ISO 27701, officially known as “Extension to ISO / IEC 27001 and ISO / IEC 27002 for privacy information management – Requirements and guidelines” is an international standard for information security management focused on information privacy. This standard was developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) and was officially published in 2019.
The ISO 27701 standard is designed for organizations of all sizes, from small businesses to large corporations. It is particularly useful for organizations dealing with large volumes of personal data or particularly sensitive information. This includes, but is not limited to, companies in the healthcare, financial services, education, technology, and government sectors.
ISO 27701 provides organizations with a framework for creating, implementing, maintaining, and continually improving Privacy Information Management Systems (PIMS). Implementing this standard helps organizations better manage privacy risks, protect personal data, and instill trust in stakeholders.
Here are some key benefits of implementing ISO 27701:
- Data control and protection: ISO 27701 helps organizations gain more control and protection over personal data by providing clear guidance on best privacy management practices.
- Compliance with legislation: ISO 27701 helps organizations comply with various legislative and regulatory requirements regarding privacy, such as the European Union’s General Data Protection Regulation (GDPR).
- International recognition: Since ISO 27701 is an international standard, compliance with it can affirm an organization’s commitment to data protection on a global level.
- Risk reduction: Implementing this standard can help organizations identify, assess, mitigate, and avoid privacy-related risks.
Overall, ISO 27701 is an important tool for organizations, aiding them in managing information privacy, fostering greater stakeholder trust, ensuring legislative compliance, and improving their overall risk management strategies.