ISO/IEC 27001 refers to an international standard designed to support an organization’s Information Security Management System. This standard covers all policies, processes, and methods related to how data can be controlled and used by organizations. The original 2005 version of the standard was published. It was then updated in 2013.
The ISO 27001 Standard does not prescribe specific tools. It is a checklist an organization must follow to comply with the standard. It covers the main benefits of ISO 27001 certification as well as how it can help your organization stand out from its competitors.
The Benefits Of ISO 27001 Certification
The following are the benefits to ISO 27001 implementation in an organization.
- Helps To Retain Customers, Win New Business
Cyber Security is constantly in flux. Data breaches and the risks associated with them are rising. A growing number of stakeholders have primary concerns about how their data is being protected and managed. It’s a sure-fire way to build trust and retain customers. Internationally accredited ISO 27001 certification signifies that your clients will know you are trustworthy with their data and that you can be trusted.
- Information Security Strategies And Processes Enhanced
ISO 27001, a standard that puts Cyber Security first. Auditors who have the expertise to examine and replace your security practices with industry best practices will assess your organization.
They will help to map out goals, objectives, and provide you with actionable information which will help you define your data security measures. You can compile professional reports, documents, and guides that will help improve your information security strategies.
- Ensures Implementation Best Practices
ISO 27001 Australia certification provides a solid framework for Information Security management processes. It also identifies key operational elements. This standard specifies the best practices for keeping IT systems updated, protecting data, backing up data, IT Change Management, and event logging. ISO 27001 provides better documentation and clear guidelines for employees. This further protects the organization from cyber-attacks. Some policies include clear instructions for the use of external drives, secure internet browsing, strong passwords, and other guidelines.
Cyber-attacks or data breaches are still possible. However, the planning that ISO 27001 requires shows that you have evaluated the risks as well as taken into account business continuity.
- Promotes Compliance Commercial, Contractual And Legal Requirements
Annex A.18 in ISO 27001 discusses the subject of compliance with legal requirements and contractual requirements. This annex was created to help avoid any breaches of information security legal, statutory or regulatory obligations. In simple terms, an organization must ensure that it is up-to-date with all documents, legislation, regulations, and policies that could impact its business objectives, as well as the outcomes of compliance to legal and contractual requirements.
Because most of these requirements have been identified as ISO 27001 by the Risk Management process, organizations don’t need to set up secondary processes to meet these requirements.
- Continuously Monitor & Prevent Risk
Implementing an ISO-compliant ISMS will result in strong, tested policies and processes to protect the information, no matter where it is stored or shared. You’ll find yourself looking into all possible communication routes and information storage locations within your organization, as you create a policy/process for each risk.
The report will show you the current state of your company and its security processes. Additionally, it will outline what is required for satisfying customer, legal, regulatory and functional requirements. These findings will help to identify the actions that you will need to take to ensure compliance with evolving threats. It is important to monitor these processes regularly to ensure they work as intended.
Routine leadership meetings are needed to monitor the ISMS’s performance and make adjustments to it where necessary. This systematic approach demands consistency above all. It becomes easier to spot weaknesses in systems and stop them from affecting the business.