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Benefits of Implementing an ISO 27000 ISMS
An ‘Information Security Management System’ (ISMS) provides a systematic approach to designing, implementing, and managing an organization’s overall information security. It’s a centrally managed framework that enables organizations to develop, monitor, review and improve the information security practices in one place.
It contains policies, procedures and controls that are designed to meet the three primary objectives of information security:
▪ Confidentiality: making sure data can only be accessed by authorized people.
▪ Integrity: keeping data accurate and complete.
▪ Availability: making sure data can be accessed when it’s required.
Creating a best-practice ISMS with ISO 27001
ISO 27001 is the international standard for creating and maintaining an ISMS. Its clear framework makes the management process systematic and straightforward. However, that doesn’t necessarily mean it’s easy. It requires an executive level commitment to supplying the necessary funding and manpower resources to make the project a success. In addition, a small team will need to be assembled to tackle the implementation project tasks along with a project implementation plan that could last between six months and a couple of years to complete. ISO 27001 is becoming increasingly important for organizations who want to grow worldwide. International standards like ISO 27000 is a common denominator best practice that has a long history of success in multi-national business operations.
Cybercrime and data breaches are a real threat for all organizations, but an ISO 27001-compliant ISMS can help mitigate these risks. Demonstrating to stakeholders that an organization has met the Standard’s requirements can ease concerns about common info security threats and open up new opportunities.
ISO 27001 can also help achieve full compliance with the GDPR (General Data Protection Regulation) and the NIS Directive (Directive on security of network and information systems). All of the security safeguards required to fulfill the protection of ‘Personal Data’ defined in these regulations is facilitated by the ISO 27001 ISMS.
Some of the many benefits of implementing the ISO 27000 information security management system include:
1. Tendering New Business
Information security is a top priority for many organizations, so it’s not surprising that suppliers routinely insist that third parties follow security best practices. ISO 27000 is an international standard and the most widely accepted information security attestation in the world.
2. Legal & Regulatory Compliance
Compliance -- and the avoidance of regulatory fines and civil lawsuits -- is often the quickest “return on investment” associated with the implementation of ISO 27000.
3. Minimize GDPR Compliance Risks
The EU GDPR (General Data Protection
Regulation), requires ‘Personal Data’ to be protected and maintain basic security principles of confidentiality, integrity, and availability. ISO 27000 Is a security management system that facilitates the necessary technical controls, structured documentation, monitoring, and continuous improvement, to secure sensitive data.
4. Competitive Advantage
ISO 27001 is a strong selling point, especially when the core business processes and services focus on the handling of sensitive data. An ISO 27000 ISMS can improve a company’s brand, as well as its valuation during a merger or acquisition.
5. Improve Info Security & GRC
ISO 27001’s main objective is to improve an organizations’ information security practices and provide a structure upon which all other Governance, Risk management, and Compliance (GRC) programs can build upon.
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