4 Reasons Why You Need an Information Security Policy
Information has always been an asset, since time immemorial. The majority of which is now digitalised and stored on computer systems connected to a network. This makes the information vulnerable to attack, to which no system is completely immune. Having an information security policy is therefore essential for any organisation wanting to protect its data as well as strengthen its position in the market. Here are 4 reasons why.
1: It increases efficiency
The best thing about having any kind of policy is being able to operate with some level of consistency, and consistency is key to efficiency. This in turn saves time, money and resources.
With an information security policy in place, all new employees can be brought up to speed with company guidelines as soon as they are hired. The policy should inform workers of their own individual duties, telling them what they can and cannot do with respect to any sensitive information. It should also lay out a clear procedure to be followed in the event of a breach, thus minimising fallout.
2: It upholds discipline and accountability
Human error is almost inevitable. But when it does happen, and a system security is compromised, an information security policy will back up any disciplinary action as well as supporting a case in a court of law.
In essence, it acts as a contract that proves an organisation has taken steps to protect its intellectual property, as well as that of its customers and clients.
3: It can make or break a business deal
It is not unusual for companies to be asked by other vendors to provide a copy of their information security policy when making a business deal that involves the transference of sensitive data. This is especially true of bigger businesses wanting to ensure their own security interests are protected when dealing with smaller businesses less likely to have high-end security systems in place.
Having a comprehensive up to date information security policy to hand can literally make or break a deal.
4: It helps to educate employees on security literacy
A well-worded information security policy can also be seen as an educational document that informs readers of the importance of taking responsibility for their own role in protecting company data.
Everything from advice on choosing the right passwords, to providing guidelines for file transfers and data storage, will help to increase employees’ overall awareness of security and how it can be strengthened.