ISO 27001 - Good for Business!

April 11, 2019 Manoj Tripathi

Cybersecurity has become one of the top priorities of organizations. The risk of data breaches from cyber attacks and internal control failures is continually increasing due to the commoditization of attack tools. The simple user interfaces in some of these attack tools have made it possible for curious amateurs to perform advanced attacks. You do not have to be an expert hacker - you just need to have the expert tools!

It has become imperative for organizations to implement security measures and manage them effectively. A general approach to cybersecurity involves identifying and implementing the best tools and practices to defend against attacks and assigning these responsibilities to capable leadership. But how do you know if your organization is managing security in the right way? As some companies have learned the hard way, any major gap in the management of security can have catastrophic consequences.

What is needed is a well-documented, clear and actionable set of processes and technology measures to manage information security in one place. ISO 27001 is the international standard that describes the best practices for an Information Security Management System (ISMS) that can help companies achieve an effective management of their information security.

ISO27001 is an efficient way to prove that an organization meets the cybersecurity requirements from suppliers and customers for architectural, operational, behavioral and record-keeping practices. Regulations such as GDPR (General Data Protection Regulation) do not specify how to meet their requirements but implementing ISO 27001 allows organizations to meet many of these requirements and demonstrate compliance. By demonstrating compliance with ISO27001, organizations can mitigate the risk of data breaches.

While your organization may have put in place stringent security measures to protect your company, it’s equally important that the vendors with whom you engage have done the same and meet industry standards for security and compliance. Early in the process of selecting a vendor, it’s important to ask the right questions:

  • Is the vendor ISO27001 certified?
  • Does the vendor implement the comprehensive set of controls in ISO27001?
  • How extensive is the vendor’s adoption of ISO27001 standards?
  • And, let’s not forget SOC2 certification. Is the vendor certified?
  • If the vendor is cloud based, does the company undergo a third-party assessment of CSA (Cloud Security Alliance) controls on an annual basis? 

Security is not something to be taken lightly. Be sure to take the time to ask questions like the ones above. Be thorough and rigorous in your assessment. As I mentioned above, a gap in the management of security – whether your own organization’s or that of a vendor or supplier – can have catastrophic consequences for you.

To learn more about PROS security certification, please visit us at pros.com/trust-security.

About the Author

Manoj Tripathi

Manoj Tripathi serves as PROS Vice President, IT & Security. Manoj is responsible for the global IT, Security & Governance vision, strategy, operations and execution. Manoj puts special emphasis on innovative practices to align the IT, Security & Governance frameworks with the business objectives to achieve meaningful and sustainable results in the most efficient way. Manoj is CISSP and C|CISO certified, an accomplished speaker and has presented at multiple security conferences.

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