The Importance of ISO 27001 Certification

GECKO Governance
2 min readJul 7, 2022

What is ISO 27001?

ISO 27001 (formally known as ISO/IEC 27001:2005) is the only auditable international standard that defines the requirements for an information security management system (ISMS). An ISMS is a framework of policies and procedures that includes all legal, physical and technical controls involved in an organisation’s information risk management processes.

Why is it needed?

In every industry, especially financial services, firms must successfully protect the copious amounts of data they collect, store and process, while complying with ever-increasing regulation. When they fail to secure or protect this data, it exposes them to numerous business risks like breaches, financial losses, reputational damage or even potential fines and prosecution.

Certification means that our client’s processes and data controls are regularly and independently audited, giving them the highest levels of assurance that their information will be protected.

Why ISO 27001 certification is important

  1. Quality assurance

The certification follows a rigid framework and is subjected to constant quality checks — guaranteeing a high standard of information security quality.

2. Minimises security breaches

You may not be able to reduce the number of attacks your organisation receives however, potential damages are mitigated and security breaches are less likely.

3. Culture of information security

The entire organisation is covered by security, (employees, technology, and procedures) creating an organisational culture that is conscious of information security. This provides employees appropriate education, training and updates in policies and procedures relevant to their roles, helping to ensure an unrivalled level of quality and security for clients.

4. Global Compliance

ISO 27001 is a globally accepted standard for Information Security of information assets, helping organisations avoid heavy fines and penalties.

5. Fast Reaction & Recovery

Potential attacks are tracked down and eliminated in the early stages, preventing data problems from worsening, minimising disruption and downtime.

Our clients know that they are partnering with a software that ensures:

  • Compliance with legal and regulatory standards (globally)
  • Compliance knowledge, information and data protection
  • Protection of information and communication technologies
  • Company Assets protection
  • Avoidance of regulatory sanctions resulting from both security and compliance breaches

Get in touch with us to see how GECKO Governance can help.

Email: hello@geckogovernance.io

Book a Demo: https://geckogovernance.io/#contact

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GECKO Governance

Providing much needed Transparency, Compliance & Accountability To The Financial Services Industry