Major security failures put shareholder value and corporate reputations at risk. However, organizations can minimize danger through governance frameworks optimizing security and risk management. Often called “cyber-risk management,” these programs involve continuously monitoring threats, assessing vulnerabilities, and improving defenses over time. When integrated into operations, such frameworks greatly reduce potential impacts of emerging attacks.
To communicate reliable risk management to stakeholders, companies can work towards ISO 31000 certification for enterprise risk management. This standard ensures methodical evaluation of information security threats alongside other organizational risks. Moreover, ISO 27001 and 22301 specifically address managing cyber risks and ensuring continuity during incidents. Looking beyond preventing incidents, ISO 22301 focuses on responding effectively. It mandates planning and testing for scenarios where operations get interrupted despite defenses. This includes coordinating teams to address incidents, recovering to normal working levels rapidly after attacks, and more. With data breaches in 2022 rising 38% year-over-year, planning for effective response is essential.
For multinational entities, ISO 27001, 22301, and 31000 adoption provides consistency across global divisions. Mandating shared benchmarks around risk and obligations aligns often disjointed international operations. This reduces uncertainty for global customers and partners engaging across subsidiary units. Get in touch with us to learn more! sales@cfecert.co.uk
