ISO 27001: Cybersecurity as a Business Enabler
As technology advances, information security has become increasingly vital. At the same time, it has grown vulnerable to attack as cyber risks pose a major threat to companies across industries. As the market grows saturated with competition, the ISO 27001 certification has the power to open new doors and give your organisation a strong business advantage.
What is ISO 27001?
ISO 27001 is a globally recognised standard by the International Organization for Standardization (ISO) in managing information security. The goal is to provide a family of standards on how organisations (regardless of size or sector) should manage the security of their data. This data includes financial information, intellectual property, and the details of employees, third-party vendors, and customers. ISO 27001 serves as a guideline for any company looking to improve their information security management, providing a best practice framework to protect information confidentiality, integrity, and availability.
In today’s competitive market, more and more organisations worldwide are obtaining ISO 27001 certification. According to the ISO Survey, the number of ISO 27001 certifications is growing in Singapore — with an 80% increase from 123 certifications in 2017, to 222 in 2020.
Business Advantages of ISO 27001 Certification
1. Robust Cyber Security Governance to Mitigate Potential Cyber Attacks
Being ISO 27001 certified indicates your organisation’s information security management system (ISMS) adheres to the best cyber security practices. It enables your company to manage incidents and recover from cyber attacks in a timely manner, as the audit involves:
- Conducting a robust risk assessment to identify and mitigate critical cyber risks
- Developing and implementing a comprehensive risk management plan
- Running IT disaster and incident response exercises to ensure the effectiveness of the ISMS
ISO 27001 provides a strong foundation and places your company in a favourable position to identify and mitigate cyber risks effectively before they happen. This plays a significant role in strengthening business continuity by allowing you to minimise costly downtime.
2. Contribute to PDPA & MAS TRM Compliance
Implementing ISO 27001 shows that your organisation regards information security seriously and has taken the necessary steps to identify and address risks. Having an ISO 27001 certified ISMS ensures that your data is securely managed, fast-tracking your organisation towards compliance with different data protection regulations, such as the Personal Data Protection Act (PDPA) and MAS Technology Risk Management Guidelines (MAS TRM Guidelines) in Singapore.
3. Elevate Brand Reputation & Foster Customer Confidence
The ISO 27001 certification offers credibility. It shows customers and stakeholders that your company is trustworthy, secure, and committed to following information security best practices. With an increasing number of organisations seeking certification, ISO 27001 has become a business differentiator to get ahead of competitors. Furthermore, it minimises potential cyber risks that could lead to data breaches, or security incidents that incur financial penalties and reputational damage. Customers can choose your business with confidence, knowing that their personal data and information is protected at all times.
Today’s customers are more likely to trust a company with a global ISO standard over an uncertified company. They may even make certification a requirement of suppliers as a form of quality assurance. As such, being ISO 27001 certified is a stepping stone towards greater business success.
Begin Your Journey Towards ISO 27001 Certification with CSIntelligence
CSIntelligence is an ISO 27001 certified Managed Security Services Provider in Singapore with CREST certified pentesters. Dedicated to defending assets, data and processes against cyber attacks, we assist organisations in building cyber resiliency through cyber security governance, management, and operations.
Embark on your path towards achieving your ISO 27001 certification with CSIntelligence.
Contact us today for a non-obligatory discussion with our cyber security consultants.