ISO 27001 certification involves several stages, each with its own associated costs.
Preparation stage
This initial phase may involve purchasing the ISO 27001 standard and familiarising yourself with the guidelines. This could require investing in training or hiring a consultant to help your organisation understand the standard’s complexities.
A key part of this stage is performing a gap analysis of your ISMS. This analysis should identify areas that require improvements to meet the standard’s criteria.
At this stage, you may also want to consider penetration testing to determine your IT systems’ robustness against potential threats. This will involve additional costs, but companies such as Ascentor offer fixed-price packages.
Documentation review and internal audit (Stage 1)
This phase might demand the greatest investment of finances, time and resources.
The creation, review and updating of all the necessary documentation are all critical components of ISO 27001 compliance.
The internal audit is also a key part of the path to successful certification. The purpose of the internal audit is to identify any areas of non-compliance or opportunities for improvement within the ISMS.
If your organisation doesn’t have the internal know-how, you may decide to hire a consultant or enlist a third-party service to conduct an internal audit.
This external expertise can provide an unbiased assessment of your system but will contribute to costs.
In addition, costs may be involved after the audit in ensuring your ISMS meets ISO 27001 standards.
Certification audit (Stage 2)
The final stage is the certification audit, which should be conducted by an accredited certification body.
Your ISMS’s compliance with the ISO 27001 standard will be rigorously evaluated by its auditor, who will then successfully certify you if all requirements are met.
There can also be costs associated with using certification logos and branding, which can vary depending on the certification body.
Read our ultimate guide to ISO 27001.