Benefits of
ISO/IEC 27001:2022

Implementing an ISO 27001 Information Security Management System (ISMS) will provide your organization with many benefits. First and foremost, ISO 27001 will help to eliminate or minimize security threats such as breaches that could have legal or business continuity implications. When you become ISO 27001 certified, you will have an effective ISMS system that will provide a framework of policies and procedures to keep information secure.

In recent years, security breaches have become more common and more severe. Following a series of high-profile cases, the market has shown how damaging these breaches are to an organization. By establishing and maintaining a documented system of controls and management, risks can be identified and reduced.

Achieving ISO 27001 certification shows that your business has a system in place that:

• Protects information from getting into unauthorised hands
• Ensures information is accurate and can only be modified by authorised users
• Assesses the risks and mitigates the impacts of a breach
• Has been independently assessed to an international standard based on industry best practices

To reach ISO 27001 certification the organization must have identified the risks, assessed the implications and put in place systemized controls to limit any damage to the organization. When complete, the benefits include:

• Increased reliability and security of systems and information
• Improved customer and business partner confidence
• Increased business resilience
• Alignment with customer requirements
• Improved management processes and integration with corporate risk strategies

ISO 27001 certification does not guarantee that breaches will never occur, however, by having this system in place, it reduces likelihood of this occurring and reduces the risks, disruptions and costs if it were to happen.

Overall Benefits of ISO 27001:

Gain New Business

When you can display your certification to ISO 27001, you can demonstrate to the world that you have great security practices. This will allow you to improve working relationships, retain existing clients and gives you a marketing edge against your competitors.

Financial Benefits

When you choose to implement an ISO 27001 information security management system, you can avoid the financial penalties and losses associated with data breaches. Today, the average data breach costs $8.19 million dollars- or to break it down further, about $146.00 per contact. Although the cost per data contact has decreased by about 3% over the past year, data breaches are on the rise by 10%. 

Complying with business, legal, contractual and regulatory requirements

ISO 27001 was designed to ensure that organizations not only maintain ISO standards, but also requires organizations to meet legal and regulatory requirements. 

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 Standard helps businesses become more productive by clearly setting out information risk responsibilities.

Reduce the need for frequent audits

ISO 27001 certification provides a globally accepted indication of security effectiveness, negating the need for repeated customer audits, which reduces the number of external customer audit days.

Obtain an independent opinion about your security posture

Certification to ISO 27001 involves undertaking regular reviews and internal audits of the ISMS to ensure its continual improvement. In addition, an external auditor will review the ISMS at specific intervals to establish whether the controls are working as intended. This independent assessment provides an expert opinion of whether the ISMS is functioning properly and provides the level of security needed to protect the organization’s information.