Network Security Policy

Purpose

  1. The purpose of this Network Security Policy is to safeguard CyberX's network infrastructure against unauthorized access, cyber-attacks, and other threats that could compromise the confidentiality, integrity, and availability of the firm’s data and operational capabilities.

Scope

  1. This policy applies to all employees, contractors, consultants, and third-party partners who use or have access to CyberX's network and computing resources, encompassing all hardware, software, and electronic data managed by the firm.

Policy Details

  1. Network Access Control
    1. Network access will be strictly controlled. User identities and credentials must be verified using secure authentication methods such as passwords, biometrics, and multi-factor authentication (MFA).
    2. Access rights and permissions will be assigned based on job roles, with a regular review process to update or revoke access as necessary to ensure that only authorized users have access to sensitive information.
  2. Device and Connection Security
    1. All devices connecting to the network must be approved and compliant with the firm’s security standards, including up-to-date antivirus software, firewalls, and encryption.
    2. Personal devices (BYOD) must undergo security verification and be configured according to the firm’s security policies before being allowed network access./li>
  3. Monitoring and Management
    1. Continuous monitoring of network traffic and activities will be conducted to identify and respond to potential security threats or anomalies.
    2. The firm will employ network management tools and techniques such as log analysis, anomaly detection, and performance monitoring to ensure network reliability and security.
  4. Wireless Network Security
    1. Wireless networks will be secured with strong encryption protocols. Access points will be configured to mask SSIDs and use the latest security standards to prevent unauthorized access.
    2. Guest Wi-Fi networks will be isolated from the internal network, with strict usage policies and time-limited access to prevent potential security breaches.
  5. Firewall and Intrusion Prevention
    1. Firewalls will be configured to deny all traffic by default, permitting only authorized services and traffic as per the firm’s business requirements.
    2. Intrusion Detection and Prevention Systems (IDPS) will be implemented to detect and block potential threats in real-time, with automatic updates to ensure protection against new vulnerabilities.
  6. Network Segmentation
    1. The network will be divided into separate segments based on function and sensitivity of data. Critical systems and sensitive information will reside in highly secured segments with restricted access.
    2. Implement strict controls and filtering between segments to prevent unauthorized data flow and to limit the impact of potential security breaches.

Responsibilities

  1. The IT Department will be responsible for the implementation, maintenance, and regular review of network security measures, as well as for conducting training sessions on network security awareness for all staff.
  2. All users of the network must adhere to this policy, report any suspicious network activity immediately, and participate in security awareness and training programs.

Enforcement

  1. Any violation of this policy will be subject to a thorough investigation, and disciplinary actions will be taken as necessary, including but not limited to termination of employment, legal action, and financial restitution.

Policy Review and Update

  1. This policy will be reviewed and updated annually or more frequently as needed to adapt to evolving cyber threats, technological advancements, and changes in legal and regulatory requirements, ensuring the firm’s network security remains robust and effective.