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Have you ever tried to convince your management to fund the implementation of information security? If you have, you probably know how it feels – they will ask you how much it costs, and if it sounds too expensive they will say no.
Actually, you shouldn’t blame them – after all, their ultimate responsibility is profitability of the company. That means, their every decision is based on the balance between investment and benefit, or to put it in management’s language – ROI (return on investment).
This means you have to do your homework first before trying to propose such an investment – think carefully how to present the benefits, using language the management will understand and will endorse.
I’ll try to help you – the benefits of information security, especially the implementation of ISO 27001 are numerous. But in my experience, the following four are the most important:
It might seem odd to list this as the first benefit, but it often shows the quickest “return on investment” – if an organization must comply to various regulations regarding data protection, privacy and IT governance (particularly if it is a financial, health or government organization), then ISO 27001 can bring in the methodology which enables to do it in the most efficient way.
2. Marketing edge
In a market which is more and more competitive, it is sometimes very difficult to find something that will differentiate you in the eyes of your customers. ISO 27001 could be indeed a unique selling point, especially if you handle clients’ sensitive information.
3. Lowering the expenses
Information security is usually considered as a cost with no obvious financial gain. However, there is financial gain if you lower your expenses caused by incidents. You probably do have interruption in service, or occasional data leakage, or disgruntled employees. Or disgruntled former employees.
The truth is, there is still no methodology and/or technology to calculate how much money you could save if you prevented such incidents. But it always sounds good if you bring such cases to management’s attention.
4. Putting your business in order
This one is probably the most underrated – if you are a company which has been growing sharply for the last few years, you might experience problems like – who has to decide what, who is responsible for certain information assets, who has to authorize access to information systems etc.
ISO 27001 is particularly good in sorting these things out – it will force you to define very precisely both the responsibilities and duties, and therefore strengthen your internal organization.
To conclude – ISO 27001 could bring in many benefits besides being just another certificate on your wall. In most cases, if you present those benefits in a clear way, the management will start listening to you.
You can also check out our free webinar ISO 27001 benefits: How to obtain management support.