Can Your Business Benefit From ISO 27001 Certification?

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Post By: Emily Drinks, Digital Content Consultant, WebFX

Security is one of the most important factors a business can achieve. Customers entrust you to keep their information confidential and for you to prevent any security leaks. The better security you have for your business, the more likely customers will trust you and support your company.

As the world becomes more digitally connected, cybersecurity is more essential than ever before. With the growth of cyber-related technologies, unfortunately, cybercrime has been on the rise, and in 2020 alone, the economy lost about $1 trillion due to cyberattacks.

Fortunately, there’s a way to keep your organization secure. The standards set in place with the ISO 27001 program are known worldwide. You can soon incorporate them into your cybersecurity plan so the business can reap the benefits of this security.

ISO 27001 Certification Explained

Known internationally, the ISO 27001 standard is prevalent and is known for securing information. Multiple companies have received this certification because they want their customers to entrust them to keep data safe and confidential.

In today’s digitally connected world, there are threats among all businesses. The ISO 27001 certification helps mitigate risks and allows companies to protect themselves from things such as:

  • Theft of data
  • Cybercrime
  • Misused information
  • Terrorist attacks
  • Network breaches
  • Loss of data
  • Viral attacks

The team that works on ISO 27001 continually updates the system to ensure that companies can defend themselves against cyber threats. Proper training of the system is a must, and once employees are adequately equipped, they can fight nearly any cybercrime. Additionally, organizations can manage their security, including finances, employee details and intellectual property.

Benefits of a ISO 27001 Certification

ISO 27001 is recognized internationally. It’s a great way to prove to clients and internal workers that you are committed to keeping information secure. Here are some ways your business can benefit from obtaining an ISO 27001 certification.

Retain Customers

Obtaining an ISO 27001 certification means that your business will better retain customers. Your customers rely on you to keep their information secure. The ISO 27001 certification demonstrates that you care about their cybersecurity, improving relationships with customers. Additionally, this will help you gain new customers.

Avoid Fines

Companies have a responsibility to comply with security standards. Since the ISO 27001 certification is globally recognized, it will be easier for your business to avoid hefty fines with non-compliance. Plus, you’ll avoid the financial losses that can occur without a security system.

Protect Business Reputation

With cyber-attacks on the rise, you want to do everything to protect your business reputation since that’s how your business is perceived. If a cyber attack were to occur, you risk losing customers. With the ISO 27001, you can breathe a sigh of relief since it will help keep your authority.

Compliance with Legal Responsibilities

Another benefit is that the ISO 27001 certification aligns with the regulations put in place by the General Data Protection Regulation (GDPR), the directive on security of network and information systems and other laws regarding cybersecurity.

Improves Internal Processes and Procedures

Finally, your organization will be able to improve internal processes and procedures. Within a security system, there are procedures and responsibilities that security management must follow. The ISO 27001 provides clear frameworks for how to mitigate risks and makes managing security more efficient.

How Your Business Can Achieve ISO 27001 Certification

If you would like to obtain the ISO 27001 certification for your organization, there are some steps you can take to achieve that goal. The first is learning everything you can about the system to ensure it’s right for your business.

Additionally, create goals and decide why your business should be certified. From there, you can run a risk assessment, schedule training for the ISO 27001 program, ensure you have all of the correct documentation and make a plan on how your business intends to improve with the ISO 27001 certification.

Keeping Your Organization Secure in a Digital World

The benefits associated with the ISO 27001 security system outweigh the risks of having a cyber attack or breach on your company. With the world-renowned certification, you’ll be able to keep clients and ensure that their information — and your internal information — remains within your company.