Security compliance (and particularly ISO 27001) is like the project in school you had the whole year to complete — and ended up starting in a panic the night before.
Given the time, resources, and complexity of completing the certification, it’s one of the things startup founders are most likely to put off for a later date in favour of growth-focused tasks like sales and product development.
What many don’t realise is that security compliance not only has a big impact on your company’s resilience to security breaches and data leaks but also your bottom line.
According to the UK’s Cyber Security longitudinal survey, it’s not the potential for cyberattacks that’s driving SMEs to obtain security compliance. Instead, more and more are finding that it’s become a contractual requirement to work with public sector bodies and large companies.
With cyberattacks on the rise across the UK, established brands are becoming much more vigilant about who they decide to do business with. In some cases, meeting security compliance criteria is essential just to bid on a contract.