ISO 27001 is an investment, not an expense

ISO 27001 graphics on a person

With unprecedented levels of uncertainty, everyone’s budgets are feeling the pinch. But whether you are a multinational, an SME or even a government organisation, with threat levels on the rise there’s one line item you cannot scrimp on. Information security. This good news is, with the right strategy in place, your infosec spend becomes an investment, not an expense.

Resilient-focused organisations around the world are actively upgrading their compliance to mitigate the rapidly expanding threat landscape. While compliance with local standards and frameworks (like Cyber Essentials here in the UK) is a great start, powerful customers in your supply chain are increasingly seeking assurance to the gold standard of infosec: ISO 27001. With the right system in place, ISO 27001 delivers crucial assurance to your important stakeholders and will give you a serious edge when competing for new business.

Win new business with ISO 27001 certainty

The world is experiencing unprecedented challenges to business continuity, and certification to the standard demonstrates to external stakeholders that you are a safe pair of hands in their network. It declares that you have got a globally recognised process in place to identify and manage risks to your systems and information, and by extension, your supply chain. While cybersecurity is accommodated in this framework, information security goes beyond the digital channel to protect both digital and physical environments. It’s a holistic security posture that delivers maximum assurance.

ROI is more revenue generation. It’s also mitigating expense.

At first glance, certification to ISO 27001 can appear time consuming and costly. But a deeper analysis on return on investment should consider potential cost saving as well as possible revenue generation through new business wins. IBM reports the cost of an average data breach to an organisation in 2020 was 3.86 million US dollars. With -like that it’s no wonder distribution networks are demanding stronger and stronger assurances when choosing whom to award key contracts.

Invest in the right ISMS

To achieve ISO 27001 certification, you’ll need to build an information security management system (ISMS). The sheer number of vendors claiming to deliver ISMS solutions can be overwhelming and it can be difficult to navigate the solutions that over promise and under deliver – like seemingly low-cost static options that are little more than glorified spreadsheets offering no insight, direction or joined up view.

There are several key characteristics that you should look for in your ISMS solution:

●      All-in-one place and always accessible

●      A platform that offers maximum control over collaboration

●      Flexible enough to be able to manage multiple complementary standards and frameworks as they evolve – not just ISO 27001

●      A system that can grow with your organisation, so it keeps on meeting its infosec needs for the foreseeable future

When we’re talking to customers interested in ISO 27001 we recommend ISMS.online because the system is the most comprehensive, flexible and affordable available. If you are at the beginning of your ISO 27001 journey, you can build your ISMS from scratch on the platform. If you have already made gains towards your compliance or certification, you can easily migrate your existing work. The platform is full of actionable documents, tools and frameworks that give you a 77% start on your certification documentation.

To visualise how ISMS.online can make the complex simple for you on your journey to ISO 27001 certification, contact Damian Fletcher on 01937 848 380 to find out more and to arrange a demo.