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ISO 27001: Security In Securing Business Information

 

ISO 27001: Security In Securing Business Information

No business can afford to be complacent with the current rise in Cyber Attacks because becoming the victim of a cyber-attack today is a serious loss of Reputation not forgetting how costly security breach has become, regardless of your business size and Industry. Having implementation standards such as ISO 27001, largely reduces reputational damage risks for any organization.

Security breaches are major news headlines daily where companies across all business sectors including Government Departments, Banking Industry, Credit Unions, Not for Profit Organisations, Logistic Companies, Universities, Private schools, and Hospitals make the news headlines affected with a cyber breach or compromised by cyber-attack. Often these attacks occur in organizations daily across the globe mainly caused due, to stolen laptops & mobile phones, insider espionage, ransomware attacks, no cybersecurity policies, and procedures, or simply not effectively updating current patches on operating systems. These organizations do have some form of IT solution to help them in achieving their daily business objectives. The key question they need to ask is where is information stored? How is this information stored? Who within the organization has access to this information? Is key business information stored with restrictions for access or freely shared within the organizations? Some Businesses may have systems or solutions in place with their IT, however, most of these solutions do not have adequate built-in security features. Information Security is not just IT. Every Board, Senior Management, Governing body needs to ensure that they have processes and procedures that enable the security of the systems and the information held within them.

Why Organisations need to consider ISO27001 Standards

ISO 27001 for many organizations could be a daunting task, especially when the required expertise is not available in-house and not knowing where to start. Organizations that have implemented ISO27001 are mitigating and reducing their risks against cyber-attacks and heavy penalties being imposed on their organization and providing assurance to their customers and stakeholders.
• Internationally accepted standard for information security management
• ISO 27001 is not only an IT standard
• Process, Technology, and people management
• Address the security of the data throughout the life cycle.
• Provides strategic and tactical direction
• Recognizes that Information Security is a Management issue
• Provides assurance to customers and stakeholders


Implementation of ISO27001 and benefits for Organisations?

Implementing a standard such as ISO 27001, one needs to understand this needs to be taking into account the implementation of ISO27001 needs to be treated similarly to any other major IT project. There is simply no easy fast-track or solution when implementing ISO27001 standard. The following key points need to be considered when Implementing ISO27001 Standards:

1. Management support is Key: management support is key for ISO 27001 implementation. Without this support, implementing the quality (or any standard for that matter) would be doomed from the beginning. Management should ensure that there are enough resources available to manage, develop, maintain and implement the ISMS.

2. Scope Definition: one must clearly define the scope and consider whether the whole or part of the organization should be covered. The scope must take into account can this be managed to avoid increasing any further risk to the project.

3. Defining Critical Risk and performing Assessment: this is the most crucial stage of the project. Organizations need the ability to identify the vulnerabilities and threats that may have a severe impact on their specific business, the ability to define the acceptable level of risk. If these are not clearly defined from the outset of ISO27001 implementation, the resulting processes will also be incorrect. The key focus for organizations when implementing ISO27001 Standards is to be able to get a comprehensive picture of the dangers facing the security of the organization’s information.

Structure of ISO 27001

14 Control Areas, 34 Control Objectives, 114 Controls

Annex A No. Control Area No. of Controls
A.5  Information Security Policies 2
A.6 Organization of Information Security 7
A.7 Human resources security 6
A.8 Asset management 10
A.9 Access Control 14
A.10 Cryptographic 2
A.11 Physical and Environmental Security 15
A.12 Operations security 14
A.13 Communications Security 7
A.14 System acquisition, development, and maintenance 13
A.15 Supplier Relationship 5
A.16  Information Security Incident management 7
A.17 Information Security Aspects of Business Continuity Management 4
A.18 Compliance 8
Total number of controls 114

 

Implementation of ISO27001 standards may seem overwhelming and costly for some organizations. Compared to the risks the business can be exposed to with management too often being unaware of all the risks and benefits that come with implementing the ISO 27001 standards include as follows:

1. ISMS is a systematic approach to managing the security of sensitive information and is designed to identify, manage and reduce the range of threats to which your information is regularly exposed. Implementation of ISO 27001 Standards provides the peace of mind that the systems within the business environment are safe.

2. ISO 27001 certified organizations can provide this certification as evidence that threats and vulnerabilities to the system are being taken seriously. This also assures customers and third-party suppliers who are always concerned about the security of their data. ISO 27001 compliance standards give confidence and assurance to all stakeholders that international best practice to mitigate such threats and vulnerabilities is being followed.

3. ISO 27001 enables organizations to avoid costly penalties and huge financial losses. Over the past few years, both small and large businesses have been subjected to a number of cyberattacks, which have been extremely costly, both from a regulatory and a reputational point.

No business today can afford to be complacent because they can be the victim of a costly security breach, regardless of its size. Implementation of standards such as ISO 27001, such risks can be substantially reduced.

Cybernetic Global Intelligence ISO27001 Compliance Specialists

Cybernetic Global Intelligence has a team of qualified PCI DSS QSA & ISO 27001/2013 lead auditors and assessors that can assist in all aspects of ISO 27001 Information Security compliance. Like any compliance system, ISO 27001 compliance standards can be complex and hard to navigate alone. We can take the stress out of becoming ISO 27001 compliant by assessing and validating adherence to ISO 27001 Compliance Standards and work with you to develop Diagnostic gap analysis, Risk treatment and Ongoing monitoring and assurance with remediation strategies to help you meet the ISO 27001 Information Security Standards and Controls. Our team of experts has worked with organizations across all industry types implementing and Auditing ISO 27001 Compliance Standards.

No business can afford to be complacent with the current rise in Cyber Attacks because becoming the victim of a cyber-attack today is a serious loss for many organizations and not forgetting how costly security breach has become, regardless of your business size and Industry. Having implementation standards such as ISO 27001 largely reduces major risks for any organization.


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