We’re now ISO 27001 certified! Here’s all you need to know.

We’re now ISO 27001 certified! Here’s all you need to know.

TransformHub is proud to announce that we are now ISO 27001 certified – this makes us one of the limited companies in our industry to meet the highest internationally recognized security standard.  

Since our company is dedicated to helping businesses interact and engage with customers across the world with utmost safety and security, this ISO accreditation proves to be a feather in our hat. The solutions we offer are focused on Strategy, Experience and Technology, and we are happy the ISO 27001 certification puts a stamp of approval on what we strongly stand for.

But what’s ISO 27001?

ISO 27001 is the international standard specifically meant for the Information Security Management Systems, as per which, a company is required to pursue a systematic approach for controlling sensitive information and maintaining data security.

The British Standards Institution - the national standards body of the United Kingdom - states that 

“ISO/IEC 27001 can help protect your organization and mitigate risk by putting in a robust and systematic approach to managing information. The benefits that businesses can expect are:

What does being ISO 27001 certified mean? 

Being ISO 27001 certified means that TransformHub comprises the best in industry information security management system. We have gone through a diligent audit and structured certification process with the British Assessment Bureau. Our certification is an acknowledgement to having successfully met the required compliance standards followed internationally. On an ongoing basis, TransformHub to have period Internal and External Audits on the entire Organizational Functions.

What does being ISO 27001 certified mean to us?

Nischal Tanna, TