ISO 27701 PIMS Certification
ISO/IEC 27701 certification is a robust and comprehensive standard that builds on the principles outlined in ISO/IEC 27001 and ISO/ICE 27002, which enable organizations to be better at management, by defining the exact scope of the management system, and protection of data. It was introduced in August 2019 and is meant for Privacy Management Information System (PIMS) with Personal Identifiable Information (PII) controllers and processors responsible for PII processing.
What is ISO/ICE 27701?
ISO/IEC 27701 is a standard that primarily focuses on information security. It is a proactive approach to the ever-evolving and relevant field of cybersecurity. The certification involves a thorough review and assessment of people and software to ensure risk management, cyber readiness, and preparedness to respond to any event. In cyber security, using a Data Protection Management System is seen as significant in finding a solution for data protection incidents.
Who needs the ISO/ICE 27701 standard?
ISO/IEC 27701 standard is a must-have for any organization or business that handles sensitive data, personal or for clients. Establishing a comprehensive system designed to proactively respond to security risks is recommended. The European General Data Protection Regulation (GDPR) has simply provided the rules for the DSMS. It formulates strict legal requirements as to what is allowed or prohibited (Business Rules).
How will this benefit your company?
ISO/IEC 27701 Certification in Singapore will help you reduce the vulnerability of cyber-attacks, evolving to emerging security risks. It ensures the confidentiality of all data covered. Training and preparation of staff to handle events as they arise effectively and efficiently, will not only improve trust with clients but also among the company. This will facilitate the creation of business agreements and the opening of new frontiers as this standard is recognized in major markets. Clients will be confident sharing their data with your company. It will also support further compliance with other certifications as it builds upon 27001 and 27002, reducing the complexity of implementing the latter certifications. Data is secured in the cloud, digitally, and in hard copies ensuring the availability of data and data integrity.
What are the downsides you ask?
Even though, in the long term, you will make money, getting the certification will set you back $14,000 to $16,000 to get the certification. To a large organization, this may be easy to liquidate but to a small organization, this may prove a challenge as many of the organizations with these certifications are tech companies, and many are usually startups either growing big enough to sell or merge with a larger tech company. So, failing to meet this essential certification early enough may stunt a company’s growth.
Conclusion
Implementation of this standard is not law but may be considered by those handling sensitive data, like PII, are advised to implement this standard early, it may be costly at first but the benefits in the long term will benefit the company.
Gqssingapore offers ISO 27701 Certification services in Singapore, verifying compliance with privacy information management standards. Contact Gqssingapore for more information.
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