ISO 27001 is the international standard for information security management systems (ISMS), which can help organisations of any size achieve all of their regulatory compliance objectives concerning data privacy.
According to the annual ISO survey, over 27,000 organisations around the world held certifications to the Standard in 2015, a rise of 20% from the previous year.
Some of the reasons all these organisations chose to implement ISO 27001 might have been:
- Manage risks to safeguard valuable data and intellectual property
ISO 27001 provides an approach to identifying threats and vulnerabilities that your organisation is exposed to. Implementing and maintaining an ISO 27001-certified ISMS is the most effective way of reducing the risk of suffering a data breach.
- Win new business and retain your existing customers
Certification to ISO 27001 proves to current and potential customers that you take cyber threats seriously. Certification can often make the difference between winning and losing a tender.
- Avoid the financial penalties and losses associated with data breaches
Data breaches are costly and damaging to business. IBM’s Cost of Data Breach Study stated that the average cost of a data breach is estimated at US$4 million.
ISO 27001 is the recognised global benchmark for the secure management of information assets, enabling organisations to avoid costly penalties and financial losses.
- Comply with business, legal, contractual and regulatory requirements
ISO 27001 is the only auditable international standard that defines the requirements of an ISMS. The Standard is designed to help organisations meet the requirements of various laws and regulations, such as the EU General Data Protection Regulation (GDPR), which will be enforced in less than 12 months.
This is because ISO 27001 requires organisations to recognise the “needs and expectations of interested parties”, which includes customers, members of the public, partners and regulatory bodies, and “may include legal and regulatory requirements and contractual obligations”.
- Improve your organisations’ processes
ISO 27001 provides a framework to implement policies and procedures across an organisation, helping to ensure that your organisation’s processes are consistent, repeatable and maintainable.
Take the next step towards ISO 27001 certification
Download a free copy of our white paper 5 Critical Steps to Successful ISO 27001 Risk Assessments to find out more about getting certified to ISO 27001.
The white paper describes the five key steps to completing a successful ISO 27001 risk assessment that will form the centre of an organisation’s ISMS. Download your free copy >>