Security Assessment Policy Template for Philippines

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Key Requirements PROMPT example:

Security Assessment Policy

"I need a Security Assessment Policy for our Manila-based financial services company that ensures compliance with BSP Circular 808 and includes specific provisions for third-party vendor assessments, scheduled to be implemented by March 2025."

Document background
The Security Assessment Policy serves as a critical governance document for organizations operating in the Philippines, establishing standardized procedures for evaluating and maintaining information security controls. This document becomes necessary when organizations need to establish systematic approaches to identifying, assessing, and mitigating security risks while ensuring compliance with Philippine regulations, particularly the Data Privacy Act and Cybercrime Prevention Act. The policy includes comprehensive guidelines for conducting security assessments, defining roles and responsibilities, establishing assessment frequencies, and maintaining documentation. It is especially relevant in the context of increasing cyber threats and regulatory scrutiny in the Philippines, where organizations must demonstrate robust security practices and regulatory compliance. The Security Assessment Policy typically integrates requirements from various Philippine regulatory bodies, including the National Privacy Commission and the Department of Information and Communications Technology, making it an essential tool for risk management and compliance.
Suggested Sections

1. Purpose and Scope: Defines the objective of the security assessment policy and its applicability within the organization

2. Policy Statement: Clear declaration of the organization's commitment to security assessments and compliance with Philippine regulations

3. Definitions: Detailed explanations of technical terms, concepts, and abbreviations used throughout the policy

4. Roles and Responsibilities: Defines key stakeholders and their specific duties in the security assessment process

5. Assessment Requirements: Core requirements for security assessments, including frequency, scope, and mandatory elements

6. Assessment Methodology: Standardized approaches and procedures for conducting security assessments

7. Risk Assessment Framework: Framework for evaluating and categorizing security risks

8. Compliance Requirements: Specific compliance requirements under Philippine law, including Data Privacy Act and Cybercrime Prevention Act

9. Reporting and Documentation: Requirements for documenting and reporting assessment findings

10. Incident Response Integration: How security assessments integrate with incident response procedures

11. Review and Updates: Process for regular review and updating of the security assessment policy

Optional Sections

1. Cloud Security Assessment: Specific requirements for cloud-based systems, recommended for organizations using cloud services

2. Third-Party Assessment: Requirements for assessing third-party vendors and service providers, necessary if organization relies on external vendors

3. Industry-Specific Requirements: Additional requirements for specific industries (e.g., financial institutions, healthcare providers)

4. Remote Work Security: Security assessment considerations for remote work environments, relevant for organizations with remote workers

5. International Data Transfer: Assessment requirements for international data transfers, necessary for organizations operating globally

6. IoT Device Security: Specific requirements for IoT device assessment, relevant for organizations using IoT technology

Suggested Schedules

1. Security Assessment Checklist: Detailed checklist for conducting security assessments

2. Risk Assessment Matrix: Template for risk evaluation and categorization

3. Assessment Report Template: Standardized template for documenting assessment findings

4. Compliance Mapping: Mapping of policy requirements to Philippine regulatory requirements

5. Technical Security Standards: Detailed technical standards and benchmarks for security assessments

6. Assessment Timeline Template: Template for scheduling and tracking assessment activities

7. Incident Classification Guide: Guidelines for classifying security incidents discovered during assessments

8. Remediation Plan Template: Template for documenting and tracking remediation activities

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Banking and Financial Services

Healthcare

Technology and Telecommunications

Government and Public Sector

Education

E-commerce

Manufacturing

Business Process Outsourcing

Insurance

Retail

Transportation and Logistics

Energy and Utilities

Relevant Teams

Information Security

IT Operations

Risk Management

Compliance

Internal Audit

Legal

Information Technology

Data Protection

Security Operations

IT Governance

Infrastructure

Privacy

Relevant Roles

Chief Information Security Officer

Information Security Manager

Risk Management Officer

Compliance Officer

IT Director

Security Analyst

Systems Administrator

Data Protection Officer

IT Auditor

Network Security Engineer

Privacy Officer

Security Operations Manager

IT Governance Manager

Chief Technology Officer

Information Security Specialist

Industries
Data Privacy Act of 2012 (Republic Act 10173): The comprehensive law that protects individual personal information in information and communications systems. It sets requirements for security assessments when processing personal data.
Cybercrime Prevention Act of 2012 (Republic Act 10175): Provides legal framework for the prevention, investigation, and prosecution of cybercrimes. Influences security assessment requirements for digital systems and networks.
NPC Circular No. 16-01: Security measures for personal data protection, including guidelines on security assessments and risk management issued by the National Privacy Commission.
NPC Circular No. 2016-03: Personal Data Breach Management requirements, which influence how security assessments should evaluate potential breach risks and preparedness.
DICT Department Circular No. 014: Provides guidelines for Philippine Government Agencies in the Implementation of Information Security Management Systems, relevant for security assessments in government contexts.
BSP Circular No. 808: Guidelines on Information Technology Risk Management for BSP-Supervised Financial Institutions, including requirements for security assessments in the financial sector.
E-Commerce Act of 2000 (Republic Act 8792): Provides legal recognition for electronic documents and signatures, affecting security assessment requirements for e-commerce systems.
National Cybersecurity Plan 2022: Strategic framework for enhancing cybersecurity capabilities and resilience, providing guidance for security assessment standards.
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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