ISO 27001 Benefits
To really understand your users and the risk they bring to your platform, you need to collect and store a lot of sensitive data. While this makes your process smart and efficient, it also makes you an attractive cyber target. Marketplaces and rental platforms that handle personal data have a responsibility to keep that data secure and DigiSure is positioned to help.
Partnering with an ISO 27001 certified vendor can help marketplaces or rental platforms to protect personal data, comply with regulations, manage information security risks, and gain a competitive advantage in the marketplace.
Protection of Personal Data
ISO 27001 provides a comprehensive framework for managing and protecting sensitive data, including personal data. A vendor certified with this standard is more likely to have implemented robust security controls to safeguard against data breaches and cyber attacks.
Compliance with Regulations
Many jurisdictions have enacted data privacy regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). ISO 27001 certification can help vendors to demonstrate compliance with these regulations, which can help to build trust with customers and avoid costly fines for non-compliance.
Risk Management
Partnering with an ISO 27001 certified vendor can help marketplaces or rental platforms to identify and manage information security risks. This can include identifying potential vulnerabilities in their own systems as well as those of their vendors.
Competitive Advantage
Working with an ISO 27001 certified vendor can provide an advantage against competitors. Customers are more likely to trust a platform that demonstrates a commitment to information security, which can lead to increased user engagement and revenue.
ISO 27001 & SOC 2
While both ISO 27001 and SOC 2 are information security standards, they serve different purposes and provide different benefits. Being compliant with both standards can add value for organizations in several ways.
Comprehensive Information Security Management System (ISMS)
ISO 27001 provides a framework for establishing, implementing, maintaining, and continually improving an Information Security Management System (ISMS). This systematic approach to managing sensitive company information goes beyond the security controls required by SOC 2 and includes a broader range of security controls and risk management processes.
International Recognition
ISO 27001 is an internationally recognized standard for information security. Compliance with this standard can demonstrate to customers and partners worldwide that an organization has implemented strong security controls to protect sensitive data.
Regulatory Compliance
Compliance with ISO 27001 can help organizations meet the information security requirements of many regulatory frameworks beyond SOC 2. For example, organizations that handle personal data in the European Union must comply with the GDPR, which requires the implementation of appropriate technical and organizational measures to ensure data security. Compliance with ISO 27001 can help organizations demonstrate their compliance with the GDPR.
Continual Improvement
ISO 27001 requires organizations to continually monitor and improve their information security practices. By regularly reviewing and updating their ISMS, organizations can identify and address vulnerabilities and stay ahead of evolving threats.
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