Every company holds data that is critical and valuable to its daily operations. For this reason, it is important then to protect and secure its confidentiality, integrity, and availability. As the frequency of security breaches has intensified, companies must adopt proactive security measures to safeguard mission critical data. No matter a company's the size, there is likelihood that eventually you will be a target of cyber criminals. 

Each day, countless incidents of security and information breaches occur. This is why it is critical that you invest in a structured and validated security certifications. A security certification ensures that your company has control over its internal and external information assets. It is also equally important to protect information shared with vendors, partners, and customers. Ensuring the security of company data cannot be understated. A recent study by PricewaterhouseCoopers

What Can You Do?

You need to protect both internal data (employee data, financial, and intellectual property) and external data (clients, manufacturers, and vendors). An industry-approved security certification such as the ISO 27001 is essential to any company's Information Security Management System (ISMS). An ISMS encompasses a set of procedures, frameworks, and policies. It incorporates a set of legal, physical, and technical controls used to manage the security of a company's information system. Below are five core reasons why your business should invest in security certifications. 

  •  Risk Management

The ISO 27001 certification focuses on the proactive management of risk. In today's global and online environment, companies spend massive amounts of capital on enforcing information security. An appropriate security framework helps a company focus and prioritize investments in essential areas. An ISO 27001 certification provides a security methodology that incorporates proven industry standards and security requirements. For example, it provides effective and systematic processes for identifying, controlling, and mitigating threats to a company's wealth management software. 

  •  Information System Organization Management

ISO 27001's framework comprises a collection of security practices such as access control, asset management, network security, and cryptography. As such, when applied by a company's IT department, it creates a structured approach in managing information systems. Besides, it helps in defining decision-making as well as leadership roles and responsibilities across a company's departments. In turn, your company benefits from increased efficiency, productivity, and streamlined organization. Acquiring the ISO 27001 certification ensures that your business is fully prepared to accommodate growing demand and evolving needs. 

  • Legal Compliance

Changing needs and the progressive evolution of legal requirements necessitates that IT departments comply with governmental regulations. Failure to comply with these regulations can lead to loss of control, security breaches, PR glitches, and legal penalties. Besides that, a company needs to honor obligations arising from customer-vendor specific contracts or agreements. 

  •  Vendor-Client Relationships

Regrettably, a majority of information security breaches originate from within an organization's employees, suppliers, and clients. Security certifications define a structure that informs vendors and clients of their information security roles. By combining continuous monitoring, evaluation, and improvements, information security frameworks help ensure the security of your information system. 

  • Improves Customer Confidence and Assurance

Your company's business partners consume your company's products or a service before you implement an information security framework. For that reason, an ISO 27001 security certification assures your clients that their data is safe and secure. Clients highly regard a company that prioritizes the security of its ISMS. By doing so, you also distinguish your company from the competition. 

Benefits of Security Certifications

As technology drives business processes and innovation, investing in security certifications is critical for your business in retaining its competitive edge. In recent years, a majority of businesses have recognized the importance of acquiring security certifications. Results of a study by CompTIA indicate that 86% of managers prefer employees with certified security certifications. Security certified help desk staff process 11% to 18% more phone calls than those without certifications. In addition to that, 75% of CompTIA PDI+ certified IT technicians have helped their companies gain new clients and improve service delivery.