ISO 27001 certification is definitely worth every penny to all organisations who has digital based assets. Here are the reasons why:
Enhanced corporate reputation
Being ISO 27001 certified means that you have the tools in place to strengthen your organisation across the three pillars of cyber security: people, processes and technology. This enhances your company’s image among the various stakeholders.
Avoidance of regulatory fines
ISO 27001 helps you to avoid the costly penalties associated with non-compliance with data protection requirements.
Ensure robustness and scalability of information security management system
As your organisation grow, people will start getting complacent and lose sight of their responsibilities regarding information security.
ISO 27001 helps you to create a system that has enough flexibility to ensure that everyone maintains their focus on information security tasks. It also requires organisations to conduct annual risk assessments, which help you make changes where necessary.
Ultimately, weighing the cost of ISO 27001 implementation versus the potential information security costs, it is always advisable to go with the former.