Since the information security threats rise, businesses are prone to severe losses because of a compromised security system. As a company founder, you would be searching for ways to revamp your company’s information security management.

The forecast size of the information security market in 2024 is 174.7 billion USD. The data suggest that several companies worldwide would amp up their information security management system as the threats rise. Hence, you should too!

The information security management best practices laid out by ISO 27001 have helped organisations build a more robust security system. This post highlights several ways to mitigate risk for your organisation. Read on!

1.    Optimise Cyber Security Department

Several firms overlook the advantages of investing in cyber security and consider it an operational cost. The ignorance can stem from reasons such as the senior departments lacking cyber security know-how.

The solution is to get the senior departments involved in decision-making acquainted with cyber security. Thus, they can approve requests from the cyber security department and understand the urgency in certain demanding situations.

In this way, you can optimise the cyber security department of your company.

2.    Prioritise Risk Assessment

One of the main priorities of a firm is to conduct a thorough risk assessment. While creating the information security management process, the first step is to assess the risk.

Risk assessment helps you choose the controls suitable to mitigate any threats and safeguard the organisation.

A system for risk assessment can help you answer the following questions.

  • What circumstances can claim threats for your organisation?
  • What is the degree of damage each threat can cause?
  • How likely is each circumstance to occur?

Assessments like these can help your organisation avoid wastage of time and effort. Therefore, organisations worldwide conduct risk assessments to revamp their information security management.

3.    Encrypt the Data

The data in one organisation is bound to get transferred from one device to the other for smooth functioning. So, you can encrypt the data while migrating to protect it from unauthorised usage.

4.    ISO 27001

ISO 27001 is the international standardisation of information security. The standard shines light on the information security management system and the best-practice approaches to help organisations mitigate risk. 

The goals of this information security standardisation are listed below.

  • Confidentiality: Authorised staff are the only individuals who have access to the information.
  • Integrity: The change in information can be done only by the authorised personals.
  • Availability: The information must be readily accessible to authorised personals.

Obtaining the certification of this standardisation can have in store a multitude of benefits for your organisation and revamp your information security management system.

5.    Backup Data Regularly

Your IT security strategy must include planned and regular backing of data. Securing data can avoid data loss in case of accidental file deletion or a complete ransomware lockdown.

The security best practice is to store the backup data in secure, remote locations away from your primary office.

6.    Annual Staff Awareness Training

You can train your staff by conducting training for awareness of organisational threats across your company. The two main threats resulting from a lack of awareness are phishing and ransomware. These two threats exploit human error.

The company can organise an annual staff awareness training to enhance the information security management system by minimising human errors.

Organisations are making considerable investments in information security management as the threats rise. Hence, they adopt methods and run practices advised by the international standardisation, ISO 27001.

If you wish to safeguard your data and mitigate the risk, amp up the resources for your IT department. Consult an information security analyst today!