An information security management system (ISMS) is a set of policies concerned with information security management or IT related risks. The idioms arose primarily out of ISO 27001.
The governing principle behind an ISMS is that an organization should design, implement and maintain a coherent set of policies, processes and systems to manage risks to its information assets, thus ensuring acceptable levels of information security risk.
Read more about Information Security Management System: ISMS Description, Need For A ISMS, Critical Success Factors For ISMS
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