What is ISO 27001 and Its Benefits?

What is ISO 27001 and Its Benefits?

What is ISO 27001 and Its Benefits?

Customers’ and workers’ personal information is increasingly being stored outside of an organization. It’s utilized by third-party service providers to boost efficiency and cut costs in various business operations.

 

It’s essential to enlist the help of trusted third parties who have extensive knowledge in Information Security. You should look for a service provider that has been accredited by the internationally recognized ISO 27001.

ISO 27001 accreditation for data processing has a number of advantages that will be discussed in this blog post.

 

What is the Purpose of the ISO 27001 Standard?

Protecting critical information assets, such as employee and customer records, is the goal of the ISO 27001 accreditation, a widely accepted international standard.

 

The Advantages of Conforming to ISO 27001

An Information Security Management System must be established, maintained, and continually improved in accordance with the standards of the ISO 27001 standard (ISMS).

Complying with the standard and rules of ISO 27001 is very different from becoming certified.

 

Choosing a third-party service provider that is accredited and compatible with the ISO 27001 standard is essential.

Certification ensures that the provider’s processes and data controls are periodically and independently reviewed by a third-party auditor. This will provide you with the highest level of assurance that your personal information is safe and secure.

 

1.   In the event of a breach, your reputation will be safeguarded.

The most evident benefit of obtaining ISO 27001 certification is the reduction of your exposure to potential security risks. Data breaches committed by cyber criminals, as well as those caused by human error, are included in this category.

 

There are three pillars of cyber security: people, procedures, and technology, and ISO 27001’s architecture ensures that you have them all in place.

 

If you’re looking for a way to document your company’s policies and safeguard your assets, the Standard can help.

 

2. You’ll Stay out of Trouble with the Law

A lack of compliance with data protection regulations such as the GDPR can result in expensive fines for businesses (General Data Protection Regulation).

 

Organizations can use the framework of the Standard to establish and maintain compliance with the GDPR because of the many similarities between the two.

 

However, ISO 27001 can assist you with more than just the GDPR. With its focus on best practices, it can serve as a foundation for a wide range of rules.

 

3. It will safeguard your good Name

You may show your stakeholders that you take information security seriously by attaining ISO 27001 certification.

 

This will help you gain new clients and customers, as well as improve your reputation with current ones. As a matter of fact, certain businesses will only work with organizations that are ISO 27001.

 

A cyber attack can have a devastating effect on your organization and its reputation if it occurs in Europe or the rest of the world. An ISMS (information security management system) that has been certified to ISO 27001 will keep your company safe and out of the news.

 

4. It Helps with structure and concentration.

After a while, employees may forget about their responsibility to keep their company’s information safe.

 

With ISO 27001, you may develop a system that is flexible enough to keep everyone focused on information security activities. Annual risk assessments are also mandated by law, which helps you identify and implement adjustments when necessary.

 

5. It minimizes the frequency of audits, which saves money.

Globally recognized and demonstrating adequate security, the ISO 27001 accreditation helps companies avoid repeat customer audits.

 

6.  Prevents loss of service

An organization’s ability to function effectively is directly correlated to the level of data security it has in place.

Any supplier you work with should have robust Business Continuity (BC) and Disaster Recovery (DR) plans as part of the ISO 27001 certification and ISMS.

During a crisis, these preparations ensure that your customers and staff aren’t inconvenienced by outage and disruption.

 

7. Reduces security vulnerabilities

It is one of the most important benefits of ISO 27001 for organizations to reduce the risk of security breaches. If your data is shared with several third-party providers, these gaps might be very difficult to close.

As a result of careful risk assessment, data protection measures are constantly improved to avoid data issues from developing.

 

8. New businesses and personnel are drawn to the business.

Consumers of your goods and services, as well as the people who work for your company, expect you to be serious about information security.

The fact that you have achieved ISO 27001 certification demonstrates to your customers and clients that you appreciate their data and are a reliable and trustworthy organization.

 

9. Lessens the possibility of a cyberattack

Your organization may not be able to significantly minimize the number of cyberattacks it is subject to. Even so, you have the power to thwart some of their plans.

 

10.  Reduces human errors

UK data security incidents are regularly reported by the UK Information Commissioner’s Office (ICO).

Because ISO 27001-certified service providers ensure that all of their employees are routinely trained in Information Security Awareness, the risk of human error and harmful practices is greatly reduced.

 

Conclusion

A strong level of protection against cyberattacks can be achieved through the use of ISO 27001-certified third-party data processors. Cybercrime is an ever-evolving threat.

 

We cannot overstate the importance of ISO 27001 certification and compliance. Anybody who works with customers, employees, or other types of personal data should rest easy knowing that this standard is in place.

 

When an independent auditor routinely reviews your certification, it shows that you are dedicated to developing and safeguarding your most valuable digital assets.

 

Get in contact with us if you’d like to learn more about how we can help you process your outbound and incoming communications securely. Should you require it, we can also provide you with information on the advantages of ISO 27001 compliance and certification.

 

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