Vulnerability and Threat Management Procedure Policy
1. Purpose
This policy establishes a framework for identifying, assessing, mitigating, and monitoring vulnerabilities and threats within the company’s IT infrastructure to protect sensitive data, maintain business continuity, and comply with industry regulations.
2. Scope
This policy applies to all company-owned systems, networks, applications, and employees involved in IT security. It also extends to third-party vendors handling company data.
3. Roles and Responsibilities
- IT Security Team: Responsible for implementing the vulnerability management process, conducting assessments, and applying patches.
- System Administrators: Ensure system configurations align with security best practices.
- Employees: Report any suspected vulnerabilities or security incidents.
- Compliance Team: Ensure adherence to regulatory requirements.
4. Vulnerability Identification
- Conduct periodic vulnerability scans using automated tools.
- Perform penetration testing at least annually.
- Monitor security advisories and threat intelligence sources for emerging threats.
- Implement a responsible disclosure program for external parties to report vulnerabilities.
5. Risk Assessment and Prioritization
- Classify vulnerabilities based on severity (Critical, High, Medium, Low).
- Assess the potential business impact of identified vulnerabilities.
- Prioritize remediation based on exploitability and risk exposure.
6. Mitigation and Remediation
- Deploy patches and updates for critical vulnerabilities within 48 hours.
- Implement compensating controls if immediate remediation is not possible.
- Configure systems securely to reduce exposure to threats.
- Maintain an incident response plan to address exploited vulnerabilities.
7. Monitoring and Reporting
- Continuously monitor for new vulnerabilities and threats.
- Generate and review vulnerability management reports monthly.
- Track remediation efforts and document actions taken.
8. Policy Compliance
- Regular audits will be conducted to ensure adherence.
- Employees and vendors failing to comply may face disciplinary action.
9. Review and Updates
- This policy will be reviewed and updated annually or as needed based on emerging threats and regulatory changes.