The challenges and threats faced by organizations in an information-rich, technology-intensive environment demand robust preparation and response. The ISO 27001 standard is designed to meet these needs effectively.
Information economy in the ISO 27001 context
Given the rapid development of the information economy, the increasing globalization of markets and resources (including offshoring and nearshoring), the dominance of electronic knowledge and data, and advances in communication, organizations increasingly seek best practices in information security management.
Convergence of the Business and IT worlds
As IT governance evolves, the business world and IT are converging. It’s critical to understand how organizational decisions around information technology impact the security of information assets. Companies worldwide now recognize information as one of the most valuable resources.
How an effective Information Security Management System boosts Company Value
As intellectual capital and information grow in value, the security, confidentiality, and integrity of information assets have a direct impact on companies’ profitability and stock value.
An effective Information Security Management System (ISMS) provides the assurance needed to develop and implement initiatives and expand the customer base, all with the confidence that sensitive information remains secure.
The rapid growth and scale of the information economy have also introduced new threats and vulnerabilities, particularly in cyberspace. Effective IT and information risk management remain a major challenge, as proper handling of identified security risks influences the reputation and continuity of organizations in both the private and public sectors.
The ISO 27000 family of standards: Best practices for Information Security
The ISO 27001 standard is the cornerstone of the ISO/IEC 27000 family, addressing information security management and enjoying global recognition. It provides a structured framework to prevent data breaches through carefully designed controls.
The standard outlines how to implement an independently assessed and certified ISMS, ensuring the protection of financial and confidential data and reducing the likelihood of unauthorized access. It was developed in alignment with international best practices.
The many benefits of an ISO 27001 certification
Organizations with ISO/IEC 27001 certification demonstrate a high level of commitment to global information security standards. This certification confirms an organization’s status as a reliable and trusted business partner that actively mitigates information security threats.
While some organizations debate the value of ISO/IEC 27001 certification (arguing that the focus should be on an effective ISMS rather than just certification), the industry continues to progress. It’s worth considering the implementation of an ISMS aligned with ISO/IEC 27001, as effective information technology management contributes significantly to global business development.
Literature:
- Calder A., Watkins S. (2020), An international guide to data security and ISO27001/ISO27002, Kogan Page Limited, London.
- ISO/IEC 27001:2013 norm.
- https://www.iso.org/iso/home.html [2022.01.11]
