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Financial benefits of ISO 27001

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Guest user Created:   Jan 19, 2017 Last commented:   Aug 25, 2021

Financial benefits of ISO 27001

How could be calculated finance contributions from ISO 27001 certification?
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ISO 27001 DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

ISO 27001 DOCUMENTATION TOOLKIT

Step-by-step implementation for smaller companies.

Expert
Rhand Leal Jan 19, 2017

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/
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Adam Golightly Aug 24, 2021

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.

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Rhand Leal Aug 25, 2021

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:

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Jan 19, 2017

Aug 25, 2021

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