Information security is crucial in the business world. Companies choose various approaches to address tasks related to the storage and processing of confidential data. One of them is ISO 27001.
ISO 27001 is an international standard that defines requirements for the creation, implementation, improvement, and maintenance of an Information Security Management System (ISMS).
Recently, we successfully prepared our client for ISO 27001 certification. Based on a recent case, we want to share with you the procedure.
This standard establishes frameworks and principles for safeguarding confidential information within an organization, covering various aspects such as
- financial data
- intellectual property
- personal employee data
- and other information about third parties.
Over an extended period globally, efforts have been made to create uniform rules for protecting personal data, leading to the adoption of the General Data Protection Regulation (GDPR). All companies processing data of individuals from the European Union must comply with this regulation. While the document exists, there is no certificate confirming adherence to these standards. This is where ISO 27001 comes to the rescue, as its standards partially align with the requirements of GDPR, and compliance can be validated with a certificate.
ISO 27001 for Businesses
The certification of ISO 27001 is becoming increasingly relevant not only for large organizations but also for small and medium-sized companies in the context of technological advancement.
Every modern enterprise, to some extent, has tools for managing information security risks. In simpler terms, every company takes measures to secure its informational assets and restrict access to its systems. The Information Security Management System (ISMS) aligns all components of the organization’s information security system to ensure that all system policies, procedures, and strategies work as a cohesive unit.
It’s important to note that certificates do not provide an absolute guarantee of security but rather confirm adherence to specific criteria set by the accrediting body. For instance, the presence of an ISO/IEC 27001 certificate does not ensure 100% data security; it simply attests that the company meets certain information security standards.
Need assistance on your ISO 27001 journey? Reach out to Gart for personalized support and ensure your company’s information security is top-notch.
Why is standardization important for business? Advantages of ISO 27001 Certification
ISO 27001 certification is a powerful tool for building and maintaining trust in the client-supplier relationship. The competitive advantage gained through ISO 27001 extends beyond marketing, influencing real success and the resilience of the business.
Obtaining the certificate comes with numerous benefits. Firstly, it confirms that the company takes information security seriously, a crucial factor for clients and partners. The certificate enhances trust and demonstrates adherence to established standards.
Cost Savings
It sounds incredible, but the certification process can actually lead to substantial cost savings for the company in the future. When ISO 27001 certification is conducted properly, it results in long-term economic benefits. For instance, Gart’s strategic approach streamlines processes, allowing teams to focus on higher-level tasks, ultimately reducing costs associated with compliance audits.
A clear understanding of risks enables cost optimization and the formulation of effective security policies.
Increased Sales
ISO 27001 certification is a significant marketing asset. Clients are drawn to the commitments a business makes by obtaining the certificate. The enhanced reputation attracts new clients and partners, fostering business growth.
Reputation Protection
Certification elevates the level of company security, introducing improved policies and technologies. A modern security system helps avoid the detrimental impact of malicious actors on your business. ISO 27001 certification allows you to demonstrate a commitment to information security, ensuring data confidentiality and integrity. It also contributes to attracting clients and serves as a competitive advantage for your business. Regular audits help identify risks and respond to changes in the environment.
How to Prepare Your Company for ISO 27001 Certification?
Achieving ISO 27001 certification is a complex task that requires thorough preparation and involves various types of work. This process demands the involvement of a significant number of employees and entails lengthy and costly preparations.
Therefore, at the initial stage, it is crucial to develop a detailed action plan outlining specific tasks, who will be working on them, when they will be accomplished, and how the project will be executed.
Appoint a dedicated team responsible for the certification process, including representatives from different departments. Conduct training for staff on information security and the implementation of an Information Security Management System (ISMS).
Start by understanding the ISO 27001 standard and its requirements. It is essential to carefully study the ISO 27001 standard, which consists of two parts:
- The main part, which contains the core content of the standard.
- Appendix A, which includes a list of 114 potential control measures.
Ready to elevate your information security standards? Gart is here to guide you through ISO 27001 certification. Let’s strengthen your defense against cyber threats together.
Approximate ISO 27001 Preparation Plan
Analysis
Assess the current state of your Information Security Management System (ISMS). Identify gaps between existing practices and ISO 27001 requirements. Also, crucially, determine which part of your organization falls under the scope of ISO 27001.
Documentation
Develop and document policies, processes, and procedures aligned with ISO 27001. Create a Statement of Applicability (SoA) defining the scope of your ISMS.
Risk Assessment
Conduct a thorough risk analysis to identify potential security threats. Develop a risk treatment plan to manage and mitigate the identified risks.
Implementation
Ensure employee training and awareness regarding their roles in preserving information security.
Internal Audit
Conduct an internal audit to assess the effectiveness of implemented measures. Identify areas for improvement and corrective actions. At this stage, you may consider engaging external consultants with the necessary expertise, and companies like Gart offer professional services for ISO 27001 certification preparation.
It’s also important to note that ISO 27001 is related to several other standards, such as ISO 22301, ISO 31000, and ISO 27003.
External Audit
Demonstrate compliance with ISO 27001 standards. Select an auditor or certification body to conduct the final audit and issue a certificate if your company meets the requirements. After successfully completing the external audit, obtain the ISO 27001 certificate.
What is the cost of obtaining an ISO 27001 certificate?
The cost of obtaining an ISO 27001 certificate can vary significantly and depends on various factors, including the size of the company, the complexity of its information systems, the industry, geographical location, and other considerations. Typically, it’s a bespoke matter that is discussed with the agency or organization overseeing the certification process. Even with an approximate cost estimate, it’s advisable to include a contingency reserve in the budget.
ISO 27001 vs. SOC 2 table
| Aspect | ISO 27001 | SOC 2 |
|---|---|---|
| Scope | Information security management system (ISMS) | Controls relevant to security, availability, processing integrity, confidentiality, and privacy of information stored in the cloud |
| Focus | Comprehensive security framework | Specific emphasis on cloud security |
| Requirements | Broad range covering risk assessment, policies, procedures, and continual improvement | Focus areas include security, availability, processing integrity, confidentiality, and privacy |
| Applicability | Applicable to all types of organizations | Especially relevant for service organizations hosting data in the cloud |
| Certification | ISO 27001 certification | SOC 2 compliance |
| Benefits | Demonstrates commitment to information security and data protection | Provides assurance to clients and stakeholders regarding security controls in place |
| Market Recognition | Globally recognized standard | Increasingly recognized and sought after, particularly in tech and service sectors |
| Customizability | Highly customizable to fit organizational needs | Allows flexibility in selecting applicable trust services criteria |
| Continuous Improvement | Requires continual assessment and improvement | Encourages ongoing monitoring and refinement of controls |
| Regulatory Compliance | Helps organizations comply with various regulations | Can assist in meeting regulatory requirements, especially in data privacy and security standards |
Conclusion
ISO 27001 certification is not just a compliance requirement; it is a journey towards excellence in the realm of information security. Preparing for ISO 27001 certification is a task that demands dedication, collaboration, and systematic efforts from the entire company.
Ready to embark on your ISO 27001 journey? Contact Gart for expert guidance and let’s achieve information security excellence together.
