Big4GuyWelcome to Big4Guy.com. Big4Guy is an online resource where I will share with you the latest news, insights, knowledge and some experiences as a Big 4 consultant. We will discuss some of the important issues which organisations are facing today in the areas of information security, security and controls in SAP R/3, Oracle Applications, J.D.Edwards, Peoplesoft and various other ERP's. You will also find information on latest complaince regulations like Sarbanes Oxley, Basel II and so on. Big4guy will also attempt to provide valuable resources for individuals interested in examinations the CISA, CISM, CISSP, PMP and various other security certifications considered essential for entry in any Big 4 accounting, auditing and consulting firms. You are invited to post your comments and viewpoints to posts here. I sincerely hope this online journal will be useful to everyone from a budding student to a professional in the accounting, auditing, management and consultancy professions.
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One of the keys to better security in the organization is a comprehensive information security policy. A well documented information security policy with senior management support can go a long way in helping the defense indepth cause. Lately, I came across an article in a magazine on four important issues to consider before developing a security policy. The problem most companies face while developing a security policy is to develop a policy which is both implementable and organization specific. The four factors before developing an information security policy are as under:
1. What purpose does the management intend to serve by drafting a security policy? This points at, what is the risk management is trying to address through the security policy?
2. What does the management expect employees or individuals who are accountable to do once the policy is in place? How would management ensure buy-out of the policy at all levels in the organization?
3. What process does the management intend to put in place to ensure conformance with the policy? What monitoring processes would be instated?
4. Finally, management needs to understand the risk of a policy non-complaince. If compliance to policy fails what corrective action does the management intend to take? In other words, what mitigating controls would the management prefer to have?
The above four issues combined can help the management in making an informed decision while formulating information security policies.
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