What is the security standard ISO 27701?
ISO 27701 is an international standard that focuses on privacy information management. It is an extension of ISO 27001, which is a widely recognized standard for information security management systems. ISO 27701 specifically addresses privacy-related concerns and provides a framework for organizations to manage and protect the privacy of personal information effectively.
Why was the security standard ISO 27701 created?
According to isms.online, “The email security standard ISO 27701 was developed in order to provide a standard for data privacy controls, which, when coupled with an ISMS, allows an organisation to demonstrate effective privacy data management. ISO 27701 established the parameters for a PIMS in terms of privacy protection and processing personal identifiable information (PII).”
What are the benefits of the security standard ISO 27701?
- Privacy Compliance: ISO 27701 helps organizations comply with privacy regulations and laws, such as the General Data Protection Regulation (GDPR) in Europe, the California Consumer Privacy Act (CCPA), and other global privacy laws. Compliance is critical for avoiding legal issues and potential fines.
- Data Protection: It outlines a systematic approach to identifying, managing, and protecting personal information, helping organizations safeguard sensitive data against breaches and unauthorized access.
- Trust and Reputation: Demonstrating compliance with ISO 27701 can enhance an organization's reputation by showing its commitment to protecting the privacy of individuals' personal data. This can lead to increased trust among customers, partners, and stakeholders.
- Risk Management: ISO 27701 helps organizations identify and mitigate privacy-related risks, ensuring that potential data breaches or privacy incidents are managed effectively.
- Competitive Advantage: Organizations that are ISO 27701 certified may have a competitive advantage over those that are not, especially in industries where data privacy is a significant concern. It can open up new business opportunities and partnerships.
- Data Subject Rights: ISO 27701 assists in managing data subject rights, such as the right to access, correct, or erase personal data, which is a central aspect of many privacy regulations.
- Integration with ISO 27001: Organizations that have already implemented ISO 27001 can integrate ISO 27701 into their existing information security management system, streamlining the management of both security and privacy aspects.
- Continuous Improvement: ISO 27701 promotes a culture of continuous improvement by requiring organizations to monitor and evaluate their privacy management system regularly, ensuring that it remains effective and up-to-date.
- Cross-Border Data Transfers: For organizations engaged in international data transfers, ISO 27701 can provide assurance that they have robust privacy controls in place, facilitating the lawful movement of personal data across borders.
- Legal and Regulatory Alignment: By adhering to ISO 27701, organizations can demonstrate their commitment to aligning with evolving privacy laws and regulations, reducing the risk of non-compliance.
What other standards are related to ISO 27701?
- ISO 29100: According to Koenig Solution, it provides a universally applicable privacy framework for the processing of personal data, ensuring robust data protection.
- ISO 29151: According to tencent cloud, “it establishes the control objectives, controls, and guidelines for implementing controls with regard to the processing of personally identifiable information (PII) to meet the requirements identified by risk and privacy impact assessments related to the protected PII.”
- ISO 27018: According to Microsoft, this policy allows for the return, transfer, and secure disposal of personal information within a reasonable period of time. The difference between 27001 and this policy is that 27001 is an earlier standard and 27-18 is an updated framework that focuses strictly on PII.
Final Thoughts
The security standard ISO 27701 is essential for organizations that handle personal information. It helps them navigate the complex landscape of privacy regulations, protect sensitive data, build trust with stakeholders, and stay competitive in a data-driven world.
By being ISO 27701 certified, you can rest assured Omnivery remains committed to the highest standards in privacy laws and regulations worldwide.