Financial benefits of ISO 27001

Answer: Depending upon the objectives defined for the ISMS, you may perceive financial gains with ISO 27001 certification from these areas:

- Increased revenue by new customers who chose the organization due to certification
- Increased revenue by reduction of systems downtime (e.g., e-commerce)
- Decreased operational costs due to interruptions (e.g., maintenance costs) and rework caused by incidents
- Decreased payment of legal fines because failure to fulfill service agreements or other legal requirements
- Optimization of the resources allocated to treat risks

Considering the costs related to an incident, and investments required for preventing it happens or its recurrence, I suggest you take a look at our ROSI calculator. This tool can help you judge if the Return on Security Investment will be worth. The link to access the tool is https://advisera.com/27001academy/free-tools/free-return-security-investment-calculator/ .

This article will provide you fur ther explanation about ISO 27001 benefits:
- Four key benefits of ISO 27001 implementation https://advisera.com/27001academy/knowledgebase/four-key-benefits-of-iso-27001-implementation/

These materials will also help you regarding ISO 27001 benefits:
- Book Secure & Simple: A Small-Business Guide to Implementing ISO 27001 On Your Own https://advisera.com/books/secure-and-simple-a-small-business-guide-to-implementing-iso-27001-on-your-own/
- Free online training ISO 27001 Foundations Course https://training.advisera.com/course/iso-27001-foundations-course/

I can understand how a business could really benefit from having the right kind of software. Getting software from a professional could be really useful for them. It was interesting to learn about how they can decrease operational costs.

Some examples of how the right kind of software can help decrease operational costs are:

• increasing the number of automatized activities (i.e., fewer people required to perform the same number of tasks)
• improving response time to handle incidents or deviations in processes results (by means of monitoring features)
• providing information for decision making (by means of standard or customized reports and dashboards)

For further information, see:

• When to use tools for ISO 27001/ISO 22301 and when to avoid them https://advisera.com/conformio/blog/2021/06/24/toolkit-vs-conformio-which-is-more-applicable-for-my-company/