ISO 27001

The ISO 27001:2013 standard adopts a process approach for establishing, implementing, operating, monitoring, reviewing, maintaining, and improving an organization’s information security management system. ISO 27001 was established by the International Organization for Standardization (ISO). It was first launched in 2005, as a replacement of BS 7799.

Protecting your assets

The standard takes a comprehensive approach to information security. Assets that need protection range from digital information, paper documents, and physical assets (computers and networks) to the knowledge of individual employees. Issues you have to address range from competence development of staff to technical protection against computer fraud.

ISO 27001 will help you protect your information in terms of the following principles:

• Confidentiality ensures that information is accessible only to those authorized to have access.
• Integrity safeguards the accuracy and completeness of information and processing methods.
• Availability ensures that authorized users have access to information and associated assets when required.

Benefits of ISO 27001:2013

The benefits of standardization and of implementation of one or more of the ISO 27000 series are wide and varied. Although they tend to differ from organization to organization, many are common.
The following is a list of potential benefits. As with many items on this website, this is an ongoing project. Please feel free to add further points via the comments option below.

·       Interoperability

This is a general benefit of standardization. The idea is that systems from diverse parties are more likely to fit together if they follow a common guideline.

·       Assurance

Management can be assured of the quality of a system, business unit, or other entity if a recognized framework or approach is followed.

·       Due Diligence

Compliance with, or certification against, and international standard is often used by management to demonstrate due diligence.

·       Bench Marking

Organizations often use a standard as a measure of their status within their peer community. It can be used as a benchmark for current position and progress.

·       Awareness

Implementation of a standard such as ISO 27001 can often result in greater security awareness within an organization.

·       Alignment

Because implementation of ISO 27001 (and the other ISO 27000 standards) tends to involve both business management and technical staff, greater IT and Business alignment often result.

·       Compliance

It might seem odd to list this as the first benefit, but it often shows the quickest “return on investment” – if an organization must comply to various regulations regarding data protection, privacy and IT governance (particularly if it is a financial, health or government organization), then ISO 27001 can bring in the methodology which enables to do it in the most efficient way.

·       Marketing edge

In a market which is more and more competitive, it is sometimes very difficult to find something that will differentiate you in the eyes of your customers. ISO 27001 could be indeed a unique selling point, especially if you handle clients’ sensitive information.

·       Lowering the expenses

Information security is usually considered as a cost with no obvious financial gain. However, there is a financial gain if you lower your expenses caused by incidents. You probably do have an interruption in service, or occasional data leakage, or disgruntled employees. Or disgruntled former employees. The truth is, there is still no methodology and/or technology to calculate how much money you could save if you prevented such incidents. But it always sounds good if you bring such cases to management’s attention. This one is probably the most underrated – if you are a company which has been growing sharply for the last few years, you might experience problems like – who has to decide what, who is responsible for certain information assets, who has to authorize access to information systems, etc.

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