Security Policy

Basics of Risk Management

Exposure to a chance of loss or damage tends to make companies and organizations more risk averse. In the ever-changing business world, enterprise Risk Management attempts lessen the seriousness or extent of risk when possible through best practices (ITIL) and security standards (ISO 27002, ISO 27005, PCI). The management of risk is even more strongly marked with regards to finance and insurance. The state of having financial security being vulnerable or exposed leads companies to maintain programs of financial risk management (Solvency 2) and governments to issue regulatory laws (Sarbanes Oxley in the United States and Basel II in Europe) and security regulations (HIPAA, GLBA) attempting to preserve and maintain desired outcomes.

Companies are facing an increase in time and financial resources necessary develop appropriate security policy and corporate compliance plan to ensure corporate regulatory compliance with the promulgation of national regulations and professional and corporate governance standards being put into effect in the world economy. Participants include both large and mid-sized publically traded companies who must adapt to more rigorous and exacting measures pertaining to office security compliance for payment card and credit card processing and management certification of internal control for financial reporting.