What is EN ISO 18023-9:2019

EN ISO 18023-9:2019 is a technical standard that provides guidelines and requirements for the development, implementation, and management of information security controls in the financial services industry. It is part of the ISO/IEC 27000 series, which covers various aspects of information security management systems (ISMS).

The Scope and Purpose of EN ISO 18023-9:2019

The scope of EN ISO 18023-9:2019 is to establish a common framework for financial institutions to manage information security risks and protect important assets, such as sensitive customer data, intellectual property, and financial transactions. The standard aims to ensure the confidentiality, integrity, and availability of information within the financial services sector.

Key Requirements and Recommendations

EN ISO 18023-9:2019 outlines several key requirements and recommendations to help financial institutions build robust information security controls. These include:

Defining information security policies and objectives

Conducting risk assessments and implementing risk treatment plans

Establishing and maintaining an effective information security management system

Implementing appropriate access controls and user management

Maintaining ongoing monitoring, measurement, analysis, and evaluation of the ISMS

Ensuring compliance with legal, regulatory, and contractual requirements

Benefits of Implementing EN ISO 18023-9:2019

By adopting EN ISO 18023-9:2019, financial institutions can enjoy several benefits:

Enhanced protection of sensitive information, reducing the risk of data breaches

Improved customer confidence and trust in the security of their financial transactions

Effective management of information security risks, preventing potential financial losses

Compliance with legal and regulatory requirements, avoiding penalties and sanctions

Efficient incident response and recovery procedures to minimize the impact of security incidents

In conclusion, EN ISO 18023-9:2019 provides a comprehensive framework for financial institutions to establish and maintain effective information security controls. By implementing this standard, organizations can strengthen their ability to protect sensitive information, meet regulatory requirements, and ensure the integrity of financial transactions.