Background. Here are a few example document classifications that will fit most business requirements: Public: Documents that are not sensitive and there is no issue with release to the general public i.e. The purpose of this policy is to outline the acceptable approach for classifying university information assets into risk levels to facilitate determination of access authorization and appropriate security control. Information Asset classification reflects the level of impact to the University if confidentiality, integrity or availability is compromised. Information to an organization, remains to be an asset especially those in IT sphere. If competitors manage to work their way to your proprietary information, the consequences may be grievous, since you may lose your competitive edge because of that. CONTENTS Also, the data classification program does not need to be overly complex and sophisticated. Information Asset Classification: Restricted Whistleblowing Management Policy Policy Group RAA Group Document Number Not assigned Version Number 3.0 Owner Senior Manager, Group Risk and Compliance Approval Date 16 December 2019 Next Review Date 1 June 2021 Contact Senior Manager, Group Risk and Compliance Document History Available at http://advisera.com/27001academy/blog/2014/05/12/information-classification-according-to-iso-27001/ (19/10/2016), Rodgers, C. (2012). 1. The majority of security experts lay stress on this part of the classification process because it develops rules that will actually protect each kind of information asset contingent on its level of sensitivity. Information asset classification ensures that individuals who have a legitimate right to access a piece of information can do so, whilst also ensuring that assets are protectedfrom those who have no … Security experts define classifying data as a process of categorizing all data assets at the disposal of a given organization by a value which takes into account data sensitivity pertinent to the different categories of assets. CQUniversity CRICOS Provider Code: 00219C INFORMATION ASSETS SECURITY CLASSIFICATION POLICY . In fact, most employers collect PHI to provide or supplement health-care policies. From 2008-2012, Dimitar held a job as data entry & research for the American company Law Seminars International and its Bulgarian-Slovenian business partner DATA LAB. Every organization that strives to be on the safe side needs to implement a workable data classification program. The Government Security Classification Policy came into force on 2 April 2014 and describes how HM Government classifies information assets to ensure they are appropriately protected. Most companies in real life outline in detail these four steps in a document called an Information Classification Policy. The private sector classification scheme is the one on which the CISSP exam is focused. This category is reserved for extremely sensitive data and internal data. Available at http://policy.usq.edu.au/documents/13931PL (19/10/2016), Kosutic, D. (2014). The second diagram is based on a figure in “Information classification according to ISO 27001” by Kosutic, D. Available at http://advisera.com/27001academy/blog/2014/05/12/information-classification-according-to-iso-27001/ (19/10/2016). This information is often confidential, and it can be within the following range of creations: software programs, source and object code, copyright materials, engineering drawings, designs, inventions (whether or not patent protected), algorithms, formulas, schemes, flowcharts, processes of manufacturing, marketing, trade secrets, pricing and financial data, etc. Public – The lowest level of classification whose disclosure will not cause serious negative consequences to the organization. Furthermore, such a value should be based upon the risk of a possible unauthorized disclosure. The Documentation Template decreases your workload, while providing you with all the necessary instructions to complete this document as part of the ISO 27001 certification requirement. 5 Privacy Generally speaking, this means that it improves future revenues or reduces future costs. Additionally, data classification schemes may be required for regulatory or other legal compliance. Available at https://kb.iu.edu/d/augs (19/10/2016). Information classification according to ISO 27001. 6. Required fields are marked *. Get the latest news, updates & offers straight to your inbox. Data Classification Process Effective Information Classification in Five Steps. In this regard, one would say, and reasonably so, that a data classification program provides decision-makers with a clearer view of what constitutes the company’s most important information assets and how to distribute the company’s resources in such a way so as to protect its most critical digital infrastructure. Asset identification needs to … Once you know that certain data is so sensitive so that it seems to be indispensable, you will take necessary measures to defend it; perhaps by allocating funds and resources in that direction. CISSP Domain 1: Security and Risk Management- What you need to know for the Exam, Risk Management Concepts and the CISSP (Part 1), Earning CPE Credits to Maintain the CISSP, CISSP Domain 5: Identity and Access Management- What you need to know for the Exam, Understanding the CISSP Exam Schedule: Duration, Format, Scheduling and Scoring (Updated for 2019), The CISSP CBK Domains: Information and Updates, CISSP Concentrations (ISSAP, ISSMP & ISSEP), CISSP Prep: Security Policies, Standards, Procedures and Guidelines, The (ISC)2 Code of Ethics: A Binding Requirement for Certification, CISSP Domain 7: Security Operations- What you need to know for the Exam, Study Tips for Preparing and Passing the CISSP, Logging and Monitoring: What you Need to Know for the CISSP, CISSP Prep: Mitigating Access Control Attacks, What is the CISSP-ISSEP? 4. Unclassified – It is the lowest level in this classification scheme. Information Assets Security Classification Policy Effective Date: 15/09/2020 Reference Number: 2647 Page 1 of 5 Once PRINTED, this is an UNCONTROLLED DOCUMENT. He obtained a Master degree in 2009. Dimitar attended the 6th Annual Internet of Things European summit organized by Forum Europe in Brussels. classification of information assets. Information Management Markers (IMM) are optional protective markings which may be used where a legislative or professional restriction may apply to disclosure of information contained. 