Cyberattacks Are Costly, Disruptive, and a Growing Threat

(ISO: Geneva, Switzerland) -- To address global cybersecurity challenges and improve digital trust, ISO has published a new and improved version of ISO/IEC 27001. The world’s best-known standard on information security management helps organizations secure their information assets—vital in today’s increasingly digital world.

Cybercrime is growing ever more severe and sophisticated as hackers develop more advanced techniques. The World Economic Forum’s Global Cybersecurity Outlook report indicates that cyber-attacks increased 125 percent globally in 2021, with evidence suggesting a continued uptick through 2022. In this fast-changing landscape, leaders must take a strategic approach to cyber-risks.

“Amid the Fourth Industrial Revolution, systemic interdependence creates both downside costs of cyber-risk and holds a much greater upside value,” says Andreas Wolf, who leads the group of experts responsible for the standard. “The organizations that will lead us into the digital future are those that are not only vulnerable enough to admit they can’t do it alone but are also confident and savvy enough to realize that it’s better for businesses to not even attempt it.”

To address cybersecurity challenges, organizations must enhance their resilience and implement cyber-threat mitigation efforts. Here’s how ISO/IEC 27001 will benefit your organization:
• Secure information in all forms, including paper-based, cloud-based, and digital data
• Increase resilience to cyber-attacks
• Provide a centrally managed framework that secures all information in one place
• Ensure organization-wide protection, including against technology-based risks and other threats
• Respond to evolving security threats
• Reduce costs and spending on ineffective defense technology
• Protect the integrity, confidentiality, and availability of data

Organizations that adopt cyber-resilience through confident vulnerability quickly emerge as leaders in their industry and set the standard for their ecosystem. The holistic approach of ISO/IEC 27001 means that the entire organization is covered, not just IT. People, technology, and processes benefit.

When you use ISO/IEC 27001, you demonstrate to stakeholders and customers that you are committed to managing information securely and safely. It’s a great way to promote your organization, celebrate your achievements, and prove that you can be trusted.

About The Author

ISO

The International Organization for Standardization (ISO) is the world’s largest developer and publisher of international standards. ISO is a network of the national standards institutes of 162 countries, one member per country, with a Central Secretariat in Geneva, Switzerland, that coordinates the system. ISO is a nongovernmental organization that forms a bridge between the public and private sectors. ISO enables a consensus to be reached on solutions that meet both the requirements of business and the broader needs of society. View the ISO Standards list.