What is ISO/IEC 27071:2019 ?

ISO/IEC 27071:2019 is an international standard that outlines a systematic approach to managing information security incidents. It is developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) and has the primary purpose of assisting organizations in establishing and implementing effective information security incident management processes.

ISO/IEC 27071:2019 is an essential standard for organizations operating in the financial services sector, where the widespread use of digital technologies has increased the demand for ensuring the security and integrity of sensitive information. Adopting this standard can proactively address potential security threats, comply with legal regulations, and enhance customer trust.

The primary components of ISO/IEC 27071:2019 include:

1. A proactive risk management approach: The standard emphasizes the importance of identifying and assessing potential risks before they become security incidents.

2. Incident management capabilities: The standard outlines the steps organizations should take to detect, respond to, and recover from security incidents.

3. Continuous improvement: The standard emphasizes the importance of continuous improvement in incident response capabilities, including the need for regular reviews and assessments.

ISO/IEC 27071:2019 is an essential standard that can help organizations in the financial services sector proactively address potential security threats and enhance customer trust. By adopting this standard, organizations can ensure the security and integrity of sensitive information and comply with legal regulations.