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ISO 27001 is the internationally recognized standard offering a comprehensive set of controls. Including best practice in information security, for a company to manage it’s information security. The basic components of the standard are confidentiality, integrity and availability and these are applied to ten defined categories within an organization. It is based on ISO 9001 and offers an auditable management system to reduce the risks to the organizations information assets. It also offers both clients and suppliers the confidence to trust an organization with the safe keeping of their information. Increasingly organizations want to know how safe suppliers of IT systems are, as more companies now see certification to ISO/IEC 27001 as a prerequisite for doing business.

What are the benefits to me and my organization?

Attaining the standard makes a public statement of your capability and compliance to legal and regulatory requirements, without revealing security processes or opening systems to second party audits. ISO 27001, as needed, incorporates the following privacy and security requirements:

• Can Spam Act 2003
• DU Convention on Cyber crime 2005
• Fair Credit Reporting Act 1999
• GLBA
• Health Insurance Portability & Accountability Act 2003 (HIPAA)
• ITIL
• NIST
• Payment Card Industry (PCI) Data Security Standard
• Sarbanes Oxley (SOX)
• SAS 70 BS 1500
• Save Harbour Framework
• The CA Senate Bill 1386 2003 & CA Online Privacy Protection Act 2004
• Visa CISP

How can it help me to gain business?

• Powerful demonstration of an organizations commitment in managing information security
• ISO 27001 has been recommended by the UK Data Protection Commissioner as one way in which organizations can demonstrate they meet the requirements of the standard.
• ISO 27001 demonstrates the independent assurance of your internal controls and meets corporate governance and business continuity requirements
  
• Independently demonstrates that applicable laws and regulations are observed
  
• Provides a competitive edge by meeting contractual requirements and demonstrating to your clients that the security of their information is paramount

What are the internal benefits for my business?

• It will help to make staff aware of their individual duties in protecting the organizations sensitive data
  
• organizations can use the standard to provide relevant information about information security to customers
  
• ISO 27001 independently verifies that your organizational risks are properly identified, assessed and managed, while formalizing information security processes, procedures and documentation
  
• Demonstrated senior management’s commitment to the security of its information
  
• The regular assessment process helps you to continually monitor your performance.
  
• The standard ensures controls are in place to reduce the risk of security threats and to avoid system weaknesses being exploited. It will also help an organization to develop a business continuity plan that will minimize impact of any security breaches