What Is Meant By ISO 27001 Certification And Its Benefits?

What Is Meant By ISO 27001 Certification And Its Benefits?

– Admin

March 26, 2022

Are you an owner of a company or startup? Are you looking for ways to increase your company’s credibility? Want to get more customers on board?

If the answer to all the above questions is a “Yes,” you must get an ISO 27001 certification.

ISO 27001 certification is a part of the ISO 27000 family of information security management standards and is internationally recognized for ensuring organizations’ Information Security Management Systems (ISMS). It enables organizations to protect assets like stakeholders’ information and financial information from hackers and online breaches.

Getting the certification is not mandatory, although getting it can bring multiple benefits to a business. You can get the ISO certification hassle-freely with the help of any of the best ISO consultants in Bangalore.

The Importance Of ISO Certification

The ISO certification will represent that your organization has identified the risks, evaluated the suggestions, and decided all systemized controls to eliminate any damage or breach into its information security system. There are many benefits that the certification offers, ranging from security & reliability of data to delivery of better customer satisfaction. It provides guidelines that every organization can use to build a robust information management system.

The certification helps businesses protect all their sensitive and confidential business information, irrespective of where or how it is stored.

If you want to know the pathway to make your business ISO 27001 certified, take help from one of the best ISO Consultants in Bangalore.

Benefits of ​​ISO 27001 Certification

Protects reputation from security threats

The primary reason to make your organization ISO 27001 certified is that it helps you avoid security threats. It prevents your business from external and internal factors resulting in data breaches.

The certification ensures that all security parameters are in place and every protocol is followed to strengthen an organization’s security system. By doing so, the certification adds value to your business and improves your reputation in the marketplace. It acts as an official document that proves that you have high compliance standards and dependable security systems. Additionally, you can sidestep financial penalties incurred due to data breaches or security incidents.

Provides you a competitive advantage and new business opportunities

The ISO certification helps you show good security practices, thus boosting customers’ trust in your business. It further improves working relationships, retains existing customers & attracts new ones, thus, providing you a competitive edge in the market.

Helps avoid financial penalties and losses associated with data breaches

The global average cost of a data breach has increased from $3.86 million in 2020 to $4.24 million in 2021. The cost has increased by the largest margin in the past seven years. 

The cost can be controlled by organizations applying for the ISO 27001 certification, which will enable them to avoid devastating financial losses on account of data breaches.

Complies with business, legal, regulatory, and contractual requirements

The objective of ISO 27001 certification is to help you avoid breaches of the legal, statutory, regulator, and contractual obligations related to information security requirements. The standard ensures to put in place a precise set of adequate security controls to protect the information in line with increasingly strict regulatory requirements.

Enhance structure and focus

When an organization grows in size, it becomes challenging to manage crucial business data and hold people accountable for every missing piece. The certification helps wash off the confusion by clearly setting out information risk responsibilities. The clarity helps every staff member work better at their job role and bring out the best outcomes that help the organization survive and thrive in the cutting-edge market.

No frequent audits required

ISO is an international standard that demonstrates your organization’s security effectiveness, refusing the requirement for frequent customer audits, thus saving time that otherwise would have been involved in external customer audit days.

Maintains a continuous information security

While applying for an ISO 27001 certification, an organization undertakes daily reviews and internal audits of the ISMS to improve the security management system. After that, an external auditor reviews the ISMS at specific intervals to ensure that the controls are working as required. The assessment provides a professional opinion of whether the ISMS is working properly and possesses the accurate level of security required to protect the organization’s confidential information from security breaches.

The Requirements Of ISO 27001

The ISO standard stands on a structure of ten clauses called Annex SL that, when grouped, cover the following four areas:

Management Responsibility: This is the area that needs the focus of your management team. They have to be involved themselves and be accountable for the errors or mistakes.

Resource Management: The area decides how you should allocate resources like people, infrastructure, and facilities to attain the best performance possible.

Information Security: It involves every detail of how a business will operate to ensure that the systems and assets are protected from unauthorized access or data loss.

Measurement, Analysis, and Improvement: It determines that the Information Security Management System is working as anticipated, promoting continual improvement.

How can Reach ISO help?

Our Initial Audit

Every business stores data differently; thus, the risk associated with data breaches or loss is different. Therefore, there is always a need for unique security measures. 

Reach ISO, one of the prominent ISO Consultants in Bangalore, offers an initial audit that focuses on how your business is currently protecting its databases versus the best international practices. 

This will bring out areas that need attention to seek an ISO 27001 certification. Our team will also specify unique risks to your company’s information security.

Then, we will support you in creating a tailored ISO 27001 Information Security Management System (ISMS) that meets your needs precisely. Our team of proficient consultants can help you deliver a compelling ISMS in the least time possible. We also help you through regular reviews and follow-up audits.

Our 3-stage process

  • Informal review of your ISMS, including checking the presence and totality of key documents like:

Organization’s security policy

Risk Treatment Plan (RTP)

Statement of Applicability (SOA)

  • Independent certification audits to ensure that the ISMS meets the requirements defined in ISO 27001. 
  • Regular reviews and audits to confirm that the organization continuously complies with the ISO 27001 standard and the ISMS always operate as specified and planned.

If you are searching for the best ISO Consultants in Bangalore, look no further than Reach ISO! All the information and support you want are provided by the best industry experts.

With Reach ISO, understand the ISO certifications for your business and get them effortlessly!