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Why Adopting ISO 27001 Certification is Great for Business and Customers?

Introduction to ISO/IEC 27001:2013

  • Cyber Attacks are a storm in the business landscape, and the associated threats seem to wrap up the digital domain. Enterprise businesses are becoming more and more dependent on newer technological trends and methodologies. The very fact gleams good on one side and challenges on the flip side.
  • Data being the biggest asset of an organizational process, tend to be more accessible and vulnerable to the point with technology progressions. Any data loss can have a huge impact on an organizations fame and credibility, and at the same time, could host the way for hefty financial loss and penalties in the aftermath.
  • Many business enterprises ignore cyber risks due to the simple fact that it hasn’t yet surfaced in their running process. Imagine the reason why we take in the antibodies? Not because we have gone through that particular illness, but to generate a better shield within ourselves. The same applies here to enterprise businesses.

Cyber security is the key to addressing the very challenge, and data protection standards are a way to protect your information assets. ISO/IEC 27001:2013 is a global standard for securing information assets and managing them to safer heights. Before digging into the valued certification standard, let us gauge some insights on information risk management.

Information risk management

Information risk management refers to the mitigation practices, policies, and procedures for securing information assets from the threat of cyber-attacks. Managing cyber risks for protecting data could be internal as well as external for an organization. Internal risk management is all about building a security team and deploying information security control and monitoring strategies. Meanwhile, external third-party assessments run around with cyber security consultants and external security practitioners. These threat assessments and audits also help organizations comply with ISO 27001 and enhanced versions of regulatory standards.

What is an ISO 27001 standard?

ISO/IEC 27001:2013, often referred to as ISO 27001, is a global information security standard. It sets out specifications for an information security management system (ISMS) through which an organization build a systematic approach towards information security. Certification to ISO 27001 standard is an indication and evidence that your ISMS aligns with the best data security practice. ISO 27001 implementation requires proper security vision and an information management system aligned to the required security controls and policies.

What is an Information Security Management System?

An ISMS or information security management system is the prior requirement in the ISO 27001 standard. It is an approach or documented management system that entails a set of security controls, policies, and processes to protect confidentiality, integrity, and availability of data assets from information security threats. ISO 27001 imposes strict control measures while implementing, managing, and maintaining the ISMS. ISO 27001 consulting services have proved the required compliance and advisory benefit for organizations while building ISMS adhering to specified norms of the standard.

What makes ISO 27001 standard significant?

The requirement for a worldwide standard emerges as associations need to guarantee their clients, partners, and accomplices that they have embraced the best practice towards data security. Adopting ISO 27001 compliance program and achieving the certification indicates that;

  • Your organization secure information from unauthorized access and intrusions.
  • Protected information reaches only safe hands, and authorized powers can only modify them.
  • All risks and vulnerabilities get identified, and mitigation/patching efforts are in the proper place.
  • Your organization information assets have been independently assessed and running in line with best control practices and aligned goals.
  • Your organization has a well-developed ISMS adhering to all specified requirements in the ISO 27001 standard.

Benefits of adopting ISO 27001 certification

Implementing ISO 27001 reflects numerous benefits for businesses and customers. Here are the top gains for organizations and customers while complying with the valued standard.

  • Protect and manage confidential and sensitive data

The protection of information assets directly depends on the deployed data management policies and controls. ISO 27001 regulations require organizations to set up a solid ISMS on defined security protocols and principles. It ensures a consistent data management process which in turn drives data to safer processing and storage. A clear and precise management process is the outcome of a well-defined ISMS implementation.

  • Avoid pocket loss and penalties from data breaches

A breach can be a catastrophe for many organizations with less security vision and control strategies. A single vulnerability is more than enough for a data breach, and it can turn into a disaster in a few seconds. An ISMS laid on the foundation principles of ISO 27001 standard is an effective defence shield to data breaches. It can possibly avoid breach convergence and any further monetary losses and penalties which follows the uneven occurrence.

  • Bettering security posture and information security roles

An ISO 27001 is a valued standard for organizations to determine its current information security status and alleviate any recorded deviations. ISO 27001 consulting services aid enterprises to build an efficient ISMS, hiking the security posture. The strategies developed, process combined, and policies implemented requires different in-house categories of roles dedicated for various actions. The compliance and certification process can indeed strengthen a company’s security staff in line with security principles and best practices towards achieving it.

  • Improved information security management and operations

Preparing for IS0 27001 standard, enterprise businesses could become well-organized and maintained for information security practices such as risk management, logging, monitoring and incident responses. Organizations could benefit from a clear and concise idea of information security duties as everyone will be able to know who is liable for specific information assets. The process can simplify your security management and connected operations, driving excellence in the information security field.

  • Aiding organizations to set a solid incident response system

Traditional incident response systems won’t be just enough to walk through the information security standard. Organizations will need to step up beyond the normal incident detection and response plans. Detailed analysis digging the control deviations and incident cause, conducting assessments and tests, discovering lurked weaknesses, and responding with high-level action plans is a part of a solid incident response system. When organizations can eradicate threats from mounting on information assets and having a rapid incident response plan at the time of necessity is a sign of a mature incident response system built-in line with the security standard.

  • Enabling business continuity and enhancing the reputation

Business progression or continuity is a top priority for any organization. A possible breach incident can turn everything upside down, affecting the business flow and customer trust. Having an ISMS policy and procedure adhering to the regulations of the ISO 27001 standard can give you the needed protection against data breaches or data loss. Ultimately an ISO 27001 compliance program ensures business continuity and enhances the reputation and fame of the organization within stakeholders, partners, and customers on the whole.

  • Effective compliance with other regulatory standards

Having a strong ISMS as a part of the ISO 27001 certification could assure easy and swift compliance with other regulatory standards. It can meet most of the security controls and necessities laid under regulations such as GDPR, NIS directive and many more. It can also act as a base standard to ISO 27701 and 27018, which are the enhanced versions of the ISO standard. Compliance is keen, and a properly aligned security architecture could speak a lot of difference for business organizations. It can also limit the need for frequent periodic audits.

  • Hiking customer relations and customer engagements

Customers are the key to business success, and nothing other than protecting their data makes the varied noise of trust and confidence. When organizations maintain information security practices at their peak priority and need, it can reassure existing clients, win back lost trust, and earn new relations on the go. Having an ISO 27001 certification by your side is a proof or sign of confidence to stakeholders and approaching customers. Customers will have the extra secure feeling in all possible integrations and engagements with an organization assuring data security.

Concluding Insights

So far, we have pinned the vital factors that make ISO 27001 a widely accepted, recognized and globally valuable information security standard as far as businesses and customers are concerned. Surpassing and acquiring the valued certification requires the aid of an expert ISO 27001 consultancy for building a solid Information Security Management System in compliance with the required specifications. An ISMS would help business enterprises to maintain a robust risk management process in information security which is a sign of trust and confidence delivered to customers and allied partners.