ISO 27001 in the banking industry: “One standard to rule them all”

 


ISO 27001 Certification in Bangalore ISO 27001 is a globally recognized standard published by the International Organization for Standardization (ISO), which provides a framework that companies of any size and industry can utilize to implement a custom-made and effective Information Security Management System. The framework is not designed to just manage IT security, but to manage information security holistically across the company by implementing both technical and non-technical controls.

And many other (country-specific) laws and regulations

Having so many different requirements makes information security and privacy compliance a complex task. Although every industry has its fair share of laws, standards, and regulations, the financial and banking industry, together with healthcare, are amongst the most highly regulated industries. And, as if that is not enough, the fast developments in Fintech (financial technology), besides many opportunities, introduce a lot of complexity to governance and compliance. So, where and how does ISO 27001 settle in?

 

A single management system

ISO 27001 Registration in Bangalore ISO 27001 offers a framework that can bring together the different laws, regulations, and contractual requirements in one ISMS. Its well-thought-out design has also led to the fact that many data protection standards and laws use ISO 27001 as a basis, which makes implementation much easier. Using a single security management system requires better design and planning in the start-up phase, but once in place, it provides better governance, greater efficiency (less overlap), and more risk control by providing information.

 

ISO 27001 for banks: A game-changing security investment Benefit of certification to ISO 27001 for banks

In organizations that are subject to so many laws and regulations, such as banks and their vendors, the main benefit is compliance. That means being able to prove that controls have been implemented in accordance with all the different laws and regulations from a single, independently certified management system. As mentioned before, a lot of laws and standards are designed with ISO 27001 in mind, which makes working with (supervisory) authorities much easier. Over the last few years, ISO 27001 has increasingly become a default contractual requirement that banks include in their agreements

 

 

 

Scope of ISO 27001 in the banking industry

ISO 27001 Implementation in Bangalore as said, the ISO 27001 framework is not designed to just manage IT security; it is designed to manage information security holistically across the company by implementing both technical and non-technical controls. ISO 27001 contains 10 clauses and 114 controls divided over 14 control sets. All the ingredients to have an effective and efficient Information Security Management System are included within the framework, without becoming overly prescriptive in the requirements, enabling the ability to integrate all of the different requirements. @certvalue.com.

 

How to get ISO 27001 Certification in Bangalore:

Instructions to get How to get ISO 27001 Certification in Bangalore ISO/IEC 27001 affirmation cost for associations relies upon a critical number of factors, so each organization should set up a totally different financial plan. Comprehensively, the fundamental expenses are identified with:

•Training and writing

•External help

•Technologies to be refreshed/actualized

•Employee's exertion and time

•The confirmation review

 

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