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Why Does a Startup Need ISO 27001 Certification?

ISO 27001 certification being an international standard for information security is a cornerstone for upcoming businesses. Even for those who have already scaled up their businesses to the next level. With the increasing data breaches, getting ISO 27001 certified has become a vital part of our organizations. According to a survey conducted, a 450 percent rise was seen in ISO 27001 certification, which is impressive.

The stats suggest businesses tend to consider this factor seriously and why wouldn’t they? You’ll be left behind in a competition if you continuously overlook 27001 certifications and won’t be able to stand out from the rest. When you’re starting out, it is essential to safeguard your data rather than burning down all your investment in one go.

In this article, we will talk about the importance of implementing the ISO 27001 for your businesses and how it can give an edge over the other competitors in the world. But, before you delve into its benefits for startups, let’s discuss what exactly is ISO 27001 and why you need ISO training Canada.

What is ISO 27001 Certification?

ISO 27001 certification is an internationally recognized certificate for providing requirements for information security. With that said, the certificate plays a pivotal role in preserving your companies data, financial protection, confidentiality, employee details, intellectual property, and integrity.

You can get the label certified through the accredited certification body, giving your customers, investors, and other top-tier executives a chance to manifest your business and that you’re sustaining your businesses with respect to the best international practices.

Compliance

Adhering to the rules according to the Company’s market is imperative to sustain your business in the current era. It is because it will be more difficult for a startup to bear the hefty fines. Owing towards a 27001 certificate can help you substantially to refrain from such acts. Redundant issues could be the reason for contravening the relationships with authorities rather than building them. The law states, companies have to follow certain rules and regulations to meet the standards of the health and money sectors. On the other hand, other sets of organizations are requested to prove compliance in case any incident occurs.

Reduced Risks

While there are some companies on hand that has still not considered information and security, they should be questioned. The risk of potential data breaches can significantly damage your company’s image. That is why it has become a prerequisite to get ISO 27001 certified to avoid any further data loss. Not only this, but security encroachment can lead to a big downfall and your business will be put in maximum danger even before climbing the stairs of success.

However, there are many startups that overlook the importance of information security and data protection and take it as a huge burden on their shoulders. But, they are unaware of the fact that giving special consideration can offer you and your business a sigh of relief and peace of mind.

And, when it comes to IT-driven startups, they mark certifications as a norm and not the exception, which can be a seed of success for their businesses. What matters the most in the business? The client’s handling of information and the ability of the business to thrive can’t be risked at any cost. In the worst-case scenario, when businesses lose information, it results in the infringement of the customer’s trust and relations, leading to a severe decline in the company’s reputation.

Offers Competitive Advantage

Customers are becoming more conscious about the data breaches and the worth of their information. This should be taken into consideration, as the news of the security leaks goes viral swiftly. Information handling is always a trending topic, even when the Eu GDPR came into action. Each customer would want to secure their information and data to the core. So, when it comes to customers choosing the company to protect their data rights, they tend to spend most of the time searching for the best and secured options.

You and your startup need to have a close relationship with data security to win the hearts of potential clients. In this way, you can get an upper hand and lead from the front with the ultimate protection of your data. During the time, considering the ISO 27001 certifications, remember its benefits and how it will augment your business success.

Fewer Finances

Now, you might be wondering how an ISO 27001 certification can financially aid you and your business? Let’s have a closer look. Applying and conversing with ISO 27001 consultants right from the beginning can be an excellent way to cut costs and save money. By implementing the standard, you will want the capital to be lower as possible.

Since roles and responsibilities are delivered to the workers efficiently, you can expect positive outcomes. Workers are trained and conscious enough to not engage in any sort of misjudgment. Comparatively, it will require a smaller amount of finances and you will be surprised to witness those moments.

A small number of employees mean the easier is to implement the strategies of ISO 27001 than existing wide businesses.

It’s More of a Team Effort

You don’t need the selective two or three people to build ISMS, but it requires a whole team effort to collaborate and engage effectively, making the best out of the situation. When you are becoming ISO 27001 certified, the whole company needs to be alarmed and follow the assigned protocol. What does this mean? Everybody needs to be vigilant and trained to know what their job is about and how they can contribute open-heartedly. All you need is commitment, hard work, and coordination to survive on the vision and goals.

Final Words

The ISO 27001 certification has the audacity to take your data protection game to the next level. It is vital to get familiarized with the know-how of the ISO standards so that you won’t have a hard time building your business. Before considering an ISO certificate, think about the large prospect, and that is its advantages. Lastly, abide by all the rules and get yourself accustomed to preventing data breaches for your organization.

Don’t forget the mighty role of the auditors training 27001 that can help you clear out your queries. Recruit them without any second thoughts and start receiving innovative ideas for your businesses to strive for.

MINIMUM DOCUMENTED INFORMATION FOR ISO 27001:2013

An Overview of ISO 27001:2013

ISO 27001 is an international standard that specifies the requirements to establish, implement, maintain, and continually improve an Information Security Management System (ISMS). The Information Security Management System preserves the confidentiality, integrity, and availability of information by applying a risk management process and gives confidence to interested parties that risks are adequately managed. It also includes requirements for the assessment and treatment of information security risks tailored to the needs of the organization.

What is Documented Information?

The “documented information” is defined as the information required to be controlled and maintained by an organization and the medium on which it is contained. The example of documented information can be a record, specification, procedure, drawing, report, standard, etc.

The term “document” is defined as information created in order for the organization to operate e.g. procedures, instructions, specifications, guidelines, and criteria, etc. The term “record” is defined as a document that provides evidence of results achieved or activities performed e.g. evidence of training, operational control, corrective action, internal audit, and management review activities, etc. A set of documented information, for example, specifications and records, is frequently called “documentation”.

ISO 27001:2013 uses a standardized term “documented information” to refer to both documents and records. ISO 27001 uses the term “retain documented information” to describe a record (e.g. retain the results of corrective actions) and “maintain documented information” to describe a document (e.g. maintain the scope of Information Security Management System). The document is live information and needs to be updated as required while a record is a history of an event, activity, or action.

Clause 7.5 of ISO 27001:2013 describes the requirements of the documented information. Documented information can be in any format and media and from any source. The medium can be paper, magnetic, electronic or optical computer disc, photograph or master sample, or combination thereof.

What is the minimum documented information required by the ISO 27001:2013?

Every organization has to produce the minimum documented information required by ISO 27001 standard to demonstrate the conformance to the standard requirements. All the requirements of minimum documented information listed below might not be applicable to every organization depending on its operations and activities and shall be listed as an exclusion in the scope statement of the Information Security Management System (ISMS).

ISO-27001

How to determine the requirement for ISO 27001 Documentation?

Clause 7.5 of ISO 27001 describes the requirements for documented information. To demonstrate the conformance to the requirements of ISO 27001, an organization may need to produce more documents and records than the minimum required by the standard because according to the Clause 7.5, the organization’s Information Security Management System (ISMS) shall include:

documented information required by ISO 27001 (as listed above)
documented information determined by the organization as being necessary for the effectiveness of Information Security Management System (ISMS) e.g. policies, procedures, instructions, guidelines, and relevant records other than the minimum required. It is quite common that for an effective Information Security Management System (ISMS), organizations establish procedures for hazard identification, risk assessment, compliance obligations, corrective actions, control of documented information and operational control, etc.

The extent of documented information for ISO 27001 may differ from one organization to another due to:

the size of the organization and its type of activities, processes, products, and services
the complexity of processes and their interactions
the competence of persons

The rule of thumb for an organization is to use a risk-based approach to determine the requirement for documented information other than the minimum documented information e.g. an organization may decide that due to lack of documented procedures and work instructions, there might be a risk to information security. The organizations also establish procedures and other documented information to establish controls as a result of a risk assessment or to address a nonconformity.

G-Certi provides ISO registration/certification services in Canada and 50 other countries for a number of ISO Standards including but limited to ISO 9001, ISO 14001, ISO 27001, ISO 27001 and ISO 22301, etc. The auditors of G-Certi ensure that your organization is conforming to the requirements of ISO 27001. Please feel free to visit gcerti.ca and contact one of our representatives for a complimentary pre-assessment to ensure that your organization is ready for ISO 27001 registration/certification.