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Posted June 29, 2017 in Security

Five Reasons Your Company Should Invest in Security Framework Certifications

The data you hold as a company is very valuable and critical to your business. It should be a priority to keep it secure and protected from any compromise. No matter what size your company may be, you are still a target. It is essential to have a plan to ensure the security of your information assets. The information your company holds is valuable to someone.

BUT IS A PLAN ENOUGH?

The answer you want to hear is, “Yes”, but it is not enough. Security and information breaches take place every single day, and not only are they becoming more frequent, but the impact has increased drastically. Regardless of industry, size, or products or services sold, every organization requires a systemized, practical, and certified way to manage the protection of their data. A study from PWC stated that in the past year, theft of hard intellectual property increased by 56%.

WHAT NEEDS TO BE DONE?

Your company needs to ensure the protection of information related to both internal (eg. employee records, intellectual property, and financial reports) and external (eg. manufacturers and client) affairs. Therefore, industry proven security certifications that are well structured and maintained are imperative. A prime example of a valid security certification is ISO 27001. ISO 27001 is the international standard for an information security management system (ISMS). Specifically, an ISMS is a framework of policies and procedures that incorporates physical, legal, and technical controls involved in an organization’s information security risk management process.

FIVE CORE REASONS TO INVEST

1) Risk Management:

A valid security certification such as ISO 27001 is arranged in a way that ensures organization, efficiency, and success when applied to IT departments. ISO 27001 provides a framework of best practices and requirements for information security, and provides a systematic and effective process to identify, control, and eliminate threats to your company’s information.

2)   Management System Organization:

ISO 27001’s framework of best practice requirements for information security includes asset management, access control, cryptography, and network security. ISO 27001 is efficiently organized to provide structure to IT departments in order to maintain its success and effectivity. Its management system organization remains up to date to accommodate increased demands and changing needs. ISO 27001 certification ensures that your organization is adequately prepared, no matter the threat.

3) A Concentration on Compliance:

Due to increased demands and evolving needs, it is extremely important for IT departments to understand and acknowledge all legal requirements that apply to their company. A lack of this knowledge can lead to a loss of control and security and therefore, it is necessary for your company to be aware of all requirements of information security that stem from vendor-customer contracts/agreements.

4) Supplier and Client Commitment:

Sadly, in a number of cases, a company’s largest security breach originates from within the organization itself (eg. suppliers, customers, employees). ISO 27001 security certification delivers a defined structure by which both the supplier and client are made aware of their information security roles and responsibilities. With constant monitoring and measuring, everyone’s data—and reputations—are protected.

5) Client Assurance and Confidence:

ISO 27001 gives clients the confidence and assurance that their data is safe with your company. Clients value organizations that prioritize security and safeguarding, which will likely set you apart from your competitors.

WHAT CAN SCALAR DO FOR YOU?

With our help, you can fulfill your security requirements and prepare for the security certification process.

Sources:

https://www.curvature.com/blog/five-reasons-why-your-company-should-invest-in-security-certifications
https://www.itgovernance.co.uk/blog/nine-reasons-you-should-consider-implementing-iso-27001
http://searchcompliance.techtarget.com/blog/IT-Compliance-Advisor/Five-reasons-to-invest-in-ISO-27001-and-other-security-certifications
http://whatis.techtarget.com/definition/ISO-27001
https://www.pwc.com/sg/en/publications/assets/reclaiming-cybersecurity-gsiss.pdf

For further inquiries, please do not hesitate to contact us.

 

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