A security policy is the foundation of any good cybersecurity plan. It outlines employee responsibilities and what needs to be safeguarded, while also providing guidelines for when to take action in response to a breach or other threat. The more specific you are about what needs protection, the better chance you have of preventing it from being compromised.
What is a corporate security policy?
A corporate security policy is an important document that outlines the responsibilities of employees about safeguarding your organization’s critical information and intellectual property, this also includes the company’s physical and IT assets. It also provides guidelines for what types of information need to be protected, why they are important, and how they should be handled.
Why do we need it?
Security policies help protect companies from insider threats such as data theft or sabotage by making it clear who has access to which data and what their responsibility is when handling it. These security policies also outline the consequences of violating these rules.
The consequences could vary from termination, fines, to even jail time depending on the severity of the violation. Without a security policy in place, any employee could potentially leak sensitive information without knowing it was wrong – costing a company millions of dollars.
How does it work?
The goal of a security policy is to provide meaningful direction and value to the individuals within an organization and by keeping this in mind the security policy documents are drawn up. These documents are not static, instead, they are “living” documents as they are constantly changing due to the ever-evolving threat level.
These policies restrict employee access to various aspects of the corporation, certain levels are designed which are detailed instructions on what is visible/accessible to which company employee.
The policy also protocols that are to be followed in case of any incident, it also highlights the ways by which the company should deal with the individual who is responsible for the incident.
Hence one can say that these policies are designed to address the acceptable security risk, security policies need to address access control, change management, training, risk management, incident response and recovery, data encryption and machine identities, communications security.
How to Implement Security Policies
Just having a security policy is not enough, instead, the security policy should be embedded into the company’s core values. Hence for a policy to be effective, it has to address the people, process, and technology triangle.
- People are the user’s needs, such as convenience, seamless experience, and lack of friction.
- The data-driven decisions to support user needs and to satisfy the policy goals and objectives are supported by the process.
- Technology is to be aligned with people and processes for the policy to be proportionate and applicable.
By following this trio, it can be ensured that the company security policy becomes a core value organizational culture.
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