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ISO 27001 ISMS

Information Security Management System

ISO/IEC 27001 formally specifies as Information Security Management System (ISMS), a suite of activities concerning the management of information risks. The ISMS is an overarching management framework through which the organization identifies, analyzes and addresses its information risks. The ISMS ensures that the security arrangements are fine-tuned to keep pace with changes to the security threats, vulnerabilities and business impacts – an important aspect in such a dynamic field.

The standard covers all types of organizations (e.g. commercial enterprises, government agencies, non-profits), all sizes (from micro-businesses to huge multinationals), and all industries or markets (e.g. retail, banking, defense, healthcare, education and government). This is clearly a very wide brief.

(Preview of ISO 27001:2013 – Information Security Management Systems — Requirements)

Key benefits of implementing ISO 27001 ISMS:

  • Security risks are appropriately prioritized and cost effectively managed
  • Safeguard organizations’ valuable data and intellectual property
  • Demonstrate commitment to Information Security Management to third parties and stakeholders and assure greater confidence to interact
  • Win new business and retain existing customer base
  • Avoid the financial penalties and losses associated with data breaches
  • Protect and enhance reputation
  • Build trust internally and externally, provide customers and stakeholders with confidence in managing risk and maintaining security of confidential information
  • Comply with business, legal, contractual and regulatory requirements
  • Develop a culture of security and continual improvement