Benefits of ISO 27001 for the Company

October 30, 2019

 

 

Some benefits of ISO 27001 implementation for the company such as:

 

1 Improvement of security:
   General improvement of information security effectiveness
   The standard covers both the technological aspects of security and the other aspects:

   corporate security, physical security, etc.
   Independent review of your information security management system
   Enhanced information security awareness
   Mechanisms to measure the effectiveness of the management system

 

2.Good governance:
    Awareness and empowerment of personnel regarding information security
    Decrease of lawsuit risks against upper management in virtue of the ‘‘due care’’ and

    the ‘‘due diligence’’ principles
    The opportunity to identify the weaknesses of the ISMS and to provide corrections
    Increase of the top management accountability for information security

 

3. Conformity:
     To other ISO standards

     To OECD (Organization for Economic Co-operation and Development) principles
     To industry standards, example: PCI-DSS (Payment Card Industry Data Security

     Standard), Basel II (for banking industry)
     To national and regional laws

 

4. Cost reduction:
      Decision makers often ask to justify the profitability of projects and demand concrete

      and measurable return benefits. A new financial evaluation concept has emerged to 

      treat specifically the information security field: Return on Security Investment (ROSI).

      ROSI is a concept derived from Return on Investment (ROI). It can be interpreted as

      the security project’s financial profit taking into account its total cost over a given 

      period of time.

 

5. Marketing:
     Differentiation provides a competitive advantage for the organization
     Satisfaction of requirements of customer or other interested parties
     Consolidating confidence of customers, suppliers and partners of the organization

 

 

 

 

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