What is a Written Information Security Program? And what does this document cover? Well, read this post to find out more.
Written Information Security Program – What Is It?
A Written Information Security Program is also referred to as WISP. it’s a document detailing the organization’s security controls, policies, and processes. It’s a roadmap for an organization’s IT security. And many states require this document legally.
Additionally, some data security laws are in place with this document. This ensures that businesses implement and maintain reasonable security procedures and processes. Especially those that own or maintain personal information about residents.
Moreover, a WISP provides your organization with solid security procedures. Not just to reduce the chances of data breaches. But also limits the liability if one happens in the future.
What Does It Cover?
A WISP ensures enough administrative, technical, and physical safeguards are in place for your business. Thus, your personally identifiable information is safe.
However, it can vary greatly as to what security controls it covers. Further, the comprehensiveness of your WISP depends on the industry, size, and state laws you comply with.
Security Areas A WISP Addresses
A wisp specifically addresses the following:
- Designation of employees responsible for the security program.
- Identification and assessment of security risks.
- Developing policies for storage. As well as access and transportation of personal information.
- Imposing disciplinary measures for WISP violators.
- Limiting access by/to terminated employees.
- Oversees the security practices of 3rd-party vendors and contractors.
- Restricting physical and digital access to records.
- Monitors and reviews the scope and effectiveness of the WISP.
- Documentation of data security incidents and responses.
Different Types Of Written Information Security Programs
There are many types of WISPs. All of them are designed to help you comply with varying compliance regulations and state laws. But the hard part is to choose which one of them is right for you. Consider the following WISPs:
- HIPAA WISP
- 23 NYCRR 500 WISP
- AICPA TSC 2017 SOC 2 WISP
- 201 CMR 17.00 WISP
- NIST Cyber Security WISP
- ISO 27002 WISP
- NIST 800-53 (Moderate) WISP
- NIST 800-53 (High) WISP
Why Need A WISP?
Businesses that maintain data on customers or their employees usually have WISP. Healthcare entities are subject to develop their WISPs. Banking, insurance, and financial institutions also developed their WISPs for years. As a response to their industries’ privacy requirements.
State laws are expanding privacy requirements to cover all residents of the state. So, this means that all businesses within that state must have a WISP. Especially those that maintain information on their employees. Thus protecting that information.
Additionally, businesses that do not implement a WISP play a risky game. Why? That’s because security incidents happen every day. Hackers are rampant. Thus we hear news of breach making headlines.
One of the key elements of an effective WISP is security risk assessment. A qualified and certified third-party should conduct the risk assessment. The same thing for auditing and monitoring.
Therefore, you cannot overstate the value of having a risk assessment and regular audits. Moreover, using a third-party for risk assessment and audit establishes a mindset. A mindset leading to a more effective security program applied in practical ways.
