Information security is a crucial aspect of every business, regardless of the industry or size of the company. Constructing an Information Security Management System (ISMS) is one of the most effective ways to protect your company’s data, comply with regulatory requirements, and enhance customer trust.
In this blog post, we will explore what ISMS means in practice, how to build an effective information security management system, and why it is critical in modern business.
What is an Information Security Management System?
An Information Security Management System (ISMS) is a systematic approach to managing sensitive company information, ensuring it remains protected. Security is achieved by implementing a suitable system of controls comprising policies, rules, processes, procedures, organisational structures, as well as software and hardware functions (ISO/IEC 27002:2022).
Why is ISMS Important?
In today’s digital world, information security risks are becoming increasingly complex and harder to predict. Without a proper management system, your company could be vulnerable to cyberattacks that may lead to significant financial losses. Additionally, many industries require compliance with information security standards such as ISO/IEC 27001, which enables your company to meet regulatory requirements and gain a competitive advantage in the marketplace.
*ISO 27001 is an international standard for information security management systems, covering a broad range of security practices.
How is ISMS Built?
Building an information security management system can be broadly divided into five stages:
- Initial Assessment – The first step is understanding the company’s current security situation and identifying potential risks and weaknesses.
- Creating an Information Security Policy – The company must define clear security policies that guide all security activities.
- Risk Management – Evaluating information security risks and designing strategies to manage them are central to building an ISMS.
- Implementation of Measures – Practical measures, such as deploying technological solutions and training employees, are essential for improving security.
- Continuous Monitoring and Improvement – ISMS is not a one-off project but an ongoing process. Security status must be monitored regularly, and the system should be improved as necessary.
The Granite Information Security Management System is built with consideration of standards such as ISO 27001 and the requirements of the NIS2 directive. Granite’s security solutions help foster a mature and evolving organisational culture, incorporating cyber and information security risks into decision-making.