5 Benefits of ISO 27001 Certification for SaaS

ISO_27001 certification

Cyber attacks are increasing in frequency and sophistication, and as we can see in the latest IBM data breach report, the average cost of a data breach was €3.71 million in 2021, not to mention the loss of new business due to reputational damage. Investing in a security framework and achieving the ISO 27001 certification can not only help organisations to reduce the risk of a data breach but can bring other benefits.

The ISO 27001 certification is an internationally-recognized information security management system (ISMS) standard. When implemented and certified, it can help organisations to protect their data and ensure the security of their systems. Here are 5 benefits of ISO 27001 certification for SaaS and tech companies:

1. Protection from data breaches

One of the main benefits of ISO 27001 certification is that it can help organisations to protect their data from breaches. By implementing an ISMS, organisations can ensure that their systems and internal processes are secure and that their data is protected from unauthorized access or theft.

Since data breaches can result in lost or stolen client, employee and partner information, it is important for businesses to ensure that their systems are secure.

2.  Enhanced customer trust

Organisations that have implemented ISO 27001 certification have seen a number of benefits, including enhanced client trust. B2B clients are more likely to trust an organisation that has implemented an ISMS standard like ISO 27001, as it shows a commitment to data security. Implementing ISO 27001 can also help organisations to demonstrate to clients that they take their data security seriously. Lost business represented the largest share of breach costs, at an average total cost of 1.40M.

3. Improved compliance with regulations

When organisations implement ISO 27001, they can improve their compliance with a variety of regulations. The standard provides a framework for managing information security risks, which can help organisations to demonstrate their compliance with regulatory requirements. In addition, certification to ISO 27001 demonstrates that an organisation has met rigorous international standards for information security. This can help to reassure customers and partners that data is being handled securely.

4. Greater efficiency and cost savings

Organisations that have implemented ISO 27001 certification report greater efficiency and cost effectiveness. With a comprehensive information security management system in place, organisations can closely monitor and track any potential breaches or risks to company data, as well as take proactive measures to prevent them from occurring. Businesses can also analyze which types of data are most vulnerable. This insight enables organizations to streamline their operations and improve their overall security posture. 

5. Reduced business risk

One of the key benefits of ISO 27001 certification is that it can help organisations to reduce business risk. By implementing an ISMS and achieving certification, companies can demonstrate that they have put in place robust security controls and processes which help to protect their data. This can help to reassure customers and partners that their data is safe with the organisation.

The standard also requires that companies assess and reduce risks to their IT infrastructure and data. This means that security vulnerabilities in hardware, software, and applications can be identified and addressed before they lead to a security incident. 

In addition, by following the requirements in ISO 27001 companies will make sure that they have appropriate policies and security controls in place to protect their data from cyber-attackers. 

If this sounds like what you need for your organisation, let us know! Our team of experts are ready and waiting to partner with you on implementing ISO 27000 standards so that we can create a stellar security framework for your organisation. 

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Future-proof
your company’s
information
security.

Get our Free Guide to the ISO
27001 Certification today!

Future-proof
your company’s
information
security.

Get our Free Guide to the ISO
27001 Certification today!

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