Introduction How are information assurance policies developed within the title insurance industry? While each organization can choose to follow its own path, there is an established set of best practices available. These best practices are available from the American Land Title Association, and they address most of the issues that are related to information assurance in the industry, but do these practices completely cover all of the necessary areas of information assurance or are there weaknesses that need to be overcome? How can these best practices be improved and how would the improvements alter the daily function of the industry? Are there any barriers in place that may cause difficulty in implementing new procedures? All of these …show more content…
• Adopt and maintain written procedures related to title policy production, delivery, reporting, and premium remittance.
• Maintain appropriate professional liability insurance and fidelity coverage.
• Adopt and maintain written procedures for resolving consumer complaints.
While all of these best practices have a minor role in the information assurance policy development process, the practice for adopting and maintaining a written policy and information security program to protect Non-public Personal Information as required by local, state, and federal laws is the main focus in this regard. ALTA’s stated purpose of this practice is:
Federal and state laws (including the Gramm-Leach-Bliley Act) require title companies to develop a written information security program that describes the procedures they employ to protect Non-public Personal Information. The program must be appropriate to the Company’s size and complexity, the nature and scope of the Company’s activities, and the sensitivity of the customer information the Company handles. A Company evaluates and adjusts its program in light of relevant circumstances, including changes in the Company’s business or operations, or the results of security testing and monitoring.
There are eight procedures that must be performed to meet the requirements
The purpose of this project was to ensure the client is compliant with the requirements specified by the Grahm-Leach-Bliley Act. Information is what drives business today and if the information is not available or reliable then the business cannot function. Most customer’s information, financial records, medical records, and sales records are stored on computers today. Clients and the
Due to personnel, policy and system changes, and audits, Heart Healthy has voluntarily updated their information security policy to be in-line with the current information security laws and regulations. Currently Heart-Healthy Insurance, a large insurance company, plans to review and provide recommendations for an updated information security policy in the area ‘s of:
internal and external users to whom access to the organization’s network, data or other sensitive
Another step involves security checks upon implementation and describes agency-level threat to the business scenario or the mission. It similarly entails sanctioning the information system for processing and lastly constant monitoring of the security controls. FISMA and NIST's standards are aimed at offering the ways for agencies to achieve their identified missions with safety commensurate with the threat (United States Department of Agriculture, 2015). Together with guidelines from the Office of Management and Budget (OMB), FISMA and NIST create a framework for advancing and growing an information security scheme (SecureIT, 2008). Such framework includes control descriptions and evaluation, program development, and system certification and accreditation. The final objective involves conducting daily functioning of the agency and achieving the agency's articulated objectives with sufficient security commensurate with risk.
The purpose of this paper is to research and evaluate the legislative drivers for information security programs of State of Maryland in order to improve the information security policy to prevent loss of the confidentiality, integrity and availability of agency operations, organizational assets or individuals with new amendments in legislation. This paper elaborates the objectives of five proposals that would impact the information security policy of the State of Maryland upon becoming legislation.
This policy establishes the guidelines that the organization follows. This would include an acceptable use policy, an authentication policy, and an incident response policy (“The IT Security Policy Guide”, n.d., pg. 6). This policy will reflect the entire organizations security posture, not just the IT department ideas. A strong policy will help employees understand what is expected of them, and explain to customers how their information is protected.
Due to personnel, policy and system changes, and audits, Heart Healthy has voluntarily updated their information security policy to be in-line with the current information security laws and regulations. Currently Heart-Healthy Insurance, a large insurance company, plans to review and provide recommendations for an updated information security policy in the area ‘s of:
The purpose of this paper is to review State of Maryland information security program documentation and to determine the security standards used to create the program in order to protect confidentiality, integrity and availability of agency operations, organizational assets or individuals which is the main agenda of State of Maryland Department of information technology. We will also discuss about other standards that can be useful for the State of Maryland Information technology and compare and contrast the standards.
The organisation maintains policies for the effective and secure management of its information assets and resources.
This policy provides a framework for the management of information security throughout Cañar Networking organization. It applies to:
The security plan is formulated to protect the information and important resources from a wide variety of potential threats. This will promote business continuity, reduce business risks and increase the return on investment together with business opportunities. The security of information technology is attained by executing a suitable set of control, efficient policies, processes, organization structures, software and the hardware. These given controls ought to be formulated, put into action, assessed, analyzed and developed for productivity, where necessary. This will allow the explicit security and business objectives of the United States Department of health and Human Services to be accomplished (Easttom, 2006, p.32).
There are three primary goals for an information security metrics program: compliance with legal requirements; reduce risk by adding new or improving existing capabilities; improve efficiency or reduce cost. In order to achieve any of these goals it is extremely important to gather the appropriate data and formulate useful metrics. The need for useful security metrics cannot be overstated, but there can be confusion about what a metric is, and difficulty determining what a useful metric is. As a business USAA has a duty to protect and improve shareholder investments, and of course must comply with all applicable laws and regulations. There are a variety of laws and regulations that dictate security requirements for financial institutions.
Federal and state laws (including the Gramm-Leach-Bliley Act) require title companies to develop a written information security program that describes their procedures to protect non-public customer information. The program must be appropriate to the company’s size and complexity, the nature and scope of the company’s activities, and the sensitivity of the customer information the company handles. A company evaluates and adjusts its program in light of relevant circumstances, including changes in the firm’s business or operations, or the results of security testing and monitoring.
As technology grows and information has become a critical asset companies currently are devoted their resource and money to protect their data as important as their finance and human resource assets.
Designing a working plan for securing the organization s information assets begins by creating or validating an existing security blueprint for the implementation of needed security controls to protect the information assets. A framework is the outline from which a more detailed blueprint evolves. The blueprint is the basis for the design, selection, and implementation of all subsequent security policies, education and training programs, and technologies. The blueprint provides scaleable, upgradeable, and comprehensive security for the coming years. The blueprint is used to plan the tasks to be accomplished and the order in which