Here are three key benefits of ISO 20001:
Improving Security Practices
Compliance with the ISO 27001 standard strengthens an organization’s security posture. Identifying and remediating risks, and defining people and processes responsible for risk management, can reduce vulnerability to security incidents and also lessen their impact when they occur. This can help organizations avoid the high costs of incident response, data recovery, loss of business and reputation, and regulatory fines.
Assisting with Regulatory Compliance
ISO 27001 is a global standard which has been used as a basis for many international data privacy laws. For example, the GDPR refers covered entities to the ISO 27001 standard, and Australia's Digital Security Policy is intentionally created to comply with ISO 27001.
While ISO 27001 certification does not guarantee full compliance with all data security regulations, it represents a big step in the right direction to achieve data privacy compliance goals.
Another benefit of ISO 27001 is that it requires organizations to establish accountability for information risk. This transparent chain of command helps clarify roles and processes and maintain proper access controls as information assets grow.