Why is an effective implementation of the Information Security Management System in accordance to the ISO 27001 necessary nowadays?

The challenges and threats faced by organizations operating in an information-rich and technology-intensive environment require appropriate preparation and response. Such assumptions are met, among others, by the ISO 27001 standard.

Information economy as ISO 27001 context

In the face of the contemporary pace of development of the information economy, the increasing globalization of markets and resources (including offshoring and nearshoring), knowledge and information available mainly in electronic form, and the dynamic development of communication – organizations increasingly report the need to implement best practices in the field of information security management.

Convergence of the Business and IT worlds

In the era of IT governance development, the business world is increasingly converging the IT world and vice versa. Therefore, it is important to understand how decisions about the choice of information technology by organizations will affect the security of their information assets. It is no coincidence that information has been recognized as the most valuable resource of any company in the world.

Effective Information Security Management System affects your company value!

As the value of an organization’s intellectual capital and the information economy increases, the profitability of companies and the stock price increasingly depend on the security, confidentiality and integrity of information and information assets.

Information security management gives the freedom to develop, implement initiatives and expand customer base knowing that all information is secure.

The dynamic development and the scale of the information economy have created new threats and vulnerabilities for all companies, especially in cyberspace. Effective IT and information risk management is still a big challenge. Proper handling of identified information security risks affects the image and existence of private and public sector organizations around the world.

ISO 27000 standards family is a series of best practices to help organizations improve their information security

ISO 27001, which is the key standard of the entire ISO/IEC 27000 standards family, deals with information security management and is internationally recognized. The standard provides a comprehensive framework to eliminate the risk of data leakage through appropriate actions and controls.

The standard also specifies how to implement an independently assessed and certified Information Security Management System. ISO 27001 ensures the protection and security of all financial and confidential data. Therefore minimizes the likelihood that someone will gain access to it illegally or without proper authorization. It was also developed by international practices consideration.

There are many benefits of having ISO 27001 certificate

Organizations with a valid ISO/IEC 27001 certificate demonstrate their high commitment and compliance with the global practices. Thus, they confirm the status of a reliable and trusted business partner who achieves its goals by effectively eliminating threats related to the information security.

While some organizations are still debating the value of the ISO/IEC 27001 certification (arguing that it is about implementing an effective ISMS, not just a badge), the market is moving ahead. Hence, it is worth considering the effective implementation of the Information Security Management System according to the ISO/IEC 27001 in an organization. It is obvious that well-managed information technology contributes to the business development of companies worldwide.

Literature:

  1. Calder A., Watkins S. (2020), An international guide to data security and ISO27001/ISO27002, Kogan Page Limited, London.
  2. ISO/IEC 27001:2013 norm.
  3. https://www.bsigroup.com/pl-PL/ISO-IEC-27001-Bezpieczenstwo-Informacji [2022.01.11]
  4. https://www.iso.org/iso/home.html [2022.01.11]

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