ISO 27001:2013 - INFORMATION SECURITY MANAGEMENT

ISO 27001:2013 is an international standard for INFORMATION SECURITY MANAGEMENT

What is ISO 27001:2013 INFORMATION SECURITY MANAGEMENT ?

An information security management system (ISMS) is a comprehensive strategy to ensuring the confidentiality, integrity, and availability (CIA) of business information assets. People, processes, and technology are all part of it, as are policies, procedures, and other controls. An ISMS is an efficient, risk-based, and technology-neutral way to keeping your information assets secure, informed by regular information security risk assessments. To begin, keep in mind that ISO 27001:2013’s entire name is “ISO/IEC 27001:2013 – Information technology — Security approaches — Information security management systems — Requirements.”

It is the premier worldwide information security standard, produced jointly by the International Organization for Standardization (ISO) and the International Electro technical Commission (IEC) (IEC). Both are worldwide standards-setting bodies with a strong track record. ISO 27001:2013 was created to assist enterprises of any size or industry in adopting an Information Security Management System to protect their information in a methodical and cost-effective manner (ISMS).

ISO 27001:2013’s primary purpose is to safeguard three aspects of data:

Confidentiality: Only authorised individuals have access to information.
Integrity: The information can only be changed by those who are allowed to do so.
Availability: The information must be available to authorised individuals at all times.

The goal of ISO/IEC 27001:2013-compliant information security management is to provide effective protection for information and IT systems in terms of security, authenticity, and accessibility. This security is not a goal in and of itself; rather, it aims to support business operations, the attainment of corporate objectives, and the preservation of company assets by reliably providing and processing data. The following three views are commonly used in an ISMS:

1) G – Governance perspective – IT and information security goals drawn from the company’s broader goals.
2) R – Risk viewpoint – Asset and IT system protection requirements and risk exposure.

The company’s risk-taking approach.
Risks vs. opportunities

3) C – Point of view on compliance

Internal regulations and guidelines
Contractual obligations
External regulations imposed by laws, regulators, and standards

Why ISO 27001:2013 is Important?

One of the most widely used information security standards is ISO 27001:2013. Certification to the Standard by an independent accrediting body is recognised all across the world. In the last ten years, the number of certifications has increased by more than 450 percent.

Implementing the Standard will assist you in meeting the legal obligations for information security. This helps to cut down on the expenses of data breaches.

With the implementation of this information security standard, a corporation can realise four important commercial benefits:

ADHERE TO ALL THE LEGAL REQUIREMENTS

There are an increasing number of laws, regulations, and contractual requirements relating to information security, and the good news is that the majority of them can be resolved by implementing ISO 27001:2013 – this standard provides you with the perfect methodology to comply with them all.

OBTAIN A COMPETITIVE ADVANTAGE

If your firm becomes certified while your opponents will not, you may gain a competitive advantage over them in the eyes of clients who are concerned about the security of their personal information.

BETTER ORGANISATION

Fast-growing organisations generally do not have the time to stop and define their processes and procedures; as a result, employees frequently are unaware of what needs to be done, when, and by whom. ISO 27001:2013 implementation aids in the resolution of such problems since it encourages businesses to document their core operations, allowing them to reduce lost time by their employees.

LOWER EXPENSES

ISO 27001:2013’s fundamental idea is to prevent security incidents, and every occurrence, large or small, costs money. As a result, preventing them will save your firm a significant amount of money. The best part is that the cost of implementing ISO 27001:2013 is significantly less than the cost savings you would realise.

BENEFITS TO STAFF

Belief in the organization’s long-term viability
Workplace training (and home security)
Policies and procedures provide clarity.
They are proud of the organisation and their role in safeguarding it.

BENEFITS TO COSTUMERS

Confidence and trust in you and your supplier chain
There’s a lower chance of an expensive breach.
Lower supplier onboarding costs

Key Industries That Need ISO 27001:2013 Certification

From that perspective, ISO 27001 implementation can benefit any organisation that handles sensitive data, whether for profit or not, small or large, public or private.

IT COMPANIES

Software development firms, cloud firms, and IT support organisations are just a few of the industries that implement ISO 27001 – most usually, they do so to get new clients by proving to them with a certificate that they are capable of safeguarding their information in the best possible way.

GOVERNMENT AGENCIES

Government agencies manage extremely sensitive data; part of this data is confidential, but the integrity and availability of this data is critical in all agencies. ISO 27001 was created with those three characteristics in mind, making it an ideal methodology for reducing the number of incidents to a bare minimum.

FINANCIAL COMPANIES

When banks, insurance firms, brokerage houses, and other financial institutions need to comply with a variety of laws and regulations, they choose ISO 27001. The banking industry’s data protection regulation is the strictest, and fortunately, legislators have mostly based their legislation on ISO 27001:2013. As a result, ISO 27001:2013 is an ideal technique for achieving compliance, making it simple to pitch such a project to executives.

TELECOMS

Telecommunications firms, particularly Internet service providers, are focused on safeguarding the massive amounts of data they manage and decreasing disruptions, therefore ISO 27001:2013 is a natural fit.

HEALTH-RELATED ORGANISATIONS

They want to secure their patients’ data, and pharmaceutical corporations want to keep their development and formula data safe.

COMPANIES THAT DEAL WITH FOOD.

Manufacturing companies want to protect their knowledge of how certain parts are made, thus they preserve their particular formulas.

Verdict

The ISO/IEC 27001:2013 standard, which specifies the standards for an information security management system, is well-known (ISMS). They allow any firm to manage the security of assets such as financial data, intellectual property, employee information, and information provided by third parties.