ISO 27001 Information Security Management System
ISO 27001:2017, Information Security Management System (ISMS) is an internationally recognized best practice framework for businesses to manage their information security processes and is one of the most popular information security standards worldwide.
About ISO and IEC
ISO stands for the International Standards Organization. This means that all organizations certified to ISO 27001 operate to the same high standards.
IEC stands for International Electrotechnical Commission, a non-profit organization operating independently of any government.
ISO 27001 Information Security Management System History
ISO 27001 can be traced back to British Standard 7799, published in 1995. It was originally written by DTI and after many revisions ISO has turned into the internationally recognized best practice standard in the ISO 27000 series to help organizations retain information.
What are the benefits of ISO 27001:2017?
ISO 27001 ISMS will help you reduce information security and data protection risks for your organization.
Whether it’s your valuable business information or that of your customers, the cost of poorly managed information security can be high for businesses. Many of the ISO 27001 requirements also meet Data Protection compliance requirements and provide much more information assurance overall.
Implementation of ISO 27001 will demonstrate to regulatory authorities that your organization takes the security of the information seriously and is doing as much as possible to identify risks and address them.
As this is an internationally recognized ‘best practice’ standard, it makes the people you want to work with feel safe.
ISO 27001 means saving time and money
Information that is not adequately protected causes direct and indirect costs for businesses. In addition to the data reprocessing costs incurred in your business due to loss or damage of data, penalties to be paid due to data you cannot protect, loss of customers appear as indirect costs.
ISO 27001 improves reputation and builds trust in the organization
It doesn’t get much worse for an organization when news arrives that their systems have been hacked and that customer data has been exposed and used. With the ISO 27001 information security management system, you will be in a better position to identify the risks of breaches and prevent them before they happen. As in business, trust is important. But showing that you are independently supervised reinforces that trust.
What needs to be done to achieve ISO 27001:2017?
The key requirements of the standard are covered in clauses 4.1 to 10.2 and Annex A controls A.5 to A.18 (both at the bottom of this page), which you may choose to apply depending on your risk assessment and treatment study.
If you want to become ISO 27001 certified, you will be expected to meet all the core ISO 27001 requirements. One of the key essential requirements in (6.1) is to identify, assess, evaluate and treat information security risks. This risk management process will help determine which of the ISO 27001 Annex A controls may need to be implemented in the management of security-focused risks.
Some organizations may choose not to certify the Information Security Management System, but may comply with the ISO 27001 standard.
Benefits of ISO 27001 Information Security Management System
- It provides accurate, reliable and valid information.
- It prevents unnecessary information from causing a waste of time.
- It provides continuity.
- Reveals information confidentiality.
- It specifies how the information will be stored.
- Fulfills legal obligations.
- It is effective in creating corporate respect.
- It ensures that the integrity of the information is protected and that its contents do not change.
- It provides an advantage from the sectoral competitive environment.
- It protects data at minimum level.
- It implements the mandatory criteria of corporate companies.