Financial Institutions Increasingly Demand ISO 27001
The largest financial institutions are recognizing the value in ISO 27001 certification, and many are now starting to require it of their partners. In a recent article in Finance Magnates, Victor Golovtchenko, Senior Editor, wrote of the increased adoption of the ISO 27001 standard in the foreign exchange and derivative trading industries. In his article, several senior executives within the financial services industry share why alignment with ISO requirements is becoming increasingly important.
At Infina we’ve seen adoption of ISO 27001 as a vendor requirement spread to across a variety of industries for a number of reasons:
International Recognition - There are many published information security standards and frameworks available to serve specific needs. Multi-national organizations value the internationally recognized ISO 27001 standard is widely accepted across the globe.
Comprehensive Coverage - ISO 27001 provides a framework that addresses a broad array of information security processes and demonstrates an organization’s commitment to information security.
Independent Assessments - Obtaining and maintaining ISO certification means having your information security management function evaluated by an independent assessor. This provides greater assurance that information security processes are being followed consistently by the organization.
