This is one standard that organizations can bank on when it comes to keep information assets secure. The main purpose of this standard is to provide a model to follow when setting up and operating a management system.
The ISO 27001: 2017 is popularly known to provide rules for helping set up an information security management system (ISMS) for organizations. Encompassing over a dozen recommendations, these regulations are an imperative for organizations to manage, protect and streamline their assets. These assets mainly include financial information, rights regarding intellectual property, and details regarding the staff or any other kind of information that is given by third parties.
It should be noted here that like all other ISO management system standards, certification to the ISO 27001 is possible but not mandatory. Different organizations adhere or adopt it for different purposes. While some organizations or institutions opt for the standards to take advantage of the best practices encompassed in it, others adopt it as a certification. The certification to this standard is an assurance that companies give clients and customers that the recommendations provided under these standards have been followed strictly and with due diligence. ISO however, does not provide the certification.