Can ISO 27001 help lower the expenses caused by incidents?

ISO 27001 is designed to establish, implement, maintain, and continually improve an information security management system (ISMS). By following the framework provided by ISO 27001, organizations can identify and assess risks to their information assets and implement appropriate controls to mitigate those risks.

The correct assertion that it can help prevent incidents at a lower cost is grounded in the proactive nature of the standard. By implementing security controls and best practices, organizations reduce the likelihood of security breaches, data loss, and other incidents that can lead to significant financial losses, including costs related to recovery, legal liabilities, and reputational damage.

Investing in an ISMS aligned with ISO 27001 helps organizations take a systematic approach to managing sensitive information. This foresight allows them to address vulnerabilities efficiently, often resulting in lower overall costs associated with potential incidents in the long run. The focus of continuous improvement ensures that organizations can adapt their strategies based on emerging threats, thus potentially lowering expenses related to incidents over time.