The a client trusts the organization with.

The first
major benefit of the ISO 27001 is that it is compatible with various management
system standards. Its inclusion of a structure that is like the definitions
contained in the Annex SL of ISO/IEC Directives, Part 1, consolidated ISO Supplement
ensures that it has identical text, clauses, and terms used in most of the
known management system standards. Consequently, all the management standards
that comply with the Annex SL definitions or that have adopted them are
compatible with ISO 270001 2.

The second
advantage of the standard is that it gives the business or the organization
that implements it a marketing edge. The compliance with the standard allows an
organization to be distinct from many which do not adopt the strategies that
are to secure the information that they hold 3.
The protocols that the standard contains are beneficial to ensuring the
privacy, integrity, and confidentiality of the information that a client trusts
the organization with. As such, the assurance that the information is safe
gives the stakeholders more trust in the
company and improves its reputation. The greatest beneficiaries of this
advantage are the clients whose information would be protected against
unauthorized access and breaches.

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The third
key advantage of the ISO 27001 is that it gives procedures that would eliminate
most of the information and information systems security risks that an
organization can face. With the implementation of these strategies and
procedures, the organization would then incur fewer
costs in implementing vendor-based security systems that might prove to be
expensive. Hence, the ISO 27001 standard prevents the occurrence of such
undesirable issues as an interruption of
services, data leakage, and compromised information conveyance, all of which
may prove costly to mitigate 4.
As IBM figures report, data breaches to organizations cost them an average of
$3.79 million, hence, the organization
avoids such costs incurred in penalties and mitigation 5.

The fourth
advantage of the Standard emanates from its design to comply with the business,
legal, contractual, and regulatory requirements in the countries where it has
been adopted as an information security management system (ISMS). There are
strict regulations that many governments have adopted to ensure the security of
the information that organizations handle such as General Data Protection
Regulation (GDPR) and the NIS directive 5.
Therefore, its implementation would ensure that the organization follows these
strict regulations.

The ISO 27001 gives the business the specifications that
would see it establish the control of the information management system under
the umbrella of the organization’s management. It, therefore, places the role
of ensuring the information from stakeholders is secure in the hands of the
management team. It is then possible for the organization to have audits done
to their information security system to evaluate compliance with industrial
procedures.