Losses in business due to information security breaches or cyber-attacks are on the rise. Data or information in any category is hugely valuable to a business. Therefore, there should be major defences against such threats to prevent a business from facing confidentiality loss, reputation damage, functional disruption, or monetary losses. Before such a thing harms your business, you need to have a strategic tool or framework for protecting your valuable information.
The International Organisation for Standardisation or ISO issues standards for regulating crucial aspects in a business-like quality, environmental impacts, occupational safety, and information security management. This is known as the ISO 27001 standard, and it is accepted globally by organisations of all types to create a strong management framework for assuring their information security.
With millions of organisations already achieving ISO 27001 certification and establishing a foundation to tackle security threats, it is now a more proven tool. Also, with many other essential benefits resulting from the certification, it has become very important for businesses. Here we will explain some reasons to obtain the certification for your business.
Tightening Information Security
The first obvious reason to get certified with ISO 27001 is that it is an effective measure for data or information security. By specifying the best requirements and practices to handle information assets, it will help you secure the confidentiality of your valuable information. Also, a large number of security thefts occur when the information is being transferred to some agent or uploaded for storage in the cloud or other platforms. To achieve ISO 27001 certification, you need to implement a regulatory information security management system (ISMS), consider your IT (information technology) systems, and monitor the processes used for transferring, storing, and accessing information. An ISMS will help to institute a culture of security when there is a minimisation of information risks.
Brand Image is Protected
Good corporate image and business reputation are essential ingredients of success. How your organisation is perceived by clients, partners, and other stakeholders is crucial if you want to create a good position in the market. Getting certified with an internationally acclaimed certification for managing information security will make your business’s stakeholder confident that their information is safe. Stakeholders are most likely aware of the prevailing security risks and often become reluctant when it comes to sharing any personal details or financial credentials with a business. Naturally, they seek to deal with companies that proclaim to protect any information shared with them. So, having the ISO 27001 certification will mark your credibility in information management in the industry and get you more clients or customers.
Legal Compliance is Achieved
Implementing the ISO 27001 standard in your business establishes that you are adhering to the best information security practices. Whenever there is a need for data security inspection, your company is the first to demonstrate its commitment to essential regulatory requirements. Thus, your business will not get into any legal cases or have to pay penalties or fines for data security non-compliance. This is a win-win condition for any organisation because it will help when seeking public sector tenders, contracts, or partnerships from big international corporations and governmental organisations. Thus, achieving legal compliance is another great benefit of ISO 27001.
Indirectly, implementing an ISMS and enforcing a culture of information security will result in process efficiency and steady growth in businesses. This is mainly because everyone from top-level management to lower-level staff knows the practices to discreetly use information and make sure all IT systems are updated. They will ensure all forms of security tools, such as firewalls, antivirus protection, malware, encryption, and multi-factor protection are in place. Besides, they will also be responsible for the proper storing of paper files and documents that hold the company’s intellectual properties, patents, and receipts in safe lockers. When every crucial information asset is stored, it facilitates the processes for which they are used. Consequently, it leads to efficiency in business because of the consistency in operations whilst maintaining credibility.
Summing it Up!
As stated by ISO, “ISO 27001 specifies the requirements for establishing, implementing, maintaining, and continually improving an information security management system within the context of the organisation. It also includes requirements for the assessment and treatment of information security risks tailored to the needs of the organisation.” Information security is a central concern for all modern businesses that rely on huge datasets and IT systems to function, and ISO 27001 certification has become an important tool for them. This certification will be seen as a powerful and strategic assurance of your organisation’s commitment to information security.
Knowing all these reasons, if you are willing to pursue the information security certification for your company, get in touch with the best ISO compliance experts at Compliancehelp!
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