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://advisera.com/training/iso-27001-foundations-course/

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/