How ISO 27001 Improves Data Security and Business Performance
By: Blair Felter on June 30, 2016
ISO 27001 is an information security international standard. The framework provides a powerful way for companies to protect their data as well as providing other benefits. “ISO 27001 is the only auditable international standard that defines the requirements to effectively manage and measure an information security management system (ISMS).”
For companies that do business overseas, having an ISO certification can provide external verification to improve trust with both new and existing customers. While it’s impossible to guarantee security against a wide variety of intrusions, ISO 27001 greatly increases your odds of success.
Why You Need ISO 27001
Companies typically seek ISO 27001 because they do business overseas and in many cases are required to get the certification. According to 451 Research, this is especially true for companies that are in the software as a service/cloud market. “Likewise, bids and tenders from UK Government Departments require products and services to be accredited to IL2 or IL3, which again requires ISO 27001 certification,” says Henrik Schouboe, ISO 27001 Senior Consultant..
In addition to being able to do business overseas, ISO 27001 has side benefits such as productivity and efficiency gains throughout the whole organization.
Creating New Business Opportunities
When you’re looking for a competitive edge, ISO 27001 can be a unique selling point, showing that your organization understands what it takes to protect your clients’ sensitive data. For example, ISO 27001 strengthens the controls that are in place for SSAE 16, SOC 2, HIPAA / HITECH, and PCI DSS.
“Nowadays, compliance with ISO 27001 can make the difference between winning and losing tenders. In fact, it is increasingly difficult to do business in international markets without ISO 27001 registration, as more and more organizations are demanding ISO 27001 registration in the supply chain. In some countries, such as Japan and India, it is even a legal requirement. That is why leading global brands such as Google, Cisco, Microsoft, and Verizon have all achieved ISO 27001 registration.”
Keeping Your Information Safe
Data breaches for high profile companies like Wendy’s, Home Depot, and Anthem are becoming commonplace. By having an ISO 27001 certification, it shows that your company takes cyber security seriously.
Every business has a responsibility to keep their data safe, whether it’s customer data, internal employee records, or intellectual property. ISO 27001 gives you a way to protect all of your data from potential threats including natural disasters, staff negligence, fraud, and even cyber attacks.
If you think increasing security does not decrease cost, think again. Consider the cost of service interruption for your business or what will happen to your reputation if data leaks to the public. Every time this type of event is mitigated, it saves your organization money.
Using ISO 27001 can protect your organization’s reputation, as well as your information assets both internally and abroad. It can also increase customer confidence by showing that you are doing everything possible to minimize the risk of data loss.
As the Marketing Director at vXchnge, Blair is responsible for managing every aspect of the growth marketing objective and inbound strategy to grow the brand. Her passion is to find the topics that generate the most conversations.