Question

1. Your organisations ISMS gives assurance that your firms operation is viable.

Required
Elaborate on two issues that the ISMS provide to investors and potential investors on the operations of your business.

Answer 1

An ISMS is a set of policies, procedures, processes and systems that manage information risks, such as cyber attacks, hacks, data leaks or theft. ISO 27001 is the international standard that provides the specification and requirements for implementing an ISMS. The benefits of implementing an ISMS is:

Secure your information

An ISMS helps protect all types of information, including intellectual property, company secrets and personal information, regardless of whether it is in digital or hard copy form, or where it is stored.

Increase resilience to cyber attack

Implementing and maintaining ISMS will enhance your organization’s resistance to cyber-attacks.

Helps respond to evolving security threat

Continuously adapting to changes in the environment and within the organization, the ISMS reduces the growing risk threats.

Reduce cost associated with information security

Thanks to the risk assessment and ISMS analysis approach, organizations can reduce the cost spent to ease the addition of defensive technology technologies that may not work.

Improve company culture

The Standard holistic approach covers the entire organization, not just IT, and includes people, processes and technologies. This helps employees understand the risks and receive security controls as part of their daily work practices.

Protect confidentiality, integrity and availability of data

ISMS offers a set of policies, procedures, technical and physical controls to protect the confidentiality, integrity and availability of information.

Offer organization-wide protection

It protects your organisation from technology-based risks and other, more common threats, such as poorly informed staff or ineffective procedures.

The investors will be benefitted mostlyby the following advantages of ISMS

Meets legal or third party obligations

It is probably the case that sometimes the business is asked by a client, third party or by law to show your organisation capability ininformation security. In situations like this, ISO 27001 could be an excellent choice. This standard is recognised and used by many organisations worldwide, and by applying its clear and practical instructions, the entity can prove your trustworthiness concerning informationand datasecurity.

Achieve a return on investment

By implementing this standard, theorganisation can achieve a return on investment in at least two ways. One way is through the marketing value that it adds to your organisation since the certification can attract potential clients and also assist with pre-sales due diligence conducted by your potential clients.
Second, ISO 27001 helps you avoid, eliminate or reduce the undesired effect of risks which otherwise can severely impact your organisation’s reputation leading to financial penalties and related legal issues.