Businesses considering implementing this standard have to answer the question of what the ISO 27001 benefit to business is. The British Assessment Bureau informs us that ISO 27001 helps companies achieve an information security management system (ISMS) that allows the company to minimize or remove the chance of a data breach.
Data security isn’t a new concern for companies. The BBC mentions that cybersecurity is of the utmost importance to any business in the twenty-first century. However, while we are aware of how important data security is, how does this tie into the ISO 27001 benefit to business?
Data Integrity and Restoration
Data corruption can be a plague that can cause an entire company’s databases to buckle and collapse. Ensuring that individual records maintain their integrity is crucial to ensuring that the company can meet its mandate to clients and suppliers alike.
With integrated databases, minor corruption could cost a company quite a lot. There’s no way to isolate and repair the corrupted data. By implementing data security systems under the ISO 27001 standard, a business sets up a framework. This framework deals with data integrity and can help with compromised datasets.
Data organization, access control, and a specific backup protocol ensure that datasets remain viable and avoid corruption. Comparing the latest backup with the current version can help a company restore the damaged data without too much hassle.
Privacy of User Data
Another crucial ISO 27001 benefit to the business is increased privacy for the company’s data. An ISMS helps businesses avoid problems that arise if they fail to secure data appropriately. Access control, group management policies, and destruction of data no longer in use are crucial parts of an ISMS. They ensure that user information doesn’t leave the company’s servers or fall into the wrong hands.
ISO 27001 regulations keep businesses secure in knowing that the data they have on their systems are protected. It also helps to avoid messy legal battles associated with data leaks.
Intellectual Property Protection
Businesses all have their own intellectual property generated within the company. Protecting a business’s intellectual property (IP) ensures that it maintains its competitive edge. Risk management techniques can help spot issues with how the company currently deals with its IPs.
Once more, access controls per ISO 27001 are crucial in ensuring that the company keeps ahold of its intellectual property rights. Secure systems stop external access to the company’s IP records. This practice helps to create an impenetrable digital barrier to anyone who would seek to appropriate the company’s IPs.
Peace of Mind to Customers
Digital security is now a hot topic for many consumers. Data breaches have become commonplace, and most users have had account information from one or more large companies compromised in the past. The incidence of these occurrences makes them less likely to trust businesses with their data.
An ISO 27001 benefit to business that is often overlooked is increased confidence in the company’s data management. This certification allows clients to be aware of how the business manages data. Customers understand the steps that the firm undertakes to ensure that all data collected by the company is stored securely. They can also rest assured that the data is destroyed when no longer in use. These steps can go a long way towards convincing a client that they can trust their user data with the business.
ISO 27001 Benefit to Business – The Never-Ending Arms Race
Business security is always about staying one step ahead of malicious actors. By implementing the guidelines set forward under ISO 27001, a company can apply industry best practices that may help them avoid problems with their data security. If you’re looking at implementing a new ISMS, we’ve got you covered. Maybe you need to audit the ISMS the business already has with the aim of certification? Contact Sync Resource today. We’d be glad to help you make your business data management a more secure process.