ISO 27001: How to Plan Compliance Budgets for 2024 Efficiently

Antonia Pervanidis

3 December 2023

ISO 27001: How to Plan Compliance Budgets for 2024 Efficiently with Kertos

Introduction

In today's data-driven world, safeguarding information is a top priority. ISO 27001 certification represents a commitment to global best practices in information security management systems (ISMS), crucial for SaaS businesses and beyond. This article delves into the costs of ISO 27001 certification and explores various approaches, highlighting how Kertos can facilitate this process efficiently.

Understanding ISO 27001 and Its Financial Implications

ISO 27001 offers a structured approach to managing sensitive company information, focusing on confidentiality, integrity, and availability. The journey toward ISO 27001 certification includes stages like initial assessment, control implementation, certification, and maintenance. Businesses need to comprehend these stages and their costs for effective budget planning.

ISO 27001 Certification Cost Overview

Achieving ISO 27001 certification typically involves costs ranging from €25,000 to €200,000, influenced by company size and existing security measures. The certification process is divided into two main audits: Stage 1 (documentation) and Stage 2 (certification), with costs between €14,000 and €16,000.

Options for ISO 27001 Certification with Kertos

  1. DIY Using Internal Team: Utilize an internal team for the certification process. This cost-effective approach requires significant time investment and leads to opportunity costs.
  2. External Consultants: Consultants like Kertos offer expertise in policy creation, risk assessment, and more, with costs starting at €10,000 and a typical duration of 5 months.
  3. Technology and Automation with Kertos: Kertos provides innovative technology solutions that automate many aspects of achieving ISO 27001 compliance, offering a cost-effective and time-saving approach.

Practical Tips for Efficient ISO 27001 Budget Planning

  • Conduct a Thorough Risk Assessment: Identify potential risks to prioritize critical areas, allowing for focused and cost-effective implementation.
  • Understand Your Current Position: Assess existing security measures to identify areas for improvement.
  • Phased Implementation Approach: Implement ISO 27001 in phases to spread out costs.
  • Seek Expert Guidance: Utilize Kertos's expertise to streamline the compliance process and identify cost-saving opportunities.

Preparing for 2024: A Timeline for Success

Plan a timeline with clear milestones and review points throughout the year. Early planning allows for necessary adjustments, keeping your organization on track for 2024 compliance.

The Road Ahead with Kertos

Efficient budget planning for ISO 27001 compliance with Kertos involves strategic consideration and planning. By leveraging Kertos’s solutions and expert guidance, organizations can navigate the compliance landscape effectively.

Explore Kertos’s Solutions

Kertos offers tailored solutions for businesses seeking to streamline their ISO 27001 compliance journey. Visit Kertos’s website to discover how we can assist in planning your compliance budget efficiently.