Information security governance is a critical facet of overall corporate governance. It must be an integral and transparent part of enterprise governance. It consists of the leadership, organizational structures and processes that protect vital information for successful business. Information security governance must provide a level of assurance to senior management that critical decisions are not based on faulty information. It also has to protect the organization’s reputation and improve trust in customer relationships. It is providing a firm foundation for effective risk management, process improvement, fast and successful incident response, and business continuity management.
To achieve effective information security governance management should establish and maintain a governance framework. It will generally consist of:
- A comprehensive security strategy linked with business objectives;
-Security policies that address each aspect of strategy, controls and regulation;
- A complete set of standards for each policy to ensure that procedures and guidelines comply with policy;
- An effective security organizational structure with sufficient authority and adequate resources;
- An institutionalized metrics and monitoring processes to ensure compliance provide feedback on effectiveness and provide the basis for appropriate management decisions.
There are six basic outcomes of effective information security governance: Strategic alignment, Risk Management, Value Delivery, Resource Management, Performance Measurement, and Integration.