All FSA regulated firms could benefit from certification to the ISO 27001 standard.
Data security is a requirement of the FSA and in their document “Data Security in the Financial Sector – Firms’ controls to prevent data loss by their employees and third-party suppliers“, ISO 27001 is discussed in ‘3.1.2 Benchmarking’.
It also comments “it was interesting to observe that even some of the largest firms had not obtained certification to this standard”.
An ISO 27001 certified management system demonstrates a commitment to Information Security and identifies controls that might not already be in place. Auditing the system also ensures continual improvement.
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