Implementing ISO 27001
provides several key benefits such as:-
1. Protect and manage your
confidential data consistently: Adopting and implementing ISO 27001 requires
setting up an ISM following defined security protocols. For many organizations,
the process of data management is not well defined or consistently managed. To
obtain ISO 27001, a company needs to set up a clear management process for data
access, controls and management.
2. Simplify third party
vendor reviews: When your organization achieves ISO 27001 certification, you
prove that your organization maintains a thorough security management program.
This simplifies the third-party due diligence process by your partners and in
turn, you reduce certain burdens of proof such as providing all security
documentation. This makes the security verification process for your
organization faster and more efficient.
3. Gain market share and
enhance your reputation: ISO 27001 is an internationally accepted security
standard. When you adopt and implement this security standard for your
organization and integrate it into your company’s process, the data your organization
handles is more secure. Cyber threats become more sophisticated daily and cause
significant damage to the reputation and finances of affected companies.
Therefore, having a proven, effective ISM is important in protecting your
organization against such threats. It demonstrates your proactive stance for
maintaining the security of your organization and the data you manage. This is
appealing to share-holders as your organization is also more secure,
well-managed and able to align to international regulations arising in the
Europe Union (GDPR), China and Japan.
4. Avoid financial
penalties and losses that come from data breaches: Even one data breach can
devastate a company. ISO 27001 helps an organization manage the protection of
information assets, enabling you to be better prepared against cyber threats
and prevent costly penalties in the event of a breach.
5. Define information
security roles within your organization and improve focus.
Far too often,
organizations do not have a defined team or roles to manage information
security on an ongoing basis. To implement ISO 27001, an organization must
dedicate resources for management and operations. At a minimum, your
organization will need to have three categories of roles with associated
responsibilities. They are: - Senior, executive leadership: These are the
decision makers at your company who define your information security policy.
Direct, information
security management: These individuals are responsible for implementing ISO
27001.
Direct information
security operations: The individuals in this group are engineers and analysts
who are responsible for day-to-day in-formation security activities including
vulnerability management, logging and monitoring and incident response
activities. By preparing for the ISO 27001, your organization becomes more
organized in terms of information security management. Your business benefits
by the clear delegation of information security responsibilities as everyone
knows who is responsible for managing specific information assets. This prevents
confusion, simplifies processes and improves structure and focus. Most
importantly, ISO 27001 requires senior executive involvement. Their buy-in is
crucial as they are responsible for helping integrate information security
throughout your organizations culture.
6. Setting up a defined
and mature information security incident response system: To meet ISO 27001,
your organization will have to expand beyond basic incident detection and
response to performing detailed analyses of the root causes of such incidents
and performing regular tests of the incident response plan, to discover and
address any weaknesses in the plan.
7. Setting up a business
continuity and disaster recovery plan: You will also need to have well defined
business continuity and disaster recovery plans in place. This is an involved
process and will help your organization in planning for emergencies, natural
disasters and any event that could impact your business.
8.Comply with regulatory requirements:
Adopting the ISO 27001 helps your organization meet security controls and
requirements for regulations of laws such as GDPR, NIS Directive and more. For
organizations heavily involved in the cloud and international data processing,
adopting the ISO 27018 is also recommended.
9. Decrease the need for
frequent audits: by implementing a global standard for security management,
your organization lowers the need for frequent customer audits.
10. Increase customer
retention and win new business: Implementing ISO 27001 demonstrates that your
organization maintains excellent security practices. This reassures your
existing clients that your organization will take any necessary security
measures to protect their confidential data, thereby helping you retain their
business. Adopting ISO 27001 will also help you win new business and new
customers who appreciate working with an organization that pro-actively secures
their data. Finally, it is important to note that implementing ISO 27001 is not
a one-time event but will require on-going maintenance. This ensures that your
program stays up-to-date on evolving data protection trends and matures to meet
those needs year over year. Those invested in this process are sure to see
benefits across the board and engender stronger brand equity, particularly in
the eyes of consumers looking for appropriate protections of their information.
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