Tag Archive for: ISMS

Janine Wolff

Infor­mation Security Management Systems (ISMS) — myths, misun­der­standings and errors

There are several myths, misun­der­standings and miscon­cep­tions surrounding Infor­mation Security Management Systems (ISMS) that can lead to incorrect assump­tions or inade­quate implementations.

We would like to briefly introduce some of them in our latest blog article:

 

Myth no. 1: ISMS is only for large companies

It is a common miscon­ception that an ISMS is only for large organi­za­tions. In fact, organi­za­tions of all sizes can benefit from an ISMS as it helps to be aware of threats, minimize risks and meet compliance require­ments. Regardless of the size of the organi­zation, an effective ISMS helps address infor­mation security in all aspects of business opera­tions, which ultimately helps to strengthen overall business success and promote trust. 

Myth no. 2: ISMS is only a technical matter

There is often a miscon­ception that an ISMS only comprises technical measures. However, the primary focus is on infor­mation and processes. These are then used to consider both the technical and other organi­za­tional aspects, such as policies, proce­dures, training and awareness programs. In other words, an effective ISMS requires a holistic approach that incor­po­rates people, processes and technology in order to ensure and improve the security of infor­mation in the organization. 

Myth no. 3: An ISMS is a one-off task

An ISMS is not just a one-off task. While it is sometimes assumed that an ISMS can be imple­mented once and then run on the side, in reality it is an ongoing process that requires constant monitoring, review and improvement to keep pace with changing threats and business needs. This process fosters an enduring culture of infor­mation security within the organi­zation that is focused on proactive risk mitigation and constant adaptation to new security challenges. 

Myth no. 4: Conformity guarantees safety

Compliance with standards such as ISO 27001 does not automat­i­cally mean that an organi­zation is fully protected. An ISMS should be seen as a continuous improvement process that goes beyond mere compliance. It is about creating an awareness of infor­mation security throughout the organi­zation, improving the ability to respond to changing threats and ultimately estab­lishing a sustainable security culture. 

Myth no. 5: ISMS is only for marketing purposes

While the sales and marketing department will certainly not disagree, an effective ISMS primarily helps organi­za­tions mitigate risk, meet compliance require­ments and build trust with customers and partners. Overall, such a system promotes a security-conscious culture and improves business practices. 

Would you have known?

By clearing up these myths, miscon­cep­tions and miscon­cep­tions, organi­za­tions can develop a better under­standing of how to effec­tively implement and use an ISMS to protect their infor­mation and drive business success.

We at SRC Security Research Consulting GmbH can actively support you in the process from consulting to certi­fi­cation, please contact us.

Contact: Christoph Sesterhenn e‑mail

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IT compliance through the intro­duction of an ISMS

Increasing compliance requirements

“The depen­dency of core and value-added processes on the IT infra­structure and the IT systems operated there is constantly increasing at credit insti­tu­tions. This means that the associated compliance require­ments are also increasing almost to the same extent”. In an article that has just been published on the specialist platform “Security Insider”, SRC expert Dagmar Schoppe explains the different regulatory and legal require­ments that determine the daily business of credit insti­tu­tions and how IT compliance is improved by the intro­duction of an ISMS.

Value creation processes are threatened

The protection of these value-added processes through compliance with regulatory and legal require­ments, e.g. from BAIT, MaRisk or the IT Security Act, is a very topical issue. After all, the danger of hacker attacks is a real and current threat. This is one of the reasons why IT security is one of the central audit focuses of the BaFin. The TIBER-EU programme, which is intended to strengthen the resilience of the financial world against cyber attacks, also aims in this direction.

Holistic infor­mation security management system creates security

For a holistic approach to the protection of corporate values, the various organ­i­sa­tional and technical aspects must be combined into a holistic concept. This leads to the intro­duction of an infor­mation security management system, e.g. on the basis of ISO 27001.

The experts of the SRC division Banking Compliance will gladly advise you on regulatory and legal require­ments and their imple­men­tation, e.g. by intro­ducing an infor­mation security management system (ISMS) or by carrying out TIBER tests. SRC is a member of the Cyber-Alliance.

Tag Archive for: ISMS