There are good reasons for you to invest in an ISMS
The facts speak for themselves…
The average cost of a security breach is £1.46m – £3.14m to a large organisation, and £75k – £311k to a small business.
Organisations face fines up to 4% of global turnover for a breach (under EU GDPR in 2018).
Suppliers will not get past basic customer evaluation criteria without effective information security credentials so there is little chance to grow a business.
Statistics taken from the Government Information Security Breaches Survey 2015 and a range of other recent reports on the subject.
Done well, an ISMS will help your organisation improve and grow.
What’s included in an ISMS?
An effective Information Security Management System is made up of 5 elements, as shown in our pie chart.
The real size of these pie slices, in terms of time and cost, is all dependent on your objectives, your starting point, the scope you want to include in your ISMS, and your organisation’s preferred way of working.
Investing well in one slice will help reduce or avoid much larger investments in the other slices. But beware the pitfalls, such as following the cheap policy documentation route, as it will cost you much more in the long run.
A trusted ISMS will follow recognised standards
There are different levels of information and cyber security maturity, as well as different standards you can achieve to evidence compliance.
Those standards might be dictated by the nature of your business, its goals or your customer’s expectations.
Whatever your requirements, there is a proven approach that you can follow.
How to implement an ISMS ?
Now that you have a better understanding of ISMS and have considered what you should do, you’ll also be thinking about how to do it as well. Whether you take a DIY approach, or bring in others to help, those five pieces of the pie will need investment for ISMS success.
Why consider our powerful ISMS cloud software?
Your focus will be on growing your business, not spending time developing the tools and technology to manage an ISMS. After all, the opportunity cost of losing focus and time could be expensive.
There were no attractive solutions when we started out on the road to managing information security, and that’s why we built ISO27001.solutions. Now you can benefit too. We’ll equip you for success at a fraction of the cost and time of alternatives or you trying to build it yourself.
We make it simple
It’s easy to build your ISMS using our software solution. ISO27001.solutions facilitates improved results with everything you need for success in one secure online environment.
ISO27001.solutions capabilities include:
A simple to use ISMS, all in one secure online environment that makes management easier, faster and more effective
Adopt, Adapt, Add actionable ISO 27001 policies & controls approach to easily describe and demonstrate your ISMS
Simple, effective engagement and awareness for your staff to complement existing ways of working
Integrated management of the supply chain to demonstrate end to end assurance and integrity
A Virtual Implementation service to give you confidence in your ISMS
Take a walk in your customers’ shoes
Which supplier’s approach to information security would you choose to protect your valuable information?
Whilst achieving level 5, a UKAS accredited ISO 27001 certification, costs slightly more initially, the return from that investment is going to be much higher. You’ll be better protected from threats that might destroy your business, and prospective customers are much more likely to embrace your services. Your investment will be a fraction of the cost from winning and retaining business, or paying out from the costly data breach.