ISO 27001 is a specification for an information security management system (ISMS) published by the International Organization for Standardization. An ISMS is a framework of policies and procedures that includes legal, physical, and technical controls involved in an organization’s information risk management processes.
No matter what the size of your organization, how you spend your money is an important decision. ISO 27001 certification is not mandatory, so why should you do it?
Whether you need to convince people in the C-Suites or whether you are trying to convince yourself it is worth it, here are some reasons why an ISO 27001 Certification may be right for your organization.
1. ISO27001 Supports Regulatory Compliance
While each of these regulations has distinct requirements of their own, all of them require a process for managing information security and data protection. Implementing an information systems management system will give you a head start on ISO compliance with these and other regulations.
2. Helps Protect Your Organization’s Data and Reputation
Data breaches can be expensive with hard costs such as fines as well as costs that are estimated at over $200 per record. There are other costs such as reputation costs and customer loss that are harder to estimate. For a small to medium-sized business a breach can be devastating.
When you apply for ISO 27001 Certification, you need to be able to show that you have clear security processes in place. You need to show who is responsible for what. You also need to demonstrate what you are doing to manage any risks and how you handle a breach if one is detected. ISO27001 requires that you’ve really given data protection the thought it deserves, and you continue to do so on an ongoing basis. In short, ISO27001 makes organizations more resilient to attack and more likely to be able to detect and/ respond sooner.
3. May Provide an Edge Over Your Competitors
Getting ISO 27001 certification shows that you are serious about protecting stakeholders’ data and an ISO 27001 certification requires independent verification of control processes Being able to say that you’ve had that independent verification may be an advantage over competitors who cannot say the same.
Additionally, ISO27001 is an international standard for managing Information Security that is globally recognized, which is important if you do business with companies outside of the United States.
What Is Involved In ISO 27001 Certification?
The ISO27001 standard has a good deal of flexibility however there are some hard and fast requirements:
- Define the scope of your information security management system in a statement of applicability.
- Develop security policies.
- Implement a risk assessment/risk treatment process.
- Assess the skills required and the competency of resources.
- Conduct training and maintain records of training.
Conduct audits of your information security management program (this is not the same as the actual certification assessment).
Can an ISO 27001 certification help your business? We can help you audit your processes, make the changes you need, and get you ready for certification. Get in touch with I.S. Partners today for a free, no-obligation consultation. You can call us at 215-675-1400, request a quote online, or contact us with any other questions.