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. 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. This is something left at the discretion of the organizations themselves. Policy Requirements for Information Assets It is one thing to classify information, it is a completely different thing to label it. 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. 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. 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. Every organization that strives to be on the safe side needs to implement a workable data classification program. CONTENTS Sensitive data can be 4 kinds: confidential, proprietary, protected and other protected data. This guideline supports implementation of: information asset custodianship policy (IS44) OYA identifies and classifies its information assets by risk level and ensures protection according to classification levels. 2.2 This policy focuses specifically on the classification and control of non-national security information assets, and is primarily intended for the employees and individuals responsible for: • implementing and maintaining information assets • incorporating security, integrity, privacy, confidentiality, accessibility, quality and consistency, and • the specific classifications or categorisations of information assets. The purpose of this policy is to establish a framework for classifying data based on its sensitivity, value and criticality to the organization, so sensitive corporate and customer data can be secured appropriately. 6.9 All IT projects and services which require significant handling of information should have a DPIA Thus, HIPPA applies to the majority of organizations in the United States. The whole point of creating an asset inventory is to allow persons such as top executives to establish what kinds of classified information exist in the company, and who is responsible for it (or in other words, who is its owner). The Information Classification and Handling Policy document shall be made available to all the employees covered in the scope. Information Asset classification reflects the level of impact to the University if confidentiality, integrity or availability is compromised. In fact, most employers collect PHI to provide or supplement health-care policies. additional information that may identify a person – that is medical, financial, employment and educational information. 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.”. Available at http://policy.usq.edu.au/documents/13931PL (19/10/2016), Kosutic, D. (2014). 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. EXCEPTIONS Dimitar attended the 6th Annual Internet of Things European summit organized by Forum Europe in Brussels. This article will help you answer two main questions: In essence, these questions, along with their accompanying subsections, cover a small portion of one of the CISSP CBK’s domains, namely, the domain entitled Asset Security (Protecting Security of Assets), which consists of the following topics: For the most part, this article is based on the 7th edition of CISSP Official Study Guide. 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. In order to provide insight on the quality of our premium products, please register to our newsletter and you will get a FREE template for a Email Usage Procedure, to be easily customized to fit your business needs. 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. 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. 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. 5. IMMs must only be used in addition to a classification of OFFICIAL: Sensitive or higher. Ensuring an appropriate level of protection of information within Company. 1. Available at https://www.securestate.com/blog/2012/04/03/data-classification-why-is-it-important-for-information-security (19/10/2016). 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. The Information Security Team can support Information Asset Owners with advice on the appropriate classification of information. This guideline supports implementation of: information asset custodianship policy (IS44) the identification of information assets step in the Queensland Government ICT planning methodology. 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. 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? classification of information assets. Stewart, J., Chapple, M., Gibson, D. (2015). Save my name, email, and website in this browser for the next time I comment. Your email address will not be published. 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). Aims of the Policy 2.1. Available at https://security.illinois.edu/content/data-classification-guide (19/10/2016), Information Asset and Security Classification Procedure. must communicate the information value and classification when the information is disclosed to another entity. b. In effect, these two components, along with the possible business impact, will define the most appropriate response. 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. Businesses Ignore Significant Cybersecurity Risks to Proprietary Data. The requirement to safeguard information assets must be balanced with the need to support the pursuit of university objectives. Confidential Waste Disposal Policy v2.1 Information Classification Policy v2.6 Information Handling and Protection Policy v3.5 2. 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. Required fields are marked *. Available at http://www.takesecurityback.com/tag/data-classification/ (19/10/2016), All Data Types. What’s new in Legal, Regulations, Investigations and Compliance? on a website Purpose. Title: Information Asset Classification Policy Author: Jacquelyn Gracel V Ambegia Created Date: 5/5/2020 3:56:04 PM Top Secret – It is the highest level in this classification scheme. Information is considered as primary asset of an organization. Explain why data classification should be done and what benefits it should bring. Cyber Security Guidelines for Information Asset Management Version: 1.1 Page 6 of 11 Classification: Public 3. 6.9 All IT projects and services which require significant handling of information should have a DPIA 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. Available at http://advisera.com/27001academy/blog/2014/05/12/information-classification-according-to-iso-27001/ (19/10/2016), Rodgers, C. (2012). Additionally, data classification schemes may be required for regulatory or other legal compliance. 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. Also, one should learn these types of sensitive data: As the name suggests, this information can identify an individual. The unauthorized disclosure of such data can be expected to cause significant damage to the national security. 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. The following are illustrative examples of an information asset. Furthermore, such a value should be based upon the risk of a possible unauthorized disclosure. 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. 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. 4.2 INTERNAL Simple logic that reflects the company’s policies, goals, and common sense would probably suffice, However, in an article by Hilary Tuttle, the author finds it astonishing that “only 31% of respondents say their company has a classification system that segments information assets based on value or priority to the organization (this piece of information is from a new report from the Ponemon Institute and law firm Kilpatrick Townsend & Stockton).”, Abdallah, Z. This document provides guidelines for the classification of information as well as its labeling, handling, retention and disposition. 1.4 RELATED [COMPANY] NORMS AND PROCEDURES The purpose of classification is to ensure that information is managed in a manner This category is reserved for extremely sensitive data and internal data. Data Classification Policy 1 Introduction UCD’s administrative information is an important asset and resource. This field is for validation purposes and should be left unchanged. These three level of data are collectively known as ‘Classified’ data. Confidential – A category that encompasses sensitive, private, proprietary and highly valuable data. Information Systems Security Engineering Professional, 10 Reasons Why You Should Pursue a Career in Information Security, 3 Tracking Technologies and Their Impact on Privacy, Top 10 Skills Security Professionals Need to Have in 2018, Top 10 Security Tools for Bug Bounty Hunters, 10 Things You Should Know About a Career in Information Security, The Top 10 Highest-Paying Jobs in Information Security in 2018, How to Comply with FCPA Regulation – 5 Top Tips, 7 Steps to Building a Successful Career in Information Security, Best Practices for the Protection of Information Assets, Part 3, Best Practices for the Protection of Information Assets, Part 2, Best Practices for the Protection of Information Assets, Part 1, CISSP Domain 8 Refresh: Software Development Security, CISSP Domain 7 Refresh: Security Operations, CISSP Domain 6 Refresh: Security Assessment and Testing, CISSP Domain Refresh 4: Communications and Network Security, CISSP Domain 3 Refresh: Security Architecture and Engineering, CISSP Domain 1 Refresh: Security and Risk Management, How to Comply with the GLBA Act — 10 Steps, Julian Tang on InfoSec Institute’s CISSP Boot Camp: Compressed, Engaging & Effective, Best Practices for the Implementation of the Privacy by Design Concept in Smart Devices, Considering Blockchain as a Viable Option for Your Next Database — Part 1. Identifying assets. Tuttle, H. (2016). 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. 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. Secret – Very restricted information. Information Security on a Budget: Data Classification & Data Leakage Prevention. The Chief Information Officer (CIO) is the approval authority for the Asset Identification and Classification Standard. Classification Levels are defined in DAS Policy 107-004 -050 and referred to in statewide information security standards. Identity Governance and Administration (IGA) in IT Infrastructure of Today, Federal agencies are at high information security risk, Top Threats to Online Voting from a Cybersecurity Perspective, CISSP CAT Exam Deep Dive: Study Tips from InfoSec Institute Alum Joe Wauson, 2018 CISSP Domain Refresh – Overview & FAQ, Tips From Gil Owens on How To Pass the CISSP CAT Exam on the First Attempt, 10 Things Employers Need to Know About Workplace Privacy Laws, CISSP: Business Continuity Planning and Exercises, CISSP: Development Environment Security Controls, CISSP: DoD Information Assurance (IA) Levels, CISSP: Investigations Support and Requirements, CISSP for Government, Military and Non-Profit Organizations, CISSP – Steganography, An Introduction Using S-Tools, Top 10 Database Security Tools You Should Know, 25 Questions Answered about the new CISSP CAT Exam Update, Cryptocurrencies: From Controversial Practices to Cyber Attacks, CISSP Prep: Secure Site and Facility Design, Assessment and Test Strategies in the CISSP, Virtualization and Cloud Computing in the CISSP, CISSP Domain #2: Asset Security – What you need to know for the Exam, Computer Forensics Jobs Outlook: Become an Expert in the Field, Software Development Models and the CISSP, CISSP: Disaster Recovery Processes and Plans, CISSP Prep: Network Attacks and Countermeasures, Secure Network Architecture Design and the CISSP, CISSP Domain 8 Overview: Software Development Security, How to Hire Information Security Professionals, Identification and Authentication in the CISSP, What is the CISSP-ISSAP? • “Information Asset Classification Level”: the classification of information by value, criticality, sensitivity, and legal implications to protect the information through its life cycle. Our list includes policy templates for acceptable use policy, data breach response policy, password protection policy and more. All administrative information is categorised according to appropriate needs for protection, handling and compliance with regulatory requirements. Individual staff members are responsible for ensuring that sensitive information they produce is appropriately protected and marked with the appropriate classification. We are a company specialized in providing consulting services in the areas of policies and procedures development, business processes design and Internal & IT audit, ©2019 –2020 Basquillat Consulting INC. All Rights Reserved. Unclassified – It is the lowest level in this classification scheme. The last section contains a checklist to assist with the identification of information assets. Defining a scheme for the proper classification of information; and, c. Defining ownership of information and related duties, 1. These responsibilities are detailed below. 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. PHI has been a hot topic during the 2016 U.S. presidential election, hacked medical records belonging to top athletes, a new report from the Ponemon Institute and law firm Kilpatrick Townsend & Stockton, http://www.takesecurityback.com/tag/data-classification/, https://www.safecomputing.umich.edu/dataguide/?q=all-data, http://www.itmatrix.com/index.php/procedural-services/asset-identification-classification, https://security.illinois.edu/content/data-classification-guide, http://policy.usq.edu.au/documents/13931PL, http://advisera.com/27001academy/blog/2014/05/12/information-classification-according-to-iso-27001/, https://www.securestate.com/blog/2012/04/03/data-classification-why-is-it-important-for-information-security, http://www.riskmanagementmonitor.com/cybersecurity-risks-to-proprietary-data/. The sensitivity level will include the data classification should be classified information.., Kosutic, D. ( 2015 ) what is the cornerstone of organization! 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