In the context of privacy information management, the procedures used by an organization for collecting, processing, storing, and deleting personally identifiable information (also known as PII) are covered.
The use of a privacy information management system ensures that organizations comply with rules such as the General Data Protection Regulation (GDPR). In the United Kingdom and the European Union, the penalties for violating data protection regulations may be severe. For example, the maximum penalties are around €17 million, equal to 4 percent of total global revenue (whichever is higher).
What are the fundamental components of the standard?
ISO 27701 is an extension of ISO 27001 Compliance Services, one of the most frequently used international standards for information security management and one of the most extensively used international standards for information security management. As a result, the new privacy controls of PIMS may be reasonably simple to integrate, especially if your organization is already familiar with ISO/IEC 27001. Other standards, such as ISO 27002 and ISO 29100, serve as foundations for ISO 27701. In addition, ISO 27701 enhances existing information security standards by including a data privacy layer.
Important considerations when it comes to ISO 27001 and PIMS include:
• PIMS introduces new controller- and processor-specific controls that assist organizations in overcoming the difficulties of privacy and security by providing a point of convergence between what may otherwise be considered two distinct functional areas. By aligning with ISO 27701, organizations can demonstrate their commitment to protecting personal information in accordance with international best practices. This can enhance trust with stakeholders and potentially open up new business opportunities in markets where data privacy is a top concern.
• When it comes to privacy, security is essential. The ISO 22701 PIMS security management system is based on the ISO 27001 compliance services management system. Therefore, this certification may only be achieved as an add-on to ISO 27001 certification and not as a stand-alone certificate. Organizations can guarantee seamless integration between their privacy management system and their current information security management system by adhering to ISO 27001. Processes can be streamlined, and overall data protection measures can be improved with this integration.
What is the significance of ISO 27701 for you?
Any organization in charge of and accountable for Personally Identifiable Information (PII) must comply with the standard since it specifies rules for handling, processing, and protecting personal information. Furthermore, it enhances the ability of an already existing ISMS to correctly handle privacy issues by supporting the organization in understanding the practical techniques required to create an effective management platform for personally identifiable information (PII).
