ISO 27001:2022 Certification

ISO 27001:2022 Certification

ISO 27001 is a global standard for information security management systems (ISMS), that provides a framework for organisations to implement, maintain and continuously enhance its information security management systems.  This is a systematic approach consisting of people, process, and technology that helps you protect and manage all your organisation’s information through risk management. ISO 27001 structures how businesses should manage risk associated with information security threats; including policies, procedures and staff training.

Defined within the ISO 27001 standard are information security guidelines, requirements intended to protect an organisation’s data assets from loss or unauthorised access, and recognised means of demonstrating their commitment to information security management through certification.
ISO 27001, includes a risk assessment process, organisational structure, Information classification, Access control mechanisms, physical and technical safeguards, Information security policies, procedures, monitoring and reporting guidelines.

Why ISO 27001:2022 is important.

ISO 27001 Certification is a globally recognised standard published by the International Organization for Standardization (ISO). It provides several essential security standards. A bank is a financial institution that accepts public deposits, and also provides loans and other facilities. Also, ISO 27001 Certification for the banking industry helps to implement a custom-made and effective Information Security Management System. The ISO 27001 standard was updated in October 2022 (from ISO 27001:2013 to ISO 27001:2022) in light of the rapidly evolving fields of information security and technology. Accordingly, the Bank has also upgraded its certification and is now ISO 27001:2022 certified.  ISO 27001:2022 focuses on protecting three key aspects of information: confidentiality, integrity, and availability. It also provides a globally accepted framework for information security risk management.

There are several benefits to banks of having ISO Certification. Some of the most important ones are as follows:

  • ISO 27001 is globally trusted and displays adequate security. Consequently, it aids in reducing the need for repeat customer audits.
  • Cyber-attacks can seriously damage the credibility of banks. Furthermore, it can cause heavy financial loss. Therefore, Implementing ISO Certification in Banking Industry can prevent cyber-attacks.
  • It also helps in complying with potential regulatory guidelines including data protection requirements.
  • Banks are organisations that grow rapidly. Thus, having ISO registration can help distinguish responsibility for information assets.
  • It helps in increasing awareness about the new methodologies for security.