Standards
Cybersecurity presents a significant concern for businesses in the contemporary landscape, and the reasons behind this are clear. A single data breach, whether it affects your internal systems or those of a trusted vendor or partner, can result in substantial financial losses, potentially reaching a couple million.
With cyber threats constantly evolving, businesses must take proactive measures to safeguard their sensitive information. Two widely recognized frameworks for achieving this are ISO 27001 and SOC 2, which are industry-specific regulations and help organizations meet compliance requirements more efficiently.
Why Do Businesses Opt for Standards Compliance?
CREDIBILITY AND TRUST
Achieving and maintaining certifications enhance a business's credibility by commitment to robust cybersecurity.
GLOBAL MARKET ACCESS
ISO standards are recognized globally, facilitating entry into international markets.
COMPETITIVE ADVANTAGE
Compliance with standards sets businesses apart from competitors.
OPERATIONAL EFFICIENCY
Implementing standards involves adopting best practices, streamlining processes, and improving operational efficiency.
ISO 27001 is an international standard that sets out the criteria for establishing, implementing, maintaining, and continually improving an Information Security Management System (ISMS). Published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), ISO 27001 is designed to help organizations manage and protect their information assets. By adhering to ISO 27001 standards, organizations can enhance their overall information security posture, build trust with stakeholders, and demonstrate a commitment to safeguarding sensitive information in an increasingly interconnected and digital business environment.
SOC 2, or Service Organization Control 2, is a framework for managing and securing sensitive information based on the criteria outlined by the American Institute of Certified Public Accountants (AICPA). It specifically focuses on the security, availability, processing integrity, confidentiality, and privacy of data held by service organizations. SOC 2 compliance is particularly relevant for technology and cloud computing organizations that handle sensitive customer data. Achieving SOC 2 certification provides assurance to customers and stakeholders that the organization has implemented robust security measures to protect their information. It has become a widely recognized standard for assessing the security posture of service providers in various industries.
