Privacy Information Management System
With increasing concern over data privacy and compliance, businesses in Singapore should take a proactive approach in protecting personal information.
ISO/IEC 27701:2019 is such an international standard that helps organisations establish a Privacy Information Management System (PIMS) which is used for the management and protection of Personally Identifiable Information (PII).
The ISO 27701 certification is able to stand as evidence of the planetwide commitment to data privacy from the organisation and alignment to global regulations, PDPA of Singapore and GDPR of EU.
What is ISO/IEC 27701:2019 ?
ISO 27701 is an extension of ISO 27001 and the guidelines for data protection concerned with privacy management. This helps the organization to develop, monitor, analyze, review, maintain and improve their Privacy Information Management System (PIMS) while also reaching requirements of certain data protection laws and standards commonly accepted in a given industry.
This standard refers to:
- Data Controllers – Organizations that collect and manage personal data.
- Data Processors – Companies that work with personal data for other parties.
Who Needs ISO 27701 Certification? ISO 27701 is meant for:
- Companies that handle the personal or sensitive data of customers IT
- Cloud service providers and Data Centers Banks
- Fintech and Financial institutions
- Healthcare and Insurance companies
- E-commerce and Digital platforms
- Public sector organizations and government agencies.
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Frequently Asked Questions
ISO 27701 is an extension of ISO 27001 and provides guidelines for organizations focused on privacy information management. It provides guidelines for organizations managing and protecting personally identifiable information (PII) to comply with privacy compliance legislation such as Singapore’s PDPA and the GDPR.
ISO 27001 focuses upon information security protecting all types of data. 27701 builds upon 27001 but focuses specifically on data privacy and how personal data is managed. In case your organization has already implemented ISO 27001, then it can add the guidelines of ISO 27701 to further emphasize compliance to privacy.
Any organization that collects, processes, or stores personal data should consider ISO 27701, including: IT companies & cloud service providers banks & fintech firms healthcare & insurance providers e-commerce & online platforms government agencies and data processors.
ISO 27701 certification helps make organizations legally compliant with privacy laws (PDPA, GDPR, etc.); these certifications help further strengthen the privacy compliance; better data protection and risk mitigation, the time it takes customers to trust the businesses are expedited, a better image of the organization on both business and consumer fronts, helps create a stronghold in contract negotiations, minimized risks regarding data damage and penalties.
