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Security Policies

Security policies ensure that management's intentions on IT security are applied consistently throughout the organization. They help manage proactively in a "prevent, deter and detect" perspective as opposed to a reactive "correct and recover" approach. Implementation of good IT security policies helps establish and maintain a secure computing environment.

Security policies are decided and based on the type of company, legislative, legal and regulatory security requirements that apply. The following legislative regulations apply to companies.Security policies ensure that management's intentions on IT security are applied consistently throughout the organization. They help manage proactively in a "prevent, deter and detect" perspective as opposed to a reactive "correct and recover" approach. Implementation of good IT security policies helps establish and maintain a secure computing environment.

Security policies are decided and based on the type of company, legislative, legal and regulatory security requirements that apply. The following legislative regulations apply to companies.
 
Regulation
Mandating Organisation
Affected Companies
Sarbanes-Oxley
US Securities and Exchange Commission (SEC)
Companies publicly traded on US exchanges
Gramm-Leach-Bliley
US Office of the Comptroller of the Currency (OCC)
All financial institutions regulated by the OCC
HIPAA Security
US Department of Health and Human Services (DHHS)
Healthcare organizations in the US
21 CFR Part 11
US Food and Drug Administration (FDA)
Companies regulated by FDA (i.e. pharmaceuticals)
Basel II
Basel Committee on Banking Supervision
Global financial service organizations
95/46/EC
European Union (EU)
Companies conducting business in EU member nations
Indian – IT Act 2000
Ministry of Law, Justice and Company Affairs (Legislative Department)
All Companies

There are also industry security best practices like
· ISO 17799
· CERT Guidelines