The firstmajor benefit of the ISO 27001 is that it is compatible with various managementsystem standards. Its inclusion of a structure that is like the definitionscontained in the Annex SL of ISO/IEC Directives, Part 1, consolidated ISO Supplementensures that it has identical text, clauses, and terms used in most of theknown management system standards. Consequently, all the management standardsthat comply with the Annex SL definitions or that have adopted them arecompatible with ISO 270001 2.The secondadvantage of the standard is that it gives the business or the organizationthat implements it a marketing edge. The compliance with the standard allows anorganization to be distinct from many which do not adopt the strategies thatare to secure the information that they hold 3.The protocols that the standard contains are beneficial to ensuring theprivacy, integrity, and confidentiality of the information that a client truststhe organization with.
As such, the assurance that the information is safegives the stakeholders more trust in thecompany and improves its reputation. The greatest beneficiaries of thisadvantage are the clients whose information would be protected againstunauthorized access and breaches. The thirdkey advantage of the ISO 27001 is that it gives procedures that would eliminatemost of the information and information systems security risks that anorganization can face.
With the implementation of these strategies andprocedures, the organization would then incur fewercosts in implementing vendor-based security systems that might prove to beexpensive. Hence, the ISO 27001 standard prevents the occurrence of suchundesirable issues as an interruption ofservices, data leakage, and compromised information conveyance, all of whichmay prove costly to mitigate 4.As IBM figures report, data breaches to organizations cost them an average of$3.79 million, hence, the organizationavoids such costs incurred in penalties and mitigation 5.The fourthadvantage of the Standard emanates from its design to comply with the business,legal, contractual, and regulatory requirements in the countries where it hasbeen adopted as an information security management system (ISMS).
There arestrict regulations that many governments have adopted to ensure the security ofthe information that organizations handle such as General Data ProtectionRegulation (GDPR) and the NIS directive 5.Therefore, its implementation would ensure that the organization follows thesestrict regulations.The ISO 27001 gives the business the specifications thatwould see it establish the control of the information management system underthe umbrella of the organization’s management. It, therefore, places the roleof ensuring the information from stakeholders is secure in the hands of themanagement team.
It is then possible for the organization to have audits doneto their information security system to evaluate compliance with industrialprocedures.