Information security management (ISM) defines and manages controls that an organization needs to implement to ensure that it is sensibly protecting the confidentiality, availability, and integrity of

asset In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can b ...

s from threats and vulnerabilities. The core of ISM includes information risk management, a process that involves the assessment of the risks an organization must deal with in the management and protection of assets, as well as the dissemination of the risks to all appropriate stakeholders. This requires proper asset identification and valuation steps, including evaluating the value of confidentiality,

integrity Integrity is the quality of being honest and having a consistent and uncompromising adherence to strong moral and ethical principles and values. In ethics, integrity is regarded as the honesty and Honesty, truthfulness or of one's actions. Integr ...

, availability, and replacement of assets. As part of information security management, an organization may implement an information security management system and other best practices found in the ISO/IEC 27001, ISO/IEC 27002, and ISO/IEC 27035 standards on

information security Information security is the practice of protecting information by mitigating information risks. It is part of information risk management. It typically involves preventing or reducing the probability of unauthorized or inappropriate access to data ...

Risk management and mitigation

Managing information security in essence means managing and mitigating the various threats and vulnerabilities to assets, while at the same time balancing the management effort expended on potential threats and vulnerabilities by gauging the probability of them actually occurring. A meteorite crashing into a server room is certainly a threat, for example, but an information security officer will likely put little effort into preparing for such a threat. Just as people don't have to start preparing for the end of the world just because of the existence of a global seed bank. After appropriate asset identification and valuation have occurred, risk management and mitigation of risks to those assets involves the analysis of the following issues: * Threats: Unwanted events that could cause the deliberate or accidental loss, damage, or misuse of information assets * Vulnerabilities: How susceptible information assets and associated controls are to exploitation by one or more threats * Impact and likelihood: The magnitude of potential damage to information assets from threats and vulnerabilities and how serious of a risk they pose to the assets; cost–benefit analysis may also be part of the impact assessment or separate from it * Mitigation: The proposed method(s) for minimizing the impact and likelihood of potential threats and vulnerabilities Once a threat and/or vulnerability has been identified and assessed as having sufficient impact/likelihood on information assets, a mitigation plan can be enacted. The mitigation method is chosen largely depends on which of the seven information technology (IT) domains the threat and/or vulnerability resides in. The threat of user apathy toward security policies (the user domain) will require a much different mitigation plan than the one used to limit the threat of unauthorized probing and scanning of a network (the LAN-to-WAN domain).

Information security management system

An information security management system (ISMS) represents the collation of all the interrelated/interacting information security elements of an organization so as to ensure policies, procedures, and objectives can be created, implemented, communicated, and evaluated to better guarantee the organization's overall information security. This system is typically influenced by an organization's needs, objectives, security requirements, size, and processes. An ISMS includes and lends to risk management and mitigation strategies. Additionally, an organization's adoption of an ISMS indicates that it is systematically identifying, assessing, and managing information security risks and "will be capable of successfully addressing information confidentiality, integrity, and availability requirements." However, the human factors associated with ISMS development, implementation, and practice (the user domain) must also be considered to best ensure the ISMS' ultimate success.

Implementation and education strategy components

Implementing an effective information security management (including risk management and mitigation) requires a management strategy that takes note of the following: * Upper-level management must strongly support information security initiatives, allowing information security officers the opportunity "to obtain the resources necessary to have a fully functional and effective education program" and, by extension, information security management system. * Information security strategy and training must be integrated into and communicated through departmental strategies to ensure all personnel is positively affected by the organization's information security plan. * A

privacy Privacy (, ) is the ability of an individual or group to seclude themselves or information about themselves, and thereby express themselves selectively. The domain of privacy partially overlaps with security, which can include the concepts of a ...

training and awareness " risk assessment" can help an organization identify critical gaps in stakeholder knowledge and attitude towards security. * Proper evaluation methods for "measuring the overall effectiveness of the training and awareness program" ensure policies, procedures, and training materials remain relevant. * Policies and procedures that are appropriately developed, implemented, communicated, and enforced "mitigate risk and ensure not only risk reduction, but also ongoing compliance with applicable laws, regulations, standards, and policies." * Milestones and timelines for all aspects of information security management help ensure future success. Without sufficient budgetary considerations for all the above—in addition to the money allotted to standard regulatory, IT, privacy, and security issues—an information security management plan/system can not fully succeed.

Relevant standards

Standards that are available to assist organizations with implementing the appropriate programs and controls to mitigate threats and vulnerabilities include the ISO/IEC 27000 family of standards, the ITIL framework, the COBIT framework, and O-ISM3 2.0. The ISO/IEC 27000 family represents some of the most well-known standards governing information security management and their ISMS is based on global expert opinion. They lay out the requirements for best "establishing, implementing, deploying, monitoring, reviewing, maintaining, updating, and improving information security management systems." ITIL acts as a collection of concepts, policies, and best practices for the effective management of information technology infrastructure, service, and security, differing from ISO/IEC 27001 in only a few ways. COBIT, developed by ISACA, is a framework for helping information security personnel develop and implement strategies for information management and governance while minimizing negative impacts and controlling information security and risk management, an
O-ISM3
2.0 is The Open Group's technology-neutral information security model for enterprise.

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