ISO 27001 (officially known as ISO/IEC 27001:2005) is a specification for an information security management system, which is a set of rules and procedures that encompasses all legal, physical, and technical controls in an organization’s information risk management operations.
According to its documentation, ISO 27001 was created as a model of ideal information security management system procedure to establish, control, maintain and improve its elements.
Even though the ISO/IEC 27001 certification standard does not enforce specific information security controls, it gives a checklist of measures that should be considered when implementing the code of practice that goes along with it. This second standard specifies a comprehensive set of information security control goals, as well as a set of security measures that are acknowledged as good practice in the information security field.
What are the benefits of adopting ISO 27001 for a company?
The ISO/IEC 27001 certification confirms that the business adhered to the ISO 27001 requirements and established information security practices that are best-in-class. Although not every firm gets ISO 27001 certification, the vast majority does so as a framework for keeping their information security management system safe from the growing number of cyber assaults on the Internet.
It aids in the acquisition of new clients and the maintenance of current partnerships through the presentation of optimal security practices.
Because it is widely recognized as the worldwide standard for optimal security practices, the certification assists companies in avoiding the potential harm that can result from security breaches.
The standard complies with all applicable corporate, legal, and regulatory requirements and regulations.
As it clearly states who is accountable for a particular security solution and information asset, the standard aids in the effective expansion of your business by increasing the openness of your organizational structure.
What is the cost of ISO 27001 certification and how long does it take?
The cost of ISO 27001 certification is often determined by the size of the firm, measured in terms of the number of workers and the minimum number of days necessary to conduct audits, among other factors.
Is it possible for us to deploy ISMS ourselves?
The answer is yes, if your organization has individuals who have prior expertise and are knowledgeable about ISMS criteria. Typically, to begin, you and your team must have a fairly thorough understanding of what is required from an ISO 27001 management system to assess what is missing and what needs to be included to get started on the implementation journey; this is known as the gap analysis phase in its simplest form.
What happens if we don’t have an experienced individual with ISO 27001 ISMS?
Our ISO 27001 experts, are here to assist you throughout the entire process of getting certified to the ISO 27001 standard. There are normally three processes that we follow while assisting organizations in preparing for certification.
Phase 1: Identification of gaps, risk assessment, and vulnerability assessment
Phase 2: It consists of the establishment of security policies, the selection of controls, and the implementation of the program.
Phase 3: Internal auditing, remediation, and preparing for certification are all included.
The implementation period normally lasts between 3 and 8 months, depending on the extent of the project, the size of the company, and the compliance and regulatory requirements of the industry.
ISO 27001 Certification in Singapore: The steps to get ISO 27001 certification in Singapore are as follows:
Organizations wishing to get ISO 27001 certification in Singapore are expected to achieve all of the key requirements of the standard, which include the identification, assessment, evaluation, and treatment of information security risks. The organization must document and put into practice the requirements that have been defined.
- With the aid of the risk management process, the business will decide which of the ISO 27001 controls will need to be implemented to effectively manage those security threats.
- The ISO certification procedure at your organization is launched based on the Application form that you have filed and the information that you have given.
- Internal audits should be carried out by ISMS Internal Auditors who have been trained.
- With the use of the data that has been analyzed, performing a management review.
Contact us to determine your needs peculiar to your company. Then we can arrange for the ISO 27001 audit when the contract and initial certification costs have been approved.
ISO 27001 Audit:
There are two steps to the ISO 27001 certification procedure.
Stage 1: Preparation and Readiness Assessment
Stage 2: Evaluation of Effectiveness
If your business passes the audit with no nonconformities, an ISO 27001 certificate will be granted to your organization (or) if the discovered nonconformity is successfully closed, the certificate will be awarded.
Every year, a surveillance audit will be carried out. Then there are the next two years of validity.
The validity of your certificate will be three years.
It is possible to claim these costs if you apply for ESG (Enterprise Singapore Grant–Standard Adoption). This grant provides funds to help small and medium-sized businesses develop their businesses.
The ISO 27001:2013 certification qualifies for Enterprise Singapore’s Enterprise Development Grant (EDG), which provides financial help for the certification process. To be eligible for the EDG, your organization must meet the following requirements:
- Based in Singapore and have a business license there.
- Have a minimum of 30% of the company’s stock held by locals.
- Be able to start and execute the project on a financially sustainable basis.
Enterprise Singapore will evaluate these applications based on the project, the outcomes of the project, and the competency of the service provider. Organizations that qualify for subsidies under the EDG are eligible for the following benefits:
Small and medium-sized enterprises (SMEs) can claim up to 70% of qualifying expenditures; non-SMEs can claim up to 50% of eligible costs.
Certification fees are a reasonable and manageable cost component.
ISO 27001 Singapore Consultancy
Any firm wishing to become ISO 27001 certified must ensure that they are well equipped to complete the certification process effectively.
Mandreel provides you with the training, consulting, tools, and guidance to enable you to comply with the ISO 27001 standard. Our ISO 27001 experts in Singapore assist you in establishing, implementing, operating, monitoring, reviewing, maintaining, and promoting your organization’s information security management system.
Because of our many years of expertise, we are well-versed in the demands of a certifying organization. As a result, we are aware of the specific steps required to get this accreditation with a guarantee.