ISO27701 is an international standard for privacy information management. It is an extension of ISO 27001 Information Security Management and ISO 27002 Security Controls. The standard works as a guide providing organizations framework on ways to manage personal information, and assists in achieving compliance with various international data privacy standards globally. Adhering to this standard is considered as following the industry best practice for data privacy. The standard outlines a detailed framework that can be used as a checklist to comply with various international data privacy regulations like the EU GDPR. The standard helps organizations maintain effective privacy and information security program that promotes data privacy, security and risk management. Holding an ISO27701 Certification demonstrates the organization’s focus and commitment towards data privacy and security that is aligned with the compliance requirements of various privacy laws.
Any organization dealing with personal data and is required to comply with data privacy laws should go for an ISO27701 Certification.
An ISO27701 Audit cost for an average-sized company starts at $7500. Pricing for an ISO27701 Audit usually depends on several factors, including the Scope of Audit, Business Applications, Technology Platforms, Number of Locations, and other additional services.
On average it takes 8-12 weeks to complete an ISO27701 Audit. However, the timeline also greatly depends on the time taken for implementing the remediation suggested in the gap analysis.
You will receive ISO27701 Audit reports documenting the details of the effectiveness of the Organization’s system and controls. The report will detail information about how your client information is maintained securely with all necessary security and privacy controls in place.
ISO27001 certification is only valid for 3 years. But, requires yearly compliance audits to be done.
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