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The Written Information Security Program (WISP) outlines the cybersecurity measures and policies implemented by ACME Business Consulting, Inc. to protect its data and systems. It emphasizes the importance of confidentiality, integrity, availability, and safety of information while detailing the roles and responsibilities of employees in maintaining security. The document includes a comprehensive framework based on the NIST Cybersecurity Framework, covering various aspects such as asset management, incident response, compliance, and continuous monitoring. It serves as a guide for establishing effective security controls and ensuring compliance with legal obligations.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What does it mean to have a WISP?

A Written Information Security Plan, or WISP, is a document that details your organizations security controls, procedures, and policies. It also explains how confidential data is protected within the organization and who safeguards all that information.

Is a WISP required by the IRS?

Legal compliance: For tax professionals, a WISP isnt optional. When renewing your PTIN (Preparer Tax Identification Number) on IRS form W-12, Question 11 requires you to confirm that you have a WISP in place.

How to create a WISP document?

How to create a Written Information Security Plan in 5 steps Designate a Qualified Individual. Assign a Qualified Individual or team to oversee your written plans implementation and maintenance. Conduct a comprehensive risk assessment. Inventory your hardware. Develop and document safeguards. Use a WISP template.

What is the WISP program?

A written information security program, or WISP, is the cornerstone of an information governance program. It can assist organizations in mitigating the risk of a cyberattack or the inadvertent disclosure of sensitive information and may also provide a legal defense for data breach-related claims.

What is a wisp template?

A WISP outlines procedures for protecting client data, and addressing risks related to unauthorized access. Not having a WISP can result in compliance issues and expose businesses to data breaches. The IRS provides templates, such as those in Publication 5708, to help tax professionals establish these plans.

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Do all tax preparers need a WISP?

Not only is a WISP essential for your business and a good business practice, the law requires you to have one. For many tax professionals, knowing where to start when developing a WISP is difficult.