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In: Accounting

discussion on ISO 27001

discussion on ISO 27001

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Expert Solution

ISO 27001 is the international standard framework related to the risk management associated with the information security. ISO 27001 certificate is used to assure clients and stakeholders that the company is paying proper attention and making adequate efforts to manage security of their information. The proper Information Security Management System (ISMS) is developed on the basis of series of standardized requirements. This certificate requires to adopt process based approach for ISMS. The steps in this approach include establishment, implementation, operation, monitoring, maintenance and continuous improvement of ISMS.

In this manner, ISO 27001 helps businesses to protect their employees and clients’ information, along with protecting brand image. This enables company to achieve high level of client retention ratio, increasing customer and employee satisfaction, maintaining confidential information secure, increasing stakeholders’ confidence and so on. In this way ISO 27001 turns out to be the competitive advantage.


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