Win new business and sharpen your competitive edge
ISO 27001 compliance helps you demonstrate good security practices, which can improve relationships with clients and give you a competitive advantage.
As a company with ISO 27001 certification, you can seek out new business opportunities with the assurance that your claims are backed up.
You can use your certification to:
- Tender for new contracts;
- Demonstrate to potential clients that you take security seriously; and
- Stand out from the competition.
Avoid the financial penalties and losses associated with data breaches
The global average cost of a data breach has skyrocketed to $4.35 million (a 12.7% increase from 2020), according to IBM’s 2022 Cost of a Data Breach Report.
ISO 27001 is the global standard for effective information management. It helps organisations avoid potentially costly security breaches.
ISO 27001-certified organisations can show customers, partners and shareholders that they have taken steps to protect data in the event of a breach. This can help minimise the financial and reputational damage caused by a data breach.
Protect and enhance your reputation
Cyber attacks are increasing in volume and strength daily. The financial and reputational damage caused by ineffectual information security can be disastrous.
Implementing an ISO 27001-certified ISMS helps protect your organisation against such threats and demonstrates that you have taken the necessary steps to protect your business.
Comply with business, legal, contractual and regulatory requirements
ISO 27001 is designed to ensure the selection of adequate and proportionate security controls that help protect information in line with increasingly rigid regulatory requirements such as the GDPR (General Data Protection Regulation) and NIS (Network and Information Systems) Regulations.
Improve structure and focus
When a business grows rapidly, it doesn’t take long before there is confusion about who is responsible for which information assets. The ISO 27001 standard helps organisations become more productive by clearly setting out information risk responsibilities.
The benefits of having a clear and well-defined structure for managing information risks are:
- Increased productivity: Organisations can improve productivity by ensuring that everyone understands who is responsible for which information assets. This way, there is no duplication of effort and everyone knows their role.
- Improved decision-making: Organisations can make better decisions about how to manage information risks by understanding the risks involved.
- Reduced costs: Organisations can avoid wasted effort and expense by having a clear and concise structure for managing information risks.
Reduce the need for frequent audits
ISO 27001 certification provides a globally accepted indication of security effectiveness, negating the need for repeated customer audits, and reducing external customer audit days.
Obtain an independent opinion about your security posture
Certification to ISO 27001 requires regular reviews and internal audits of the ISMS to ensure continual improvement.
In addition, an external auditor will review the ISMS at specific intervals to establish whether its controls are working as intended.
This independent assessment provides an expert opinion of whether the ISMS is functioning correctly and provides the level of security needed to protect the organisation’s information.
