Benefits of ISMS
In addition to a system which aims to ensure confidentiality, integrity and availability, an effective information security management system provides a framework to improve:
Competitive advantage in business dealings
Business and market opportunities through increased management capability and efficiency
Strength company’s image
Increase the efficacy and efficiency of business processes
Sharing information with other organizations in a secure manner
The system of working and act as per the rules and regulations
Ensures that confidential information is secure
ISMS provides benefits to the organization by curbing:
Loss in business through loss of critical commercial information
Exposure to legal actions for confidentiality breaches or supply of inaccurate information which leads to damages
Vulnerability associated with IT
Losses through technical accident, ineptitude or malfunction
Losses through fire and flood
Losses through denial of service, hacking, computer viruses or other forms of organizational sabotage
Losses as a result of links with faulty or insecure systems e.g. Partners or suppliers
increased credibility and trust, improved partner, customer and stakeholder confidence, organizational and trading partner assurance, demonstration to competent authorities that the organization observes all applicable laws and regulations, competitive advantage and market differentiation and reduced regulation costs.