As ISO27001 is updated to 27001:2022, and with the increased discussion around SOC2 (Service Organisation Control) you might be wondering why these security audits are important?
Reason 1: Increased threat of cyber attacks
In the last two years, Australia has seen several high-profile data breaches that have jeopardised the security of millions of Australians. In just the past two years some of the major companies affected by data breaches include:
- Optus (10 million current and former customers personal data leaked)
- Medibank (9.7 Medibank customers personal data leaked)
- Ticketek (17 million consumers affected)
- Qantas (un-quantifiable number of customers affected)
The increased threat of cybersecurity attacks and data breaches requires stringent security audits such as ISO27001:2022 or SOC2 to prevent vulnerable customer and client information being leaked which could severely damage a companies’ reputation or incur penalties.
Reason 2: The ISO27001/SOC2 advantage on regulatory compliance
Across the globe more organisations and governments are requiring businesses to have completed certain security certifications such as ISO27001 and SOC2 – with these two being the most common. Having completed an ISO27001 or SOC2 certification gives businesses an advantage in gaining potential opportunities while simultaneously protecting theirs and consumer’s data.
Reason 3: Reliance on global markets
As the Australian market expands globally the need to have internationally recognised standards has become paramount. Both SOC2 and ISO27001 are used internationally to help establish a universal understanding of security that is transferrable across borders. Maintaining up to date security systems allows for a much easier time working globally and more opportunities for expansion.
If you’re considering getting either a SOC2 or ISO27001 certification, ICS has in-depth knowledge and a 24/7 in-house support team dedicated to helping you attain the certification you need – get in touch to see how we can help.