In this digital age, information has never been more vital to organizations. Undeniably, its processing is necessary to provide customers with products and services. And although access to information has increased, there are also risks – it can be lost, stolen, or altered – which have driven the formation of more complex security requirements. As a result, information security implementation projects in an organization have become even more unlikely to achieve.
This article explains ISO 27001 standard and its advantages in implementing a robust information security system to organizations.
Before we go into the benefits, let’s define ISO 27001.
ISO 27001 is the leading ISO standard that describes how to manage information security in an organization. It consists of 10 main clauses and 114 security controls grouped into 14 sections (Annex A) to help organizations define, implement, operate, maintain, and improve information security based on a risk management approach.
Below are the benefits of implementing ISO 27001 in an organization:
A. Compliance
Organizations and customers are becoming increasingly concerned about information security, which resulted in more complex legal, regulatory, and contractual requirements. The good thing about ISO 27001 is that it provides a comprehensive framework that addresses most of these requirements and helps your organization comply with all of them.
B. Customer Retention
As a global standard, adapting and implementing ISO 27001 demonstrates a proactive approach to maintaining information security in all your processes. This practice will guarantee trust and retention from customers and relevant shareholders.
C. Competitive Advantage
The certification against ISO 27001 is voluntary, but if you do it, it proves that your organization is committed to the highest level of information security and protection against cyber threats. This is appealing to new customers, as your organization shows dedication to protecting their most valuable information.
D. Cost Reduction
The financial impact of a single data breach, whether big or small, may be significant. One of the primary objectives of ISO 27001 is to prevent or minimize security incidents. Thus, preparing in the event of a breach enables your organization to avoid hefty fines and penalties.
Conclusion
Protecting your most valuable information lies in the effective implementation of information security plans and objectives. Undoubtedly, planning can be a tedious task. But implementing an information security project based on a global standard like ISO 27001 will surely guarantee its success.
Are you ready to scale up your business?
Exceture has extensive expertise in information security and data protection and an in-depth understanding of meeting the requirements of ISO 27001. Our consultants have practical experience implementing compliance projects across a range of legal and regulatory requirements and international standards. We will help you in every way, from planning to certification.
Contact us today at [email protected].
References:
What is ISO 27001? Quick and easy explanation
ISO 27001: why is it a good thing to have your cybersecurity strategy certified?
How ISO 27001 Can Benefit Your Organization
