Why Your Business Needs to Adhere to Internationally Recognized Standards for Information Governance
In today’s digital age, data is the lifeblood of businesses. Data security and privacy breaches have become increasingly common, highlighting the importance of information governance. Information governance refers to the management of information in compliance with legal, regulatory, and ethical requirements. Adhering to internationally recognized standards for information governance is crucial for businesses. In this article, we’ll discuss why.
What are the Internationally Recognized Standards for Information Governance?
There are various international standards for information governance, including ISO 27001, ISO 27701, and GDPR. ISO 27001 is a globally recognized standard for information security management, which provides a framework for managing and protecting sensitive information. ISO 27701 is an extension of ISO 27001, which focuses on privacy information management. GDPR is a comprehensive data protection regulation that outlines the rules for processing personal data of EU citizens.
Benefits of Adhering to Internationally Recognized Standards for Information Governance
1. Improved Data Security: Adhering to internationally recognized standards ensures that your business implements the necessary controls to protect sensitive information. This reduces the risk of data breaches and cyber-attacks.
2. Enhanced Customer Trust: Compliance with these standards sends a message to your customers that you take their privacy seriously, enhancing their trust in your organization.
3. Competitive Advantage: Adhering to these standards can set you apart from competitors who don’t prioritize information governance. This can give you a competitive advantage in the marketplace.
4. Cost Savings: Implementing these standards can help businesses save costs in the long run. Data breaches can be costly, resulting in fines, legal fees, and loss of reputation.
Examples of Adherence to Internationally Recognized Standards for Information Governance
One company that adheres to international information governance standards is Microsoft. Microsoft is certified to ISO 27001 and ISO 27701, demonstrating their commitment to data security and privacy. Another company that prioritizes information governance is Dropbox, which is certified to ISO 27001 and SOC 2. This certification ensures that Dropbox implements the necessary controls for data privacy and security.
Conclusion
In conclusion, adhering to internationally recognized standards for information governance is crucial for businesses. Compliance with these standards provides numerous benefits, including improved data security, enhanced customer trust, and cost savings. Implementing these standards can also give businesses a competitive advantage. Businesses should prioritize information governance to protect their sensitive information and avoid costly data breaches.
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