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How can ISO 27001 help SaaS companies?

Cloud environment usage inevitably raises concerns about information security. Users expect information they stored, such as customer, personal, and sensitive data, to be in safe hands. They aim to choose a service provider carefully, so that they can sleep at night knowing that their data is secure. Therefore, SaaS companies are expected to be viable, stable, and offer security controls.

This is where ISO 27001, a widely known international standard on Information Security Management Systems, comes in handy. Implementing adequate ISO 27001 controls gives assurance to clients that the SaaS company takes security and compliance seriously. If a SaaS company is not ISO 27001 certified, there is a good chance that prospective customers will not even shortlist the vendor.

ISO 27001 certification helps SaaS companies in the following ways:
  • offers architected, dependable, and highly secure systems and applications
  • gives the ownership and control of data freedom to its users by applying principles of confidentiality, integrity, and availability
  • fulfills service-level commitments, which means continuity of services and business
  • identifies laws and other information-related regulations

Benefits of ISO 27001 for a SaaS company

Besides meaning credible recognition, ISO 27001 for SaaS ensures effectiveness in a company, increasing client retention and new customer acquisition. With the increasing number of competitors on the market, more SaaS companies strive to earn their competitive advantage by demonstrating their commitment to data security because of the following:

  • Many companies consider ISO 27001 as a primary security requirement before selecting their SaaS vendor, knowing that they offer architected, dependable, and highly secure systems and applications.
  • ISO 27001-certified SaaS gives the ownership and control of data to its users by applying confidentiality, integrity, and availability principles.
  • The risk management approach of ISO 27001 helps SaaS companies to fulfill their service-level commitments, which means (Read more...)

*** This is a Security Bloggers Network syndicated blog from ISO 27001 & ISO 22301 Blog – 27001Academy authored by ISO 27001 & ISO 22301 Blog – 27001Academy. Read the original post at: https://advisera.com/27001academy/blog/2022/03/04/iso-27001-saas-companies/