A specification for an information security management system (ISMS)
An ISMS is a framework of policies and procedures that includes all legal, physical and technical controls involved in an organisation's information risk management processes. TechnologyOne acquired this in 2011 to create a global policy framework that enabled us to include security as part of the design process. It demonstrates that we are following international best practice to mitigate threats.
ISO/IEC 27001 requires that management:
- Systematically examine the organization's information security risks, taking account of the threats, vulnerabilities, and impacts;
- Design and implement a coherent and comprehensive suite of information security controls and/or other forms of risk treatment (such as risk avoidance or risk transfer) to address those risks that are deemed unacceptable; and
- Adopt an overarching management process to ensure that the information security controls continue to meet the organization's information security needs on an ongoing basis.