It is 2024 and maintaining an effective information security system is no longer a choice! With an ever-increasing percentage of cyberbullying, social scamming, and breaches organisational sensitive content is now a constant threat. To maintain a sustainable business venture is difficult when you lack ideas and proactive management that is ensuring the protection of all employee and customer data. The ISO 27001 is a global standard that provide a holistic set of guidelines for how to keep and protect company information safe from third-party manipulation. Obtaining the ISO 27001 accreditation is noted as a very smart and strategic action a company can adopt to firmly maintain privacy.
This standard fundamentally offers a relevant set of calculated guidelines that can tactfully handle all sorts of information security-related risks. From generating awareness among all stakeholders to ensuring compliance to all regulatory terms and conditions. The ISO 27001 is a comprehensive guidebook. One common question is whether every industry is required to meet this benchmark or not. Keeping company data safe is a deliberate way of showing your customers and employees how you prioritise every aspect of confidentiality.
The following blog will discuss four such industries that essentially need the support of all international data security management protocols.
Top four industries that require the ISO 27001 accreditation
Industry type 1 – The IT (Information technology)
When talking about data safety, the first business sector that comes to mind is the information technology industry. The predominant commodity is based largely on information outsourcing/insourcing and software application/programming. Undoubtedly, this information is sensitive. Effective confidentiality management tools, strategies, and planning plays a key role in maintaining operational sustainability. The ISO 27001 is therefore a perfect match for this hub. This standard ensures brand reputation, stabilised revenue margin, and a strong competitive edge for these companies.
Industry Type 2 – The Healthcare Sector
The second in the line is the healthcare sector. It belongs to the biggest business sectors of the world as the industry serves the masses. Therefore, data security is a vital concern for medical facility providers. Though there are region specific information security laws, the ISO 27001 is a universal one that is applicable across the nations, regardless of the size of the company. Patient data is valuable and must be protected under all costs. The ISO 27001 clauses help companies to demonstrate security and accountability to their clients as well as their working professionals.
Industry Type 3 – The Finance Companies
Another global giant is the finance industry where information breach is common. More than 90% of the white-collar crimes are within finance companies and are related to lack of the presence of the ISO 27001. Issues like third-party data manipulation, doctored formula or deleting significant company information, are reasons for resource wastage, reputational damage, and governmental penalties. There are countless examples where companies lost their millions of dollars for compensating with the damage the data breach brought. According to several reports, the finance sector in Australia is a common target for scammers and cyber criminals. Thus, maintaining clauses of the ISO standard is mandatory.
Industry type 4 – Telecom industry
Last but not the least is the telecom industry, which transports data daily. Ongoing business operations increasingly attract cybercrime experts. Phishing, social engineering, and data deletion is common within the telecom sector. The increasing threat of cybercrimes forces companies regardless of their size to obtain international guidance.
Obtaining this certification is not a legal obligation. However, that does not remove the need or justify companies that belong to the aforementioned industries to not meet the ISO 27001 standards. Avoiding parliamentary penalties is an obligation no matter what your company’s current situation is. The penalty for violating any major condition can mean your company’s license can be permanently terminated.
To locate professional support for implementing the ISO information security management system standard and meet all internal audit requirements, contact the experts at Compliancehelp. We are a premer site for achieving any ISO certification within Australia. Our customised solutions for ISO and other global certifications are ready to make the seemingly exhausting accreditation process comfortable and completed on time. We offer basic consultation, audit and analysis and we will cover everything. Get our help to clearing up any questions you may have regarding the clauses of any management system standard you require.
Ask certified professionals about the process of the ISO 27001 accreditation and meet compliance without any hassle.
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