ISO 27001 – Introduction, Importance and Benefits

ISO 27001is an international standard for organization’s information security management system that outlines handling of sensitive information more securely via a risk-based approach.It also requires the said organizations to identify potential threats and adopt required controls to tackle them, proactively and effectively. This can be used for organizations of any size or industry to protect information in an effective and systemic way.

The standard gives more importance to organized process in order to keep a track of the various activities being carried out in the organization, manages risk by providing solutions to securely maintain data and more.

If your organization collects or captures sensitive customer data and has a need to manage this securely, you may want to adopt this standard. The best part is, the provisions that are available under this standard can be used across all the departments and not just IT.

Why is ISO 27001 important?

Customer satisfaction is of utmost priority to any organization and retrieving customer for upcoming future, needs confidence in providing future advancement that are more secure and more liable, investors today think of safety aspects more than the profit hence they find out an effective and safe way to manage their investment, ISO 27001 provides solution to all the above aspects. Furthermore,

  1. For IT Companies: Effective management of data is key role for most of the IT companies, ISO 27001 provides a capable way to manage their information and provides a framework to manage risk.
  2. For Financial Organization: Maintaining security to financial information of the customers is deep concern to most of the financial companies, policy building plays a great role in terms of financial aspects. ISO 27001 provides an effective way to keep a track of secure information access.
  3. For Government Organizations: Confidential data needs to be managed more effectively, most of the government companies give more importance to solutions that can help in maintaining the data confidentiality, ISO 27001 provides a solution to handle confidential data.
  4. ISO 27001 provides a methodology that can help companies find out which potential incident can occur to their security structure thus assuring an advanced information management system.
  5. ISO 27001 provides an effective way to build policies that lay a platform for financial institutes, customers, employees to grow with the organization as it assures effective risk management process.

Benefits of ISO 27001

  1. Complying to the standard and its requirements helps organizations to comply several regulatory boards thus preventing penalties/fines that would negatively impact the organization’s reputation.
  2. Increases security and reliability of the information and systems
  3. Better integration with corporate risk strategies and improving management processes
  4. Ensures that the information is accurate and only authorized users can modify the same
  5. Protects information from getting breached by unauthorized users.
  6. Reduces need for customer audits as this is a globally accepted standard demonstrating effective security
  7. Identifying areas to manage attacks by implementing effective information management system.
  8. Data protection with latest techniques by providing effective way to tackle cyber-attacks, and reduction in loss due to legal contractions
  9. Improves reputation of the organization in the market to attract new customers, build confidence among existing ones and retain them
  10. High quality output to attract Investors, Partners and Customers to grow with the organization in terms of security and policy building

How has ISO 27001 helped your organization? Are there any other benefits that you have experienced? Take a moment and comment below.

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