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ISO 27001: Who Needs It and Why?

ISO 27001: Who Needs It and Why?

ISO 27001 is the best Internationally recognized Information Security Management systems (ISMS) standard. It defines the practices and requirements for organizations to protect, save, manage and use their essential information while ensuring their confidentiality.

ISO 27001 ISMS

Therefore, any organization that manages a vast amount of Information assets, including client data, supplier information, financial data, and intellectual property assets, can get the ISO 27001 Certification for their ISMS.

The ISO 27001 standard certification for their ISMS demonstrates the integrity and credibility of their businesses. It also ensures that they handle all their data carefully, including external partners’ data with best practices.

Facts to Know for Certifying with ISO 27001

Knowing these facts is important if you look forward to certifying your ISMS with the ISO 27001 standard.

1. Process Approach

The Information Security Management systems (ISMS) standard needs you to adopt a process approach that leads to continual evaluation and improvement of the Information Security Practices.

2. Risk Management Processes

You need to have a methodical approach to risk management in your ISMS, which helps to access risks and mitigate them on time.

3. Performance Measurement

For your ISMS to be efficient and eligible for certification, you must review its effectiveness with performance metrics and ensure it meets your objectives.

4. Defined Security Policy

It would be best to have a defined information security policy based on your organization’s information system and potential threats. The policy should be the foundation for your ISMS.

5. Employee Training

The organization’s employees should be trained in the operations of the implemented ISMS and information security practices to carry out their roles proficiently.

5 Reasons Why ISO 27001 is crucial to your Company

Here are five reasons why ISO 27001 is crucial to your Company:

1). Complete Framework Development

It is the same as other robust ISO Certifications, such as ISO 9001 or ISO 45001 certification, which need a strong safety management system. ISO 27001 also calls for the establishment of an impactful ISMS.  It will control all information assets, devices, and related processes.

2). Risk Assessment

The implemented ISMS will provide a framework to prioritize evaluating risks- measuring their impacts, mitigating, or preventing them.

3). Continues Improvement

ISMS allows organizations to determine the level of protection every information asset needs (existing and new), so they tend to improve their management system consistently.

4). Cost Savings

With the minimization of data loss, information breaches, or privacy risks, an organization is saved from costs such as heavy penalties, legal noncompliance suits, or damage to integrity.

5). Competitive Advantage

Having a prestigious international standard for information security will demonstrate a company’s commitment to privacy and handling of information responsibly. In addition, it gives a competitive advantage and gives potential to draw clients.

Key Takeaway

Every organization needs to achieve the ISO 27001 certification because they face one security threat or another! In addition, achieving the certification provides your business with numerous advantages, such as improving corporate reputation, increasing the trust of customers and stakeholders, preference as a reliable supplier, and developing a strong culture of security.

Related: ISO 27001:2018 Information Security Management System