Information security management — Guidelines for cyberinsurance 3 Terms and definitionsFor the purposes of this document, the terms and definitions given in ISO/IEC 27000 and the following apply.ISO and IEC maintain terminological databases for use in standardization at the following addresses:— ISO Online browsing platform: available at https: //www .iso .org/obp— IEC Electropedia: available at …
Information security management — Guidelines for cyberinsurance 4 Structure of this documentGuidelines are given in Clauses 5 to 8.Clause 5 provides information and a general description of cyber-insurance; Clause 6 discusses cyber-risk of an organization that can be covered under a cyber-insurance policy. Both Clause 5 and Clause 6 are of relevance to both the …
Information security management — Guidelines for cyberinsurance 5 Overview of cyber-insurance and cyber-insurance policy 5.1 Cyber-insurance Cyber-insurance is a risk treatment option that can compensate the insured against potentially significant financial losses associated with a cyber-incident. Cyber-insurance is provided by an insurer who underwrites risks by signing and accepting liability, thus guaranteeing payment to the …
Information security management — Guidelines for cyberinsurance 6 Cyber-risk and insurance coverage 6.1 Risk management process and cyber-insurance A cyber-insurance policy generally allows the insured to reduce losses from cyber-risks through the sharing of these risks with an insurer.An organization should be protected from cyber-risks by using a process that actively predicts, identifies, assesses, treats …
Information security management — Guidelines for cyberinsurance 7 Risk assessment supporting cyber-insurance underwriting 7.1 Overview The process for creating a cyber-insurance policy, also referred to as the underwriting process, typically involves a number of preparatory activities to assist in determining whether to accept the insured’s cyber-risk and to determine an adequate price for the cyber-risk …
Information security management — Guidelines for cyberinsurance 8 Role of ISMS in support of cyber-insurance 8.1 Overview ISO/IEC 27001 provides organizations with a structured management framework for an ISMS designed to establish, implement, maintain and continually information security. An effective ISMS allows an organization to:a) identify, analyze, and address its information security risks;b) continually secure …
Information security management — Guidelines for cyberinsurance Scope This document provides guidelines when considering purchasing cyber-insurance as a risk treatment option to manage the impact of a cyber-incident within the organization’s information security risk management framework. This document gives guidelines for: a) considering the purchase of cyber-insurance as a risk treatment option to share cyber-risks;b) …
In today’s data-driven world, privacy and information security have become paramount concerns for organizations globally. ISO 27701 is a privacy extension to the widely adopted ISO 27001 standard, providing a framework for implementing, maintaining, and continuously improving a Enhancing Privacy Information Management Management System (PIMS). This blog post will explore the requirements of ISO 27701 …
Understanding the Requirements of ISO 27701: Enhancing Privacy Information Management Read More »
Understanding the Requirements of ISO 27701 ISO 27701 is an extension to ISO 27001 and ISO 27002 for privacy information management. It provides guidelines for establishing, implementing, maintaining, and continuously improving a Privacy Information Management System (PIMS). This standard helps organizations manage privacy risks related to personal data, ensuring compliance with various data protection regulations. …
A Guide for IT Professionals ISO 27701 is an extension to ISO 27001, focusing specifically on privacy information management. This extension provides a framework for organizations to manage Personally Identifiable Information (PII) while ensuring privacy and data protection. If you’re an IT professional looking to enhance privacy management within your organization, ISO 27701 offers essential …
