TACKLING PRIVACY INFORMATION MANAGEMENT HEAD ON:
FIRST INTERNATIONAL STANDARD JUST PUBLISHED
We are more connected than ever, bringing with it the joys, and risks, of our digital world. Cybersecurity is a growing concern, with attacks against business almost doubling over the last few years (1) and is an increasingly significant threat to global stability.
Unsurprisingly, laws and regulations are rapidly being put in place to reduce these risks and protect our digital privacy. How can organizations keep on top of these requirements and protect themselves at the same time? The world’s first International Standard to help organizations manage privacy information and meet regulatory requirements has just been published.
Protecting our digital privacy is a significant business concern. According to IBM2) the average cost of a data breach is USD 3.6 million, and legal obligations are increasingly stringent. As we get more connected, governments all over the world are introducing various privacy regulations, such as the European Union’s General Data Protection Regulation (GDPR), which organizations must adhere to. The new ISO standards will help businesses meet such requirements, whatever jurisdiction they work in.
ISO/IEC 27701, Security techniques — Extension to ISO/IEC 27001 and ISO/IEC 27002 for privacy information management — Requirements and guidelines, specifies the requirements for establishing, implementing, maintaining and continually improving a privacy-specific information security management system. In other words, a management system for protecting personal data (PIMS).
Formerly referred to as ISO/IEC 27552 during its development, it builds on ISO/IEC 27001, Information Technology – Security techniques – Information security management systems – Requirements, providing the necessary extra requirements when it comes to privacy.
Credit reference agency Equifax fined for security breach