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Three Benefits of ISO 27001
The 2024 IBM Cost of a Data Breach Report, notes it takes 258 days on average for companies to realize they have been breached. While this is down from the 2023 report, bad actors still have a lot of time to maneuver in company systems. The average cost of these breaches in the United States was $4.88 million. Cybersecurity attacks are not going away any time soon.
How Does ISO 27001 Help Protect Businesses from Cybersecurity Attacks?
What can businesses do in the face of this daily threat? One of the most beneficial tactics is to work toward an ISO 27001 certification. How does ISO 27001 help?
Quality Management
ISO 27001 is similar to ISO 9001, the Quality Management Standard. In fact, if your business is ISO 9001 certified, achieving ISO 27001 certification will be less complex and time-consuming for you. If you are familiar with the ISO 9001 standard, you know that one of the most important facets is management buy-in. Not only are managers ultimately responsible, but they are also obligated to communicate updates to standard operating procedures, assist with training, and make resources available so the team can achieve the appropriate compliance.
Information Security Management Systems
ISO 27001 also relies on these principles, but with a focus on information security. As the 2023 Verizon Data Breach Investigations Report notes, 74% of reported breaches can be traced to human error. The process of meeting ISO 27001 compliance helps remediate these training gaps, ensuring all employees from the top down are held accountable for the data they handle.
Preventing cybersecurity attacks is not a “one and done” proposition, and for that reason, ISO 27001 is not ever truly finished, although companies can be certified. Part of the certification is the understanding that monitoring of the ISMS (information security management system) will happen at the appropriate intervals. Findings will be documented, and any problems will be remediated as effectively and efficiently as possible.
Solid Standard Operating Procedures
Finally, ISO 27001 will help your company structure a response and remediation plan. In the aftermath of a breach, knowing exactly what to do when is an expediting factor. Having a plan also assists companies in remaining as calm as possible and avoiding causing further problems through additional human error triggered by stress and anxiety.
Other Benefits of ISO 27001
Any ISO certification gives a company more credibility. The ISO 27001 certification not only proves to your customers and partners that your company has been deemed secure and trustworthy by a third party, it also highlights your company’s dedication to quality. ISO certification can also offer a competitive advantage if key competitors are not ISO-certified. It is an immediate differentiator.
Need Help with ISO 27001?
If you are not sure whether your organization truly would benefit from this certiification, or if you want to talk about your cybersecurity infrastructure in general, schedule a 30-minute no obligations meeting with one of our cybersecurity experts today. We look forward to learning more about your organization.