The Information Security Policy at Insurance Companies: Ukrainian Context and U.S. Experience
Journal Title: Проблеми економіки - Year 2014, Vol 2014, Issue 4
Abstract
The article studies the prospects for the information security policy implemented by Ukrainian insurance companies. In particular, the legal framework and international information security standards ISO/IEC 27001:2013 and ISO/IEC 27002:2013 were analyzed, as well as the role of the information security policy according to the new version of the international information security standard ISO/IEC 27002:2013. The study analyzes key risk evaluation factors in forming the information security policy of Philadelphia Insurance Companies, a U.S.-based risk insurance company. The author concludes that despite the fact that operations of an insurance company, as well as any other financial institution, for example, a commercial bank, have distinctive properties, their information security is based on the generally accepted principles and requirements of international standards. Each Ukrainian insurance company can currently solve the problems of forming and implementing the information security policy in accordance with the national legislation, international standards and the experience of foreign insurance companies. Simultaneously, due to lack of stability in the socio-economic and political situation in our state and the resulting uncertainty of operating conditions of the insurance market even in the most immediate future, domestic insurance companies cannot stabilize and predict their incomes, which restricts the possibility of planning and pursuing a well-defined IT policy, including the information security policy.
Authors and Affiliations
Olga Zhabynets
Keywords
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