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By AMSAT Jan 07, 2022

A Brief Overview and Benefits of ISO 27001

ISO 27001 is the only auditable global standard that outlines the requirements of an information security management system (ISMS). An ISMS is a set of rules, procedures, processes and systems that deal with information risks, such as cyber-attacks, hacks, data breaches, or theft. The objective of the standard is to provide a model for creating, implementing, operating, supervising, evaluating, maintaining, and improving an Information Security Management System.

Certification to ISO/IEC 27001 shows that a company has defined and created best-practice information security procedures. Many organizations choose not to get certified, but use ISO 27001 as a framework for best practice.

The standard defines its ‘process approach’ as the application of a system of procedures within an organization, employing the PDCA, Plan-Do-Check-Act model to structure the processes.

Information plays a pivotal role in the running and even survival of an organization. Having ISO/IEC 27001 certification will help you manage and safeguard your treasured information assets, and is designed to ensure the selection of appropriate and balanced security controls.

Who is it relevant to?

ISO 27001 is suitable for any enterprise, large or small, in any sector or part of the globe. The standard is especially appropriate where the safety of information is vital, such as in the finance, health, public and IT sectors. The certification is also very effective for organizations which manage information on behalf of others, such as IT outsourcing companies, as it can be used to assure customers that their information is being safeguarded.

How you can benefit from ISO 27001 certification

Win new business and improve your competitive advantage

ISO 27001 certification not only helps you validate good security practices, but it also gives you an established marketing advantage against your competitors, putting you alongside technology giants such as Google, Apple, Amazon, Microsoft, and more.

Avoid financial penalties and losses related to data breaks

As the recognized global standard for the effective management of information assets, ISO 27001 allows enterprises to avoid the potentially overwhelming financial losses triggered by data breaches.

Secure and improve your reputation

Cyber-attacks are growing in volume and strength every day, and the financial and reputational damage inflicted by a weak information security posture can be devastating. Enforcing an ISO 27001-certified ISMS helps to defend your company against such threats and proves that you have taken the necessary measures to secure your business.

Adhere to business, legal, contractual and regulatory requirements

ISO 27001 is designed to ensure the range of suitable and balanced security controls that help to secure information in step with highly strict regulatory requirements such as the EU General Data Protection Regulation (GDPR) and Directive on Security of Network and Information Systems.

Enhance structure and focus

When a company grows fast, there’s confusion about who is responsible for which information assets. ISO 27001 helps companies become more productive by clearly identifying information risk obligations.

Decrease the need for regular audits

The certification provides a universally accepted indication of security effectiveness, obviating the need for recurrent customer audits, which decreases the number of external customer audit days.

Get an independent view about your security posture

The Standard regularly reviews the internal audits of the ISMS to ensure its constant improvement. Also, an external auditor will assess the ISMS at certain intervals to confirm whether the controls are working as planned. This autonomous evaluation provides an excellent perspective of whether the ISMS is working properly and provides the level of security needed to secure the organization’s information.

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