Security Policy Firms Need A Formal Security Program

†¢ Security policy: Firms need a formal security program which must be accompanied by formal executive support. This lays the groundwork for a successful information security program. Firms must also consider security policy as a living document that is subject to adjustments as the organization evolves. †¢ Security organization: Firms need a formal organizational structure in place to manage the overall security program. This will allow the firm to assign the correct roles and reponsibilities. This provides clarity for escalation processes and which resources will be involved in the event of a security breech. †¢ Asset classification and control: Firms need to have all their systems, networks, and devices identified so the right security controls can be applied. In the case of large organizations, an asset management system may be warranted to keep track of all the various assests of the company. †¢ Personnel security: Firms need to incorporate security into their overall business processes. Firms can expect their employees to adhere to reasonable security controls. Therefore, it may be necessary to vet employees within the hiring process such as screening and performing background checks. Monitoring employee system activity is necessary to ensure systems are secure. †¢ Physical and environmental security: The security program will involve protecting the physical hardware, buildings, and people. 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