"More than 25 states in the United States now require companies to have a WISP or some alternative form of security measures in place."
A Written Information Security Program, or WISP, documents the measures a business or organization enforces to ensure that personal or sensitive information is secure. WISPs describe exactly what technical and administrative policies and procedures an organization has in place as well as what liabilities they are responsible for in case a security breach does occur. In other words, a WISP is a written plan that certain businesses are required to have to protect customer data.
A WISP is crucial for any business, especially those that handle sensitive customer information like law firms, healthcare providers, and accounting firms. The following are just a few reasons why you should implement a WISP in your company:
WISPs require certain technical and administrative safeguards to be in place to ensure that customer information remains secure and confidential. However, a WISP should be a program within an organization, not a policy. Therefore, a WISP needs to describe the systems that run an organization to ensure that sensitive information is protected. Some elements of these systems include:
WISPs significantly vary when it comes to the different security controls that they cover. These differences are due to factors such as the size of your business, the scope of its activities, the industry it operates in, and the relevant state laws. In other words, what a WISP looks like is unique to each business.
In conclusion, having a WISP in place shows potential clients and investors that your company takes cybersecurity seriously and is willing to put forth the necessary time, effort, and resources to ensure security. Not only that, but it demonstrates that you value information safety and that your company is ready to keep information secure in the event of a disaster. Sumsion Business Law can help you and your company create a WISP tailored to your needs and the relevant requirements governing your business.