ISO 27001 Compliance

What is ISO 27001?

ISO 27001 is a universally compliant information risk management standard designed to guide the selection of adequate and proportionate controls to protect information. ISO 27001, often as an umbrella over other legal requirements, encompasses all legal, technical and physical controls of an organization’s information risk management processes. According to its document, ISO 27001 was brought to existence to leverage a better model that establishes, implements, operates, monitors, reviews, maintains and finally improves an information security management system.

What’s the need for ISO 27001?

The standard was set to bring businesses with a certain degree of information security protection. ISO 27001 sets out different controls that need to be in place to measure up to the certification requirements such as:

• Identifying potential information security risks.
• Providing a secure framework for ideal implementation and management of controls.
• Properly manage compliance with laws and regulations.
• Outlining the objectives of information security management.
• Underlining the information security policies, standards and processes to be followed by businesses.

How does ISO 27001 work?

ISO 27001 works on a top-down, technology-neutral, risk-based approach. The specification defines six planning processes, which include Defining a security policy, Defining the scope of ISMS, Conducting risk assessment, Managing assessed risks, Picking control objectives that are to be implemented and Preparing the statement of applicability. ISO 27001 draws coordination between all sections of an organization and enhances management responsibility, ensures continual improvement, conducts internal audits and undertakes corrective and preventive actions.

• An extra hand in crafting a business case and justifying budget.
• Assistance to define the scope of ISMS.
• A compliance road map on the basis of gap analysis.
• Expert advice and guidance at all stages of the project.
• Reviews, both formal and informal for any work carried out for compliance.
• An expert point of view on any information risk issue.
• Supervision in preparing an audit.

Market Place of Everything comes along with two key concerns and these are around resistance from traditional businesses to adapt and regulatory uncertainty. However “The Marketplace of Everything” is growing rapidly and is rapidly pervading in all walks of our life whether it is the way we shop, the way we commute, how we learn. to the changes. Similar to the way Online retail shook up the entire retail industry, the Marketplace of Everything will shake up the consumer business across multiple industries. The businesses which show the greatest agility in adapting their business to the new paradigm will survive and grow, the rest will fall behind.