CLASSIFICATION LEVELS Confidential – A category that encompasses sensitive, private, proprietary and highly valuable data. 3. A data classification scheme helps an organization assign a value to its information assets based on its sensitivity to loss or disclosure and its criticality to the organization’s mission or purpose, and helps the organization determine the appropriate level of protection. • “Information Asset Classification Level”: the classification of information by value, criticality, sensitivity, and legal implications to protect the information through its life cycle. 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. Available at http://www.itmatrix.com/index.php/procedural-services/asset-identification-classification (19/10/2016), Data Classification Guide. Private – Data for internal use only whose significance is great and its disclosure may lead to a significant negative impact on an organization. EXCEPTIONS Thus, protection of this information is the very essence of the ISO 27001 standard. It should be noted that the asset owner is usually responsible for classifying the company information. The first diagram is based on an image that can be found here. 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. The three main goals of this policy are: a. The Access Control System Security Standard specifies the requirements with respect to the "need-to-know / need to have" principle, segregation of duties, user account management, access management, logging and access specific system configuration requirements. 4.1 PUBLIC Imagine, for instance, a company that cannot identify its most significant information assets, so it treats all of its data as highly confidential. 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. Information classification according to ISO 27001. classification of information assets. data owners, system owners), Handling requirements (e.g. Asset identification needs to … 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. The private sector classification scheme is the one on which the CISSP exam is focused. The intent of the Information Asset Classification Policy (the “Policy”) is to establish employee responsibilities for processing information, including both business data and personal data, in line with its business value and legal and regulatory requirements. By using this 27001 INFORMATION CLASSIFICATION POLICY Document Template, you have less documentation to complete, yet still comply with all the necessary guidelines and regulations. 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. INFORMATION OWNER It is a common misconception that only medical care providers, such as hospital and doctors, are required to protect PHI. An information asset is a body of information, defined and managed as a single unit, so that it can be Unclassified – It is the lowest level in this classification scheme. 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. Examples of the types of data elements for the low, moderate and high risk categories are provided in the UW System Administrative Procedure 1031.A - Information Security: Data Classification document. Information is considered as primary asset of an organization. CONTENTS Proprietary data, among other types of data, falls into this category. The Information Security Team can support Information Asset Owners with advice on the appropriate classification of information. IMMs must only be used in addition to a classification of OFFICIAL: Sensitive or higher. It is the cornerstone of an effective and efficient business-aligned information security program. 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. The classification of information will be the responsibility of the Information custodian. KEY PRINCIPLES . 1.6 AUDIENCE AND SCOPE By way of illustration, databases, tables and sequences of files carry an increased risk due to their larger size and possibility of a single event to result in a massive data breach. o Mobile Computing Policy . Available at http://advisera.com/27001academy/blog/2014/05/12/information-classification-according-to-iso-27001/ (19/10/2016), Rodgers, C. (2012). markings, labels, storage), can be used to distinguish or track an individual’s identity based on identifiers, such as name, date of birth, biometric records, social security number; and. 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.”. 4. Purpose Information asset classification is required to determine the relative sensitivity and criticality of information assets, which provide the basis for protection efforts and access control. Information Security on a Budget: Data Classification & Data Leakage Prevention. 6.9 All IT projects and services which require significant handling of information should have a DPIA Additionally, data classification schemes may be required for regulatory or other legal compliance. In the context of the CISSP exam, the term “asset” encompasses not only 1) sensitive data, but also 2) the hardware which process it and 3) the media on which is stored. Purpose. Certified Information Systems Security Professional Study Guide (7th Edition). 6. The goal of Information Security is to protect the confidentiality, integrity and availability of Information Assets and Information Systems. Information is being accessed through, and maintain… Additionally, data classification schemes may be required for regulatory or other legal compliance. Please use the form below to subscribe to our list and receive a free procedure template! He obtained a Master degree in 2009. A “Confidential” level necessitates the utmost care, as this data is extremely sensitive and is intended for use by a limited group of people, such as a department or a workgroup, having a legitimate need-to-know. Take advantage of the 25% OFF when buying the bundle! 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. In order to provide insight on the quality of our premium products, please register to our newsletter and you will get a, Program Development and Change Management. Cyber Security Guidelines for Information Asset Management Version: 1.1 Page 6 of 11 Classification: Public 3. Therefore the classification of the sensitivity level will include the data collection as a whole. • “Information Asset Classification Level”: the classification of information by value, criticality, sensitivity, and legal implications to protect the information through its life cycle. 