Certification to ISO 27001 can be a great way to improve the security of your business. ISO 27001 is an internationally recognized standard that provides a framework for managing information security risks. However, it can be expensive to get certified. In this blog post, we will discuss the cost of ISO 27001 certification and how you can get the most value for your money!
Steps Involved in the ISO 27001 Certification process
The first step is to prepare your organization for ISO 27001 certification. This includes implementing the necessary security controls and procedures and documenting them in an information security management system (ISMS). The cost of this phase will vary depending on the size and complexity of your organization, as well as the number of security controls you implement.
The next step is to implement your ISMS and put it into practice. This includes training your staff on the new security procedures, conducting risk assessments, and auditing your system to ensure it is compliant with ISO 27001. The cost of this phase will again depend on the size and complexity of your organization, as well as the number of staff you need to train.
The final step is to get certified by a certification body. You will have to register for the certification process and pay a fee. The cost of this phase will depend on the certification body you choose and the country in which you are located.
How Cost Varies for a Small, Medium, and Large Organization?
The cost of achieving ISO 27001 certification will vary depending on the size and complexity of your organization. For small businesses, the investment required to achieve certification may be relatively low. However, for larger organizations, the costs can be considerable. The reason for this is that larger organizations will typically have more employees and more complex systems in place. As a result, they will need to invest more time and resources in order to meet the requirements of the standard. In addition, larger organizations may also be required to pay more for certification due to the increased risk they pose.
Various Costs Involved in Getting ISO 27001 Certified
There can be various costs involved in getting ISO 27001 certified. These costs can result from the following:
ISO 27001 Standard Requirements:
There is a cost associated with the ISO 27001 standard itself. The standard can be purchased from the ISO website or from a number of other sources. The cost is typically around $200 USD.
ISO 27001 Training
In order to obtain ISO 27001 certification, your organization will need to provide ISO 27001 training to its employees on the requirements of the standard. This training can be provided internally or externally, and the cost will vary depending on the approach you take.
If you decide to use a consultant to help you with your , you can expect to pay for their services. Consultants typically charge by the day or by the hour, and their fees can range from a few hundred dollars to several thousand dollars depending upon their experience and the scope of work.
In order to meet the requirements of ISO 27001, your organization will need to have certain infrastructure in place. This includes things like an information security management system (ISMS), security policies and procedures, and adequate physical and logical security controls. The cost of this infrastructure will vary depending upon the size and complexity of your organization.
Before you can be certified to ISO 27001, you will need to have a gap analysis performed (Optional). This is an assessment of your current security posture against the requirements of the standard. Gap analyses can be performed by internal staff or by consultants, and the cost will vary depending upon the approach you take.
Penetration test and vulnerability assessment
(Optional). As part of the certification process, you may be required to have a penetration test and vulnerability assessment performed. This is an assessment of your system's security controls to identify any weaknesses that could be exploited by an attacker. The average cost of a penetration and vulnerability assessment test is $1,500 - $3,000 USD.
Audit and Certification Fees
Once you have completed all the necessary requirements, you will need to have an audit performed by a certification body. The cost of this audit will vary depending upon the certification body you choose and the scope of work. After the audit is complete, you will be responsible for paying the certification fees, which can range from a few hundred dollars to several thousand dollars depending upon the certification body.
After you have been certified to ISO 27001, you will be required to have surveillance audits performed on a regular basis ( typically once per year). The price for these audits can range from $5,000 to $20,000 per audit.
Every three years, you will be required to go through the entire certification process again (initial certification + surveillance audits). The price for re-certification audits can range from $10,000 to $50,000.
Factors Increasing the Cost of ISO 27001 Certification
There are a number of factors that can increase the cost of ISO 27001 certification. One is the size of the organization seeking certification. Larger organizations may need to hire additional staff or consultants to help with the certification process, which can increase costs. Additionally, the geographical location of the organization can also impact costs. Organizations in countries with higher labor rates may need to pay more for consultants and other staff involved in the certification process. Finally, the level of experience and expertise of the staff working on the certification can also impact costs.
Tips for Saving Money on Certification
1. Do your research
Before you even start the process of becoming ISO 27001 certified, it’s important to do your research and understand what the certification entails. This will help you budget for the costs associated with certification and avoid any unexpected expenses.
2. Hire an experienced consultant
One of the best ways to save money on certification is to hire an experienced consultant. A consultant can help you with the entire process, from understanding the requirements to putting together your documentation. This can save you a lot of time and money in the long run.
3. Use an online self-assessment tool
If you’re looking for a more affordable option, you can use an online self-assessment tool. These tools can help you assess your readiness for the certification and identify any areas where you need to improve.
4. Get quotes from multiple providers
When it comes to choosing a certification body, it’s important to get quotes from multiple providers. This will help you compare costs and find the most affordable option.
5. Negotiate payment terms
Once you’ve selected a certification body, try to negotiate payment terms that are favorable to you. For example, you may be able to get a discount if you pay for the entire certification process upfront.
6. Understand the costs of non-compliance
One of the best ways to save money on the certification is to understand the costs of non-compliance. If you don’t meet the requirements of the standard, you could be subject to fines or other penalties. This can cost your business a lot of money in the long run.
By following these tips, you can save money on the certification without compromising on quality. With a little bit of planning, you can ensure that your organization is compliant with the latest standards at a fraction of the cost.
The cost of getting ISO 27001 certified can vary depending on the size and complexity of your organization, as well as the number of sites and locations you have. However, the benefits of certification, such as improved security and increased customer confidence, can far outweigh the costs. If you are interested in getting ISO 27001 certified, you can contact a certified consultant or certification body to get more specific pricing information.