Friday, 1 November 2019

Cyber risks and ISO 27001 certification


What is ISO 27001 certification? 


ISO 27001 certification is best defined as a lifestyle that empowers a business to improve its overall information security system. The executive branch of the organization must be adopting this lifestyle and lead by example for it to truly effective.
Officially, ISO 27001certification is an international standard in information security and asks that organizations provision and adopt an information security management system (ISMS).




Can ISO 27001 Certification safeguard my business against all risk?


ISO 27001 ensures that you take a holistic view of the data security risks that can affect your business on a regular basis. It ensures that you give consideration to risks generated by people and processes as well as by systems or external factors. By doing so, it helps to preserve the confidentiality, integrity and availability of sensitive corporate information and reduces the risk of costly security threats.


How can ISO 27001Certification body protect my business?


Having the ISO 27001 Information Security Management System, marks you out as being serious about safeguarding your IT and data. Once the domain of software companies and corporates, more and more SMES are choosing to set themselves apart from the competition with ISO 27001.
Once certified, this globally recognized standard enhances your reputation, providing instant kudos in the private sector. It also enables you to apply for public sector tenders.
You could soon be using this standard to communicate to your potential customers that their information will be held securely, that your team is well trained and that you are on top of your risks and regulatory requirements. Plus, you can reassure them that your business continuity plan strengthens their supply chain.

As for your employees, they’ll enjoy the reassurance that comes from being able to confidently identify and handle potential risks, whatever their level of IT experience.


ISO 27001 and risk management:


ISO 27001 standard emphasis the importance of risk management, which forms the cornerstone of ISMS. All ISO 27001 projects revolve around an information security risk assessment - a formal, top management-driven process which provides the basis for a set of controls that help to manage information security risks.
By implementing an ISO 27001, organizations will be able to secure information in all its forms, increase their resilience to cyber attacks, adapt to evolving security threats and reduce the costs associated with information security.


Is Certification a Must?


Certification is not a must for most organizations. However, a certification demonstrates that your organization has formally met the objectives of the certification requirements. As part of the ISO 27001 certification procedure, an external body will assess your claim to ensure that you are doing what you claim.

ISO 27001 requires re-certification checks (also referred to as internal audits) every year, which ensures you are on track with your Information Security and compliance requirements. Our clients have seen significant benefits in taking control of their own existing risks and controls to safeguard assets from these risks.

Even when an organization elects not to pursue an ISO 27001 certification, it is highly recommended that it aligns its business to the ISO 27001 framework, controls and principles.
This would help the business in multiple ways:


·        Demonstrate to clients and regulators that the business is following an internationally-accepted and recognized standard.

·        Enable easy certification when (and if) the organization decides to pursue official recognition of their efforts.

Benefits of ISO 27001 Certification:


ISO 27001 is an international standard recognized around the world for mitigating information security risks. When you obtain certification to ISO 27001, it means you can prove to both your clients and your internal stakeholders that you are serious about and committed to managing the security of the information they trust you with.


Today, ISO 27001:2013 (the current version of ISO 27001) offers a comprehensive set of standardized requirements for an Information Security Management System (ISMS). These standards are designed to adopt a process that relies entirely on establishing, implementing, operating, monitoring, maintaining, and improving your ISMS.


Ø  Keeps confidential information secure.
Ø  Provides customers and stakeholders with confidence in how you manage risk.
Ø  Allows for secure exchange of information.
Ø  Helps you to comply with other regulations (e.g. SOX)
Ø  Provide you with a competitive advantage.

 Why implement ISO 27001 Certification Body?


         Base risk management decisions on strategic business objectives and provide a defined level of assurance

         Focus on critical information in any form: digital, paper, video, voice

         Enhance information security metrics and reporting to justify ongoing and increasing Investment in effective controls

      Take a comprehensive risk based view on implementing controls Symantec 2016
Internet Security Threat Report UK Govt. Cyber Security Breaches Survey 2016

ISO 27001 certification in 10 easy steps:


§  Prepare.

§  Establish the context, scope, and objectives.

§  Establish a management framework.

§  Conduct a risk assessment.

§  Implement controls to mitigate risks.

§  Conduct training.

§  Review and update the required documentation.

§  Measure, monitor, and review.

ISO 27001 Certification Service Process:


Let’s start first with the certification process itself – it is divided in two steps: Stage 1 audit and Stage 2 audit. In Stage 1 audit the certification auditor checks whether your documentation is compliant with ISO 27001; in Stage 2 audit the auditor checks whether all your activities are compliant with both ISO 27001 and your documentation.

Therefore, you need to focus to both writing appropriate documentation for your needs, and to really committing to implementation information security in your company.


Why is ISO 27001 good for your company?

There are four essential business advantages that a company can achieve with the implementation of this information security standard:

Comply with legal requirements – there are lot of laws, regulations and contractual requirements related to information security, and the good news is that most of them can be resolved by implementing ISO 27001 – this standard offers you the perfect methodology to comply with them all.

Achieve marketing advantage – if your company gets certified and your competitors did not make it, you may have an advantage over them in the focus of the customers who are sensitive about keeping their information safe.

Lower costs – the main idea of ISO 27001 is to prevent security risks from happening – and every incident, large or small, costs money. Therefore, by protecting them, your company will save quite a lot of money. And the best thing of all – investment in ISO 27001 is far smaller than the cost savings you’ll achieve.

Better organization – Usually, fast-growing companies do not have the time to stop and explain their processes and procedures – as a consequence, often the employees do not know what needs to be done, when, and by whom. Implementation of ISO 27001 helps to resolve such situations, because it motivates companies to write down their main processes (even those that are not security based), enabling them to lower the lost time of their employees.

To know more about the audit procedure. Kindly click here.

Contact us

Mail: info@iasiso.com
Website: www.ias-malaysia.com `

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