What is ISO 27001?

ISO 27001 is a standard from the ISO/IEC 27000 family that provides requirements for setting up and managing an information security management system (ISMS).

The standard helps organizations manage security threats facing critical assets, such as intellectual property, financial systems and data, employee details, customer or client data, and information concerning trusted third parties. It specifies the requirements needed to establish, implement, maintain, and the continued improvement of ISMS within a company’s context.

ISO 27001 also consists of guidelines used to assist organizations in performing risk management. The guided risk management assesses and treats information security risks specific to organizational needs. The stipulated requirements are not specific to any industry and, therefore,  all organizations, despite nature, size, or type, can apply ISO 27001.