inside, such as possibility that disgruntled employees will steal important information or launch an internal virus on the company's network. Alternatively, a hacker from outside the company could penetrate the system and cause loss of data, change data, or steal it. Finally, physical damage to computer systems could occur.

When the threats are identified, the likelihood that they will actually occur must be determined. A company must also determine how to prevent those threats. Instituting certain employee policies as well as strong physical and network security could be a few safeguards. There also needs to be a plan for what to do when a threat actually materializes. The security policy should be circulated to everyone in the company, and the process of safeguarding data needs to be reviewed regularly and updated as new people come on board.

An information security policy is a set of rules and guidelines that dictate how information technology (IT) assets and resources should be used, managed, and protected. It applies to all users in an organization or its networks as well as all digitally stored information under its authority. An information security policy addresses threats and defines strategies and procedures for mitigating IT security risks.

There are many components of an information security policy. Fundamental elements include:

• Information security roles and responsibilities
• Minimum security controls
• Repercussions for breaking information security policy rules

An information security policy is an aggregate of directives, regulations, rules, and practices that prescribes how an organization manages, protects, and distributes information.

The National Institute of Science and Technology (NIST)

Let’s jump in and learn:

• What is an Information Security Policy?
• The Importance of an Information Security Policy
• 11 Elements of an Information Security Policy
• Information Security Policy Best Practices
• Take Information Security Policy Development Seriously

What is an Information Security Policy?

Since organizations have different structures and requirements, IT departments should create an information security policy that is optimal for operational teams and users. The policy should also provide the guidance required to comply with regulatory requirements—corporate, industry, and government.

An information security policy should clearly define the organization’s overall cybersecurity program’s objectives, scope, and goals. This creates a solid foundation for the policy and provides context to the specific rules that employees must follow.

While there are common elements across information security policies, each policy should reflect consideration of the unique operational aspects and specific threats related to an industry, region, or organizational model that can put IT resources and data at risk. For example:

• Industry:
  • Healthcare-related organizations must meet strict Protected Health Information (PHI) data protection standards set forth by HIPAA.
  • Manufacturing companies have to protect and monitor remote internet of things (IoT) devices.
  • Life sciences organizations must meet strict requirements related to electronic documents and signatures (Title 21 CFR Part 11).
• Region:
  • Local regulations
  • Adverse weather conditions—e.g., hurricanes, tornadoes
  • Physical threats related to conflict
• Organizational model:
  • Remote offices
  • Field staff
  • Contract workforce

An information security policy should be a living document, reviewed and updated regularly to consider new or changing threats, processes, and regulations. This has several benefits:

• Demonstrates that the organization considers information security a high priority
• Keeps security protocols up to date and ready to effectively address threats and meet compliance requirements
• Provides accurate direction for issue resolution, disaster recovery, and overall security management
• Reduces the risk of reduced productivity, financial loss, and damage to reputation in the event of a security incident

The Importance of an Information Security Policy

An information security policy helps everyone in the organization understand the value of the security measures that IT institutes, as well as the direction needed to adhere to the rules. It also articulates the strategies in place and steps to be taken to reduce vulnerability, monitor for incidents, and address security threats.

An information security policy provides clear direction on procedure in the event of a security breach or disaster.

Important outcomes of an information security policy include:

Facilitates the confidentiality, integrity, and availability of data
A robust policy standardizes processes and rules to help organizations protect against threats to data confidentiality, integrity, and availability.

Reduces the risk of security incidents
An information security policy outlines procedures for identifying, assessing, and mitigating security vulnerabilities and risks. It also explains how to quickly respond to minimize damage in the event of a security incident.

Executes security programs across an organization
To ensure successful execution, a security program needs an information security policy to provide the framework for operationalizing procedures

Provides clear statement of security policy to third parties
The policy summarizes the organization’s security posture and details how it protects IT assets and resources. It allows organizations to quickly respond to third-party (e.g., customers’, partners’, auditors’) requests for this information.

Helps to address regulatory compliance requirements
The process of developing an information security policy helps organizations identify gaps in security protocols relative to regulatory requirements.

11 Elements of an Information Security Policy

An information security policy should be comprehensive enough to address all security considerations. It must also be accessible; everyone in the organization must be able to understand it.

Boilerplate information security policies are not recommended, as they inevitably have gaps related to the unique aspects of your organization. The information security framework should be created by IT and approved by top-level management.

A robust information security policy includes the following key elements:

1. 1. Purpose
2. 2. Scope
3. 3. Timeline
4. 4. Authority
5. 5. Information security objectives
6. 6. Compliance requirements
7. 7. Body—to detail security procedures, processes, and controls in the following areas:
   • Acceptable usage policy
   • Antivirus management
   • Backup and disaster recovery
   • Change management
   • Cryptography usage
   • Data and asset classification
   • Data retention
   • Data support and operations
   • Data usage
   • Email protection policies
   • Identity and access management
   • Incident response
   • Insider Threat Protection
   • Internet usage restrictions
   • Mobile device policy
   • Network security
   • Password and credential protocols
   • Patch management
   • Personnel security
   • Physical and environmental security
   • Ransomware detection
   • System update schedule
   • Wireless network and guest access policy
8. 8. Enforcement
9. 9. User training
10. 10. Contacts
11. 11. Version history

Information Security Policy Best Practices

Established best practices for an information security policy lead with obtaining executive buy-in. Implementation and enforcement are much easier and more effective when the policy has the support of top leadership.

Other best practices for information security policy development include:

• Establish objectives.
• Identify all relevant security regulations—corporate, industry, and government.
• Customize the information security policy.
• Align the policy with the needs of the organization. 
• Inventory all systems, processes, and data.
• Identify risks.
• Assess security related to systems, data, and workflows.
• Document procedures thoroughly and clearly.
• Review procedures carefully to ensure they are accurate and complete.
• Train everyone who has access to the organization's data or systems on the rules that are outlined in the information security policy.
• Review and update the policy regularly.

Take Information Security Policy Development Seriously

A well-developed information security policy helps improve an organization’s security posture by raising awareness. It also provides the guidance needed to include all users in baseline security preparedness that ultimately protects your organization’s data and systems. Investing in the development and enforcement of an information security policy is well worth the effort.

Egnyte has experts ready to answer your questions. For more than a decade, Egnyte has helped more than 16,000 customers with millions of customers worldwide.

Last Updated: 12th July, 2021

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