Following an in-depth and independent information security surveillance audit, Cardinal is proud to announce that, we have been re-awarded our ISO 27001 certification, proving our dedication to ensuring the highest level of security management for our clients across the delivery of software, projects, and customer services. As regulatory requirements pressure organisations to protect their clients’ data, ISO 27001 compliance is becoming increasingly important.
Being ISO 27001 qualified shows that our company has one of the most sophisticated information security management systems (or ISMSs) are available.
ISO 27001 is an international standard that assists organisations to manage the security of their, and their clients’ information assets, and is the only auditable, international standard that defines the requirements of an ISMS. ISO 27001 provides a framework for implementing an information security management system that ensures the confidentiality, integrity, and availability of data such as financial, intellectual property, employee details, and/or information managed by third parties.
Having this certification as a company demonstrates an investment in people, processes, and technology that protects data, and that the data is sufficiently protected based on an independent, expert assessment.
The ISO 27001 standard aims to secure data via three main cornerstones:
1. Confidentiality
The protection of data and systems against unauthorised access by people, processes, and applications. This involves the use of technological controls such as multifactor authentication, security tokens, and data encryption.
2. Integrity
Verifying the accuracy and trustworthiness of data., This involves the use of processes that ensure data is free of errors and manipulation, such as ascertaining if only authorised personnel have access to confidential data.
3. Availability
Refers to the maintenance and monitoring of ISMSs. Availability includes the removal of any possible bottlenecks in security processes to minimise vulnerabilities by updating all software and hardware, boosting business continuity, adding redundancy, and minimising data loss by implementing backups and recovery solutions.
When insurance companies associate with a qualified firm, they can rest assured that they are collaborating with a partner who guarantees these three cornerstones, providing them with a sense of security and trust when it comes to data protection.
Being ISO 27001 compliant, organisations can identify and treat security threats according to the organisation’s risk tolerance. Benefits of being ISO 27001 certified include:
- Protection of your reputation from security threats
- Avoidance of regulatory fines
- Improvement of an organisations structure and focus
- Reduction of the need for frequent audits
In addition to the above, having an ISMS in place enables security operators to streamline and optimise routine security tasks and prepare for threats, helping improve the overall security of the monitoring and surveillance infrastructure.
As insurance organisations collect, store and process vast amounts of data, having a sound security system in place is of utmost importance.
Being ISO 27001 means Cardinal can assist both local and international businesses to establish, organise, implement, monitor, and maintain their security systems. It also ensures that as an InsurTech company we not only identify and manage risks effectively, consistently, and measurably internally but for our clients as well.
If you would like more information regarding Cardinal’s ISO 27001 certification, or our products, services, and offerings, please contact us here.
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