WISP Compliance Solutions | IRS Written Information Security Plans

IRS WISP Builder Tool | Solutions

Solutions

Written Information Security Plans (WISPs) have been legally required since June 2023.

WISP Builder keeps your practice compliant with IRS standards to avoid fines and hassle.
Maintaining an evergreen plan is tough, but WISP Builder simplifies the project, streamlining your journey to best practices to create a plan you will use.
WISP Builder starts with an editable Security Summit template that contains essential elements, all ready to create your Firm’s IRS WISP!

For all WISPs, the IRS recommends:

Employee Management & Training

Designate coordinators for information security
Design and implement a safeguard program
Evaluate and adjust the plan as changes occur

Information Systems

Identify service providers that can maintain appropriate safeguards
Identify, assess, and help reduce risks to PII

Detecting and Managing System Failures

Clearly identify post-breach responsibilities
Regularly test and monitor the plan

IRS WISP Builder Tool | Solutions

Solution:

Resources needed to accomplish the above are included in WISP Builder.

A good IRS WISP requires regular maintenance and upkeep.

Once Completed:

Keep your IRS WISP in a format others can easily read
Make IRS WISP available for training purposes
Store a copy securely offsite
Regularly update the plan to reflect new developments

Solution:

WISP Builder delivers an evergreen tool that helps meet these requirements.

Additional Recommendations

Create a data theft response plan
Maintain active lists of who has access to personal information
Identify equipment that contains sensitive information

Solution:

WISP Builder has documents available to capture and maintain this information.

Source: IRS Publication 5709