While ISO/IEC 27001 is only one of many standards available under ISMS, it is the most accepted and implemented ISMS universally. It is not without reason that enterprises such as Microsoft, Verizon, Apple, Google, Intel, and Amazon are all ISO 27001 certified. This ISO introduces and mandates a management system that is intended to bring information security under explicit management control. For this aim, ISO/IEC 27001 has specific requirements. Organizations that claim to have adopted it can be formally audited and certified compliant with the standard.
ISO/IEC 27001 requires that management:
- Systematically examines the organization’s information security risks, taking account of the threats, vulnerabilities, and impacts.
- Designs and implements a coherent and comprehensive suite of information security controls and/or other forms of risk treatment (such as risk avoidance or risk transfer) to address those risks that are deemed unacceptable.
- Adopts an overarching management process to ensure that the information security controls continue to meet the organization’s information security needs on an on-going basis.
Businesses have considerable benefits in acquiring ISO 27001 license. Internally, adhering to ISO 27001 ensures that the business has a comprehensive and effective system for meeting information security risks. Externally, adherence to a highly recognized standard sends the right message to the clients. ISO 27001 is invaluable for monitoring, reviewing, maintaining, and improving a company’s information security management system. ISO 27001 has a long list of requirements, that based on the specifics of the organization must mostly be implemented. Other processes required by ISO 27001 are there to ensure that the risk assessment and risk treatment processes are continually effective. In conclusion, the following are the benefits of acquiring an ISMS standard, specifically ISO 27001:
- ISO 27001 is the de facto international standard for Information Security Management
- It demonstrates a clear commitment to Information Security Management to third parties and stakeholders
- It can provide a framework to ensure the fulfilment of commercial, contractual, and legal responsibilities
- It provides a significant competitive advantage, and can effectively be a license to trade with companies in certain regulated sectors
- It provides for inter-operability between organizations or groups within an organization
It can provide compliance with, or certification against, a recognized external standard which can often be used by management to demonstrate due diligence.