1.1 PROCEDURE OWNER However, in order to protect it, factors like cost, effort, time, energy are involved on the part of the management. CLASSIFICATION LEVELS Refer to Policy Site for latest version. The three main goals of this policy are: a. Furthermore, this data is neither sensitive nor classified, and hence it is available to anyone through procedures identified in the Freedom of Information Act (FOIA). It will put an enormous strain on everyone’s nerves, to say the least, or even lead to erroneous business practices and organizational chaos – e.g., employees may start shredding public information and recycle confidential data. 6.9 All IT projects and services which require significant handling of information should have a DPIA Information Security System Management Professional, CISSP Domain 4: Communications and Network Security- What you need to know for the Exam, Understanding Control Frameworks and the CISSP, Foundational Security Operations Concepts, What is the HCISPP? Use results to improve security and compliance. KEY PRINCIPLES . Available at https://security.illinois.edu/content/data-classification-guide (19/10/2016), Information Asset and Security Classification Procedure. In the U.S., the two most widespread classification schemes are A) the government/military classification and B) the private sector classification. Defining a scheme for the proper classification of information; and, c. Defining ownership of information and related duties, 1. Certified Information Systems Security Professional Study Guide (7th Edition). Apply labels by tagging data. This document provides guidelines for the classification of information as well as its labeling, handling, retention and disposition. Ensuring an appropriate level of protection of information within Company, b. PHI is any information on a health condition that can be linked to a specific person. According to a definition by the National Institute of Standards and Technology (NIST), PII is information about an individual maintained by an agency which: Organizations are obliged to protect PII, and there are many laws which impose requirements on companies to notify individuals whose data is compromised due to a data breach. The requirement to safeguard information assets must be balanced with the need to support the pursuit of university objectives. • “Information Asset Classification Level”: the classification of information by value, criticality, sensitivity, and legal implications to protect the information through its life cycle. The goal of Information Security is to protect the confidentiality, integrity and availability of Information Assets and Information Systems. The third and fourth diagrams are based on information provided in “Certified Information Systems Security Professional Study Guide (7th Edition)” by Stewart, J., Chapple, M., Gibson, D. Dimitar Kostadinov applied for a 6-year Master’s program in Bulgarian and European Law at the University of Ruse, and was enrolled in 2002 following high school. Take advantage of the 25% OFF when buying the bundle! 6.2 DOCUMENT REVISION, Your email address will not be published. Available at http://www.riskmanagementmonitor.com/cybersecurity-risks-to-proprietary-data/ (19/10/2016), What is sensitive data, and how is it protected by law? Information Classification Policy (ISO/IEC 27001:2005 A.7.2.1) COMPANY provides fast, efficient, and cost-effective electronic services for a variety of clients worldwide. Data Classification: Why is it important for Information Security? 4.1 Information Asset and Security Classification framework. Information Asset classification, in the context of Information Security, is the classification of Information based on its level of sensitivity and the impact to the University should that Information be disclosed, altered, or destroyed without authorisation. Kosutic provides a good example of how “Handling of assets” should work in his work “Information classification according to ISO 27001”: “[…] you can define that paper documents classified as Restricted should be locked in a cabinet, documents may be transferred within and outside the organization only in a closed envelope, and if sent outside the organization, the document must be mailed with a return receipt service.”. This field is for validation purposes and should be left unchanged. Information Classification Policy Page 7 of 8 will log the incident and refer it to the appropriate team, information administrator or Information Asset Owner as appropriate for them to action. 5. The three main goals of this policy are: a. | Privacy Policy | Terms of Service | Refund Policy | GDPR. Your email address will not be published. Information Classification Policy Page 7 of 8 will log the incident and refer it to the appropriate team, information administrator or Information Asset Owner as appropriate for them to action. An information asset is a body of information, defined and managed as a single unit, so that it can be The Information Assets Classification Policy sets out the principles under which information is to be classified. Policy Requirements for Information Assets Consequently, using a correct data classification program is undoubtedly cost-effective, because it enables a business to focus on those assets which face higher risks. Classified information can reside on a wide array of media, ranging from paper documents and information transmitted verbally to electronic documents, databases, storage media (e.g., hard drives, USBs, and CDs) and email. Information Classification Management Policy . Therefore, while low-risk data (classified as “Private”) requires a lesser level of protection, high-risk data (often labeled “Top Secret” or “Confidential) necessitates a maximum level of protection and care. The Chief Information Officer (CIO) is the approval authority for the Asset Identification and Classification Standard. diploma in Intellectual Property Rights & ICT Law from KU Leuven (Brussels, Belgium). PHI has been a hot topic during the 2016 U.S. presidential election, as it was challenged the morality of protecting such data at all costs. DEFINITIONS & ABBREVIATIONS Explain why data classification should be done and what benefits it should bring. Available at http://www.takesecurityback.com/tag/data-classification/ (19/10/2016), All Data Types. The following are illustrative examples of an information asset. Here is how the whole private sector classification looks like in the context of the Sony data breach in November 2014: “Confidential/Proprietary/” Level – unreleased movies, “Private” Level – salary information on 30,000 employees, “Sensitive” Level – lists of laid-off or dismissed employees; embarrassing emails, “Public” Level – Sony managed to protect the integrity of such information provided by them (e.g., on their website), You should remember that in contrast to the strict government/military classification scheme, companies can use any labels they desire. Top Secret – It is the highest level in this classification scheme. The defensive mechanisms related to copyright, patents, and trade secrets are, per se, insufficient to ensure the required level of protection for proprietary data. SANS has developed a set of information security policy templates. The unauthorized disclosure of such data can be expected to cause significant damage to the national security. Classifying data will also attempt to identify the risk and impact of a particular incident based on 1) the type of data and 2) the level of access to this data. The last section contains a checklist to assist with the identification of information assets. 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EXCEPTIONS As an industry leader, it is critical for COMPANY to set the standard for the protection of information assets from unauthorized access and compromise or disclosure. 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