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The last section contains a checklist to assist with the identification of information assets. Available at https://kb.iu.edu/d/augs (19/10/2016). A considerable amount of damage may occur for an organization given this confidential data is divulged. diploma in Intellectual Property Rights & ICT Law from KU Leuven (Brussels, Belgium). DEFINITIONS & ABBREVIATIONS 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? The individuals, groups, or organizations identified in the scope of this policy are accountable for one or more of the following levels of responsibility when using Company informati… OVERVIEW Create an information asset inventory In the context of the CISSP exam, the term “asset” encompasses not only 1) sensitive data, but also 2) the hardware which process it and 3) the media on which is stored. Most standardization policies— for instance, ISO 27001— do not prescribe a specific framework classification of information. CQUniversity CRICOS Provider Code: 00219C INFORMATION ASSETS SECURITY CLASSIFICATION POLICY . Ensuring an appropriate level of protection of information within Company. This is something left at the discretion of the organizations themselves. Beware also of disgruntled (former) employees. 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. Dimitar also holds an LL.M. What’s new in Legal, Regulations, Investigations and Compliance? According to the 7th edition of CISSP Official Study Guide, sensitive data is “any information that isn’t public or unclassified.” The applicable laws and regulations may also answer the question: What information is sensitive? 4.3 CONFIDENTIAL Title: Information Asset Classification Policy Author: Jacquelyn Gracel V Ambegia Created Date: 5/5/2020 3:56:04 PM The requirement to safeguard information assets must be balanced with the need to support the pursuit of university objectives. 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. SE must be trusted by partners and clients as an organisation that will respect the information Your email address will not be published. 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. 1.1 PROCEDURE OWNER In the U.S., the two most widespread classification schemes are A) the government/military classification and B) the private sector classification. Sensitive information bits in data collections are unlikely to be segregated from less sensitive ones. Available at https://security.illinois.edu/content/data-classification-guide (19/10/2016), Information Asset and Security Classification Procedure. Information Access and Disclosure Policy OD … Information classification is an on-going risk management process that helps identify critical information assets - data, records, files - so that appropriate information security controls can be applied to protect them. Information Classification Management Policy . 1.3 APPLICABLE REGULATIONS 6.1 DISCIPLINARY ACTIONS AGAINST PROCEDURE VIOLATION PHI is any information on a health condition that can be linked to a specific person. Available at https://www.securestate.com/blog/2012/04/03/data-classification-why-is-it-important-for-information-security (19/10/2016). Save my name, email, and website in this browser for the next time I comment. Sensitive – A classification label applied to data which is treated as classified in comparison to the public data. 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Company expects its employees and contingent workers to maintain the highest standards of professional conduct, including adhering to applicable laws, rules and regulations, as well as applicable internal policies, alerts and procedures. As it was the case with the classification part, here the asset owner has the freedom to adopt whichever rules he finds suitable for his company. Information Assets Security Classification Policy Effective Date: 15/09/2020 Reference Number: 2647 Page 1 of 5 Once PRINTED, this is an UNCONTROLLED DOCUMENT. Get your FREE Email Usage Procedure template! Required fields are marked *. The three main goals of this policy are: a. Classification Levels are defined in DAS Policy 107-004 -050 and referred to in statewide information security standards. Under normal circumstances, this process also relies on evaluation results derived from a risk assessment – again, the higher the risk, the higher the classification level. Stewart, J., Chapple, M., Gibson, D. (2015). An information asset is a body of information, defined and managed as a single unit, so that it can be understood, shared, protected and utilized effectively. 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. Information Asset Owners are typically senior-level employees of the University who oversee the lifecycle of one or more pieces/collections of information. Identifying assets. 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. The following are illustrative examples of an information asset. The Chief Information Security Officer (CISO) is responsible for the development, implementation, and maintenance of the Asset Identification and Classification Policy and associated standards and guidelines. What’s new in Business Continuity & Disaster Recovery Planning, CISSP – Security Architecture & Design – What’s New in 3rd Edition of CISSP CBK, CISSP – Software Development Security – What’s New in 3rd Edition of CBK, CISSP – Cryptography – What’s New in 3rd Edition of CBK, CISSP – Information Security Governance & Risk Management – What’s New in 3rd Ed of CBK, CISSP – Telecommunications and Network Security – What’s New in 3rd Edition of CISSP CBK, CISSP – Access Control – What’s New in 3rd Edition of CISSP CBK, InfoSec Institute CISSP Boot Camp Instructor Interview, CISSP Training – InfoSec Institute and Intense School, (ISC)2 CISSP requirements and exam changes on January 1, 2012. They are responsible for controlling access to this information in accordance with the classification profile assigned to the information (refer to . Guide ( 7th Edition ) very essence of the University who oversee the lifecycle of one more! 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