Every-day organizations worldwide are increasingly relying on global standards to ensure their systems and processes are secure and effective. ISO/IEC, or the International Organization for Standardization and the International Electrotechnical Commission, is the world's leading authority that develops, publishes and maintains a wide range of standards across various industries. In this blog, we will take a closer look at the history of the ISO/IEC and its most popular certification, helping with your understanding of ISO 27001 compliance.
ISO/IEC has been around since the 1940s when leading industry experts first began collaborating to provide a standardized process for measuring and assessing the performance of various systems. Today, the organization has over 23000 standards and represents approximately 163 countries worldwide. ISO/IEC standards cover a wide range of disciplines from automotive parts to information technology. ISO's central objective is to help organizations achieve business success through standardization whilst ensuring that quality and safety are not compromised.
One of the most popular standards for information security, ISO 27001, was first published in 2005. This standard outlines the best practices for managing and protecting an organization's information assets, including employee data, financial records, and confidential client information. It specifies the necessary requirements for establishing, implementing, maintaining, and continuously improving an information security management system (ISMS). ISO 27001 certification provides organizations with an independent, respected, third-party certification. ISO/IEC 27001 is the ONLY globally recognized security assurance standard that provides customer trust and maximizes compliance ROI.
Another popular "standard" in the industry is SOC 2, which is a report on compliance developed by the American Institute of Certified Public Accountants (AICPA). SOC 2 compliance demonstrates that an organization's data security infrastructure is reliable and trustworthy. A SOC 2 audit focuses on non-financial reporting controls relevant to the security, availability, processing integrity, privacy, and confidentiality of customer and company data. Typically, service organizations located in the United States that handle sensitive data from their clients and that are looking for a competitive edge opt for SOC 2 reporting to assure their customers of their data security practice.
Implementing compliant programs such as ISO/IEC 27001 and SOC 2 favor organizations looking to improve the trust and reliability of their operational systems while ensuring regulatory compliance. These programs demonstrate the ability of an organization to protect confidential information while reflecting an overall commitment to cybersecurity. Exectutives such as CFOs, CISOs, and CEOs ISO know that compliance improves profitability and effeciency. Whilst this certification indicates good governance, an enhanced risk mitigation strategy, and an overall commitment to their stakeholders of information security.
In conclusion, ISO/IEC occupies a key position in the world of standardization, and its scope extends beyond technology and information security. ISO/IEC develops and maintains over twenty thousand standards across different industries. ISO 27001 and SOC 2 compliance are two essential standards that provide organizations with excellent measurements for assessing the performance of their information security controls. The certifications enhance the quality of governance and risk management while ensuring the organization operates to the highest levels of data security. Ultimately, ISO standards such as these promote trust, confidence, and reliability in an organization's IT systems whilst ensuring regulatory compliance.