Why ISO 27001 is a superior risk and data security framework
Information security has never been more important. With the complete shift to cloud and mobile, huge volumes of business data are now collected, stored and accessed in multiple locations by multiple people both inside and outside your organisation.
As a result, governments are being forced to act to provide legal and regulatory protections across the complete data life cycle. The introduction of laws such as Australia’s Mandatory Data Breach Notification Laws, the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) will continue as governments all over the world work hard to solve the mounting security challenges and risks.
The flow on effect is that nearly every organisation we’ve worked with has tackled some aspect of security against a framework, although these tend to be‘all-or-nothing’ frameworks that devolve into simple checkbox compliance.
Where ISO 27001 is different is that it’s a risk-based framework that is tailored to the tangible needs of a business. It helps to identify, assess and treat risk by defining the requirements for a complete information security management system.
As an example, if you are looking to grow (whatever the size of your business) then ISO 27001 certification provides assurances to new and existing customers that you have the necessary systems, policies and protocols in place to appropriately secure their data. This could be a key differentiator for your business in a crowded market.
If you are a B2B enterprise, then ISO 27001 can also help you sell or provide services to potential customers by streamlining onboarding. This is particularly useful in highly regulated verticals where supply chain risk is a major concern.
If you are a B2C enterprise, then ISO 27001 gives your customers confidence that you take security of their personal information seriously.
We can fully expect more and more compliance requirements to be imposed on businesses so now is the best time to establish a solid information security management foundation rather than trying to tackle individual and isolated issues later on.