Scope

This policy applies to all employees, contractors, partners, and any other parties with access to Banxton’s information systems and assets.

Objectives

1. Identify Information Security Risks: Continuously identify potential security threats to Banxton’s information assets.
2. Mitigate Information Security Risks: Implement measures to reduce the likelihood and impact of identified risks.
3. Monitor Information Security: Regularly review and monitor security controls to ensure their effectiveness.

Information Security Risk Management Risk Identification

• Asset Inventory: Maintain an up-to-date inventory of information assets, including hardware, software, data, and personnel.
• Threat Assessment: Identify potential internal and external threats to information assets, including cyber threats, physical breaches, and human errors.
• Vulnerability Assessment: Conduct regular vulnerability assessments to identify weaknesses in information systems and physical security.

Risk Mitigation

• Access Control:
  • Implement strict access controls to ensure that only authorized personnel can access sensitive information and systems.
  • Use multi-factor authentication (MFA) for accessing critical systems.
  • Regularly review and update user access rights.
• Data Encryption: Encrypt sensitive data both in transit and at rest to protect it from unauthorized access and breaches.
• Network Security: Deploy firewalls, intrusion detection/prevention systems (IDS/IPS), and anti-malware solutions to protect the network from cyber threats.
• Physical Security: Implement physical security controls, including secure facilities, access badges, surveillance cameras, and security personnel.
• Incident Response: Develop and maintain an incident response plan to quickly address and mitigate the impact of security incidents.
• Training and Awareness: Provide regular training to employees on information security best practices and the importance of protecting company assets.

Monitoring and Review

• Security Audits: Conduct regular internal and external security audits to evaluate the effectiveness of security controls and identify areas for improvement.
• Continuous Monitoring: Implement continuous monitoring tools to detect and respond to security incidents in real-time.
• Policy Review: Review and update the information security policy at least annually or as needed to address emerging threats and changes in the business environment.
• Compliance: Ensure compliance with relevant laws, regulations, and industry standards related to information security.

Roles and Responsibilities

• Chief Information Security Officer (CISO): Oversee the implementation and maintenance of the information security policy.
• IT Security Team: Implement and manage technical security controls, conduct vulnerability assessments, and respond to security incidents.
• Physical Security Team: Ensure the physical security of facilities and information assets.
• All Employees: Adhere to the information security policy, report potential security incidents, and participate in security training programs.

Conclusion

Banxton is dedicated to maintaining a robust information security program to protect our information assets from threats. This policy provides a comprehensive framework for identifying, mitigating, and monitoring information security risks. By adhering to this policy, Banxton ensures the security and integrity of its information systems and assets, safeguarding the trust and confidence of our customers and stakeholders.