The most widely used information security standard in the world is ISO 27001:2013. This is the current version of ISO 27001. To underline their robust information security management, more and more companies are seeking ISO 27001 certification.
While compliance with ISO 27001 was once about having a competitive advantage, ISO 27001 certification Australia has become the standard for information security best practices. It is now a minimum entry requirement to tenders and contract renewals. The standard’s compliance can mean the difference between winning or losing important tenders.
What Are The Top Four Benefits Of ISO 27001 Certification?
Benefit 1: Retaining Customers, And Winning New Business
While the return on investment for an information management system is high, the triggers for initial investment are usually provided by external forces like powerful customers.
Stakeholders are increasingly concerned about how valuable information is managed and protected. Cyber security and data breaches of any type are too serious to just handshake with a supplier and promise that they will act responsibly with information.
The old belief that organizations automatically protect the privacy and secure data has been replaced by a suspicion of data mishandling. Protecting their business is essential, as well as their supply chains. This topic is covered in detail in our whitepaper “planning the business case to implement an information security management program”.
Your organization should be aligned with your customer’s priorities and needs to gain a competitive edge and become a more appealing prospect.
Benefit 2: Avoiding Reputation Loss And Fines
The priority list for both the general public as well as business leaders is to improve information security and protection.
The news headlines about major fines for data breaches will increase the importance of information security management. Even the smallest businesses are at risk because data processing and handling can lead to data breaches.
The ISO is not only for large companies. Fines are also being imposed on smaller companies. Privacy Affairs has been collecting data about General Data Protection Regulation fines.
Even if a fine is small, it can still hurt a business’s ability to attract new customers.
Benefit 3: Improving Strategies And Processes
ISO 27001 certification will improve the perception of your organization by clients, suppliers, and other stakeholders.
This is one of the many benefits of an information security management system.
Operational procedures and responsibilities are an important part of information security management. It also identifies information backup and controls against malware.
This framework provides a framework for information security risk, management process, and key operational elements, such as how IT systems should be kept current, anti-virus protection, and data storage and backups.
The ISO 27001 standards require better documentation. This means that staff will have clear guidelines and can follow them. This helps keep the organization safe and secure. These policies could include strong passwords, safe internet browsing, and policies about external drives.
Although cyber-attacks and data breaches can always occur, planning with ISO 27001 shows that you have assessed the risks and created a business continuity plan to report any problems. This will hopefully reduce the costs.
Benefit 4: Compliance With Commercial, Contractual, And Legal Requirements
Good control should identify and document the approach of an organization to meeting these requirements.
Online makes compliance with information security much easier. Automated reminders for reviews and approvals make it much easier. They also offer a ‘living plan to show auditors that you have control over the ISMS.
Implementing ISO 27001 within your organization has many benefits. This will result in a stronger business model and longevity.