This is one of those Questions I get from the client. To their disappointment, I am unable to give the figure right off to them – here is the reason. First of all Implementation will be based on the size of your company or how big the company unit(s) which will be included in the ISO 27001 scope, the degree of criticality of data as an example, data in banks is considered more critical and needs a high degree of security, the technologies the company is currently using as an example, the data centers generally have higher costs due to their complex systems and also the law’s requirements (normally the financial and government sectors are heavily regulated with respect to data security. You will not be able to calculate the costs before you understand which level of security you need – because such analysis will let you know which safety measures are required. When you know the outcomes of Risk assessment, you will have to take into consideration the following prices:
- Literature expense and training
Implementation of ISO 27001 Requires changes and requires new skills. You may prepare your employees by purchasing a variety of books on the topic and/or sending them to classes online or in-person – the length of these courses varies from 1 to 5 times. And do not forget to get the ISO 27001 standard – I run across businesses without seeing it implementing the standard.
- The cost of external assistance
Unfortunately, training your Employees is not sufficient. If you do not have a project manager with profound knowledge in iso 27001 training implementation, you will want somebody who does have such knowledge – you can hire a consultant or find some online alternative this is what we do in Information Security & Business Continuity Academy. Someone’s value With expertise helping you is that you will not wind up – months and spending weeks doing tasks that are not really necessary or developing a great deal of documentation. And that costs. Be careful here do Not expect the adviser to perform the implementation for you – ISO 27001 can be implemented by your workers.
- The expense of technology
It might seem funny, but most with did not require a significant investment in software hardware or anything similar. The biggest challenge was usually the way to use current technology in a more secure manner. But you do need to plan Investment if it turns out to be necessary.
- The cost of workers’ time
The standard is not currently going to implement itself, neither is it executed by a consultant only (f you hire one). Your employees need to spend some time figuring out where the dangers are, the way to improve current policies and procedures or implement new ones, they must take some time to train themselves for new responsibilities and for adapting to new rules.