Increasing pressure from regulators, clients and the public for better assurances about the way in which organisations manage confidential and sensitive data has resulted in rapid growth of certification to ISO 27001.
ISO 27001 is the international standard that lays out the specifications for implementing an ISMS (information security management system). An ISMS can be audited by an independent CB (certification body) as a way to assess whether it conforms to the requirements of the Standard.
How you will benefit from ISO 27001 certification
Win new business and sharpen your competitive edge
Not only does ISO 27001 certification help you demonstrate good security practices, thereby improving working relationships and retaining existing clients, but it also gives you a proven marketing edge against your competitors, putting you alongside the likes of Google, Microsoft and Amazon.
Avoid the financial penalties and losses associated with data breaches
The global average cost of a data breach has skyrocketed to $3.86 million (a 6.4% increase from 2017), according to Ponemon.
As the accepted global benchmark for the effective management of information assets, ISO 27001 enables organisations to avoid the potentially devastating financial losses caused by data breaches.
Protect and enhance your reputation
Cyber attacks are increasing in volume and strength daily, and the financial and reputational damage caused by an ineffectual information security posture can be disastrous.
Implementing an ISO 27001-certified ISMS helps to protect your organisation against such threats and demonstrates that you have taken the necessary steps to protect your business.
Comply with business, legal, contractual and regulatory requirements
The Standard is designed to ensure the selection of adequate and proportionate security controls that help to protect information in line with increasingly rigid regulatory requirements such as the EU General Data Protection Regulation (GDPR) and Directive on Security of Network and Information Systems (transposed into UK law as the NIS Regulations.)
Improve structure and focus
When a business grows rapidly, it doesn't take long before there is confusion about who is responsible for which information assets. The Standard helps businesses become more productive by clearly setting out information risk responsibilities.
Reduce the need for frequent audits
ISO 27001 certification provides a globally accepted indication of security effectiveness, negating the need for repeated customer audits, which reduces the number of external customer audit days.
Obtain an independent opinion about your security posture
Certification to ISO 27001 involves undertaking regular reviews and internal audits of the ISMS to ensure its continual improvement. In addition, an external auditor will review the ISMS at specific intervals to establish whether the controls are working as intended. This independent assessment provides an expert opinion of whether the ISMS is functioning properly and provides the level of security needed to protect the organisation’s information.
For free practical advice and guidance on ISO 27001, contact a member of our team below.