Uptake of the Information Security Standard, ISO 27001, has been accelerating for some time. Increased awareness of cyber attacks and the devestation it can cause has helped this process along. Intelligent organisations realise that ISO 27001 gives them an edge over their competitors and has additional benefits, such as:
- Win and retain business opportunities – by demonstrating that you are taking cyber security threats seriously.
- Protect and enhance brand reputation – avoid costly damage to your hard won reputation and brand values.
- Build trust (internal + external) – by increasing visibility and comprehension of IT security issues.
- Ability to demonstrate compliance – giving confidence to interested parties including your customers.
- Satisfy audit requirements – ISO27001 certification often negates the need for customer audits resulting in a reduction of external audit days.
- Improve efficiency – by streamlining your processes and reducing duplication of work.
- Identify vulnerabilities (new ‘unknowns’) – ensuring that new and emerging threats and vulnerabilities are identified and dealt with in a timely manner.
ISO27001 compliance could save you money – a lot of money! Take a look at the damage done to the image (and P/L + balance sheet) of companies that have neglected their cybersecurity and been the victims of serious security breaches – Sony?. ISO 27001 can help to protect your shareholders.
More good reasons to comply with ISO27001:
- Legal accountability
- Statutory compliance
- Regulatory requirements
- Industry best practice / established framework (internationally accepted)
- Win new business
- Retain existing customers
- Avoid financial penalties (fines – e.g. ICO £500k, contractual)
- Prevent serious reputational + brand damage
- Safeguard IPR
- Protect client data (both ‘theirs’ and ‘ours on them’)
- Get to know our organisation better
- Improve IT/security spend
- Improve employee (+ others) attitudes to security
- Risk-based methodology helps us to make informed decisions
- Cost savings (e.g. time spent completing questionnaires and responding to auditors)
- Investment in the future
- Peer pressure (from competitors)
- Negative consequences of non-compliance
- Integrity/Availability benefits
- Competitive advantage (assurance + rapid response to RFP/tenders)
- Independent endorsement of our security stance (demonstrable externally, providing internal assurance, encourages staff buy)
- Core for other management standards
So what’s the best route to implementing ISO 27001?
This does, of course, depend entirely on your organisation. Visit our Implementing ISO 27001 page for guidance to help you implement an ISO27001 ISMS, in any sector, in any organisation, anywhere in the world.