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Cybersecurity: Misconceptions vs. Facts
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WISP
Organizations spend considerable money on cyber security tools, but technology alone cannot give any organization all the protection it needs from cybercrimes. Cybersecurity requires people, process and technology to be effective. A Written Information Security Program (WISP) along with a set of policies and procedures designed to align people, process and technology to enhance an organization’s cybersecurity posture.
Benefits of a Written Information Security Program
(WISP)
Provides an action plan in the event of a security incident, enabling protection for organizations and clients
Allows organizations to quickly resume normal business operations should a cyber event occur
Enables cyber ready and cyber resilient organizations
Develops a culture of cyber awareness in an organization
Identifies vulnerabilities in an organization's data protection processes throughout its lifetime
Mitigates, monitors, and responds to controls placed to address vulnerabilities
Sets easily implementable policies and procedures that support cybersecurity
Identifies responsibilities for streamlined cyber management
Identifies information that needs to be protected
Identifies third party and partner risks
Assures customers that their data is managed securely, and assures business partners their suppliers are taking cybersecurity seriously
Why should you invest in an information security program
Federal and State laws require that an organization has an information security program
Massachusetts (MA) requires WISP if your organization uses MA residents; personally identifiable information (PII), regardless of where the organization is located
Federal law, enforced by the Federal Trade Commission, requires professional tax preparers to create and maintain a WISP
Cyber insurance carriers require policy holder to have a current WISP
Customers and business partners may require their service providers to have a WISP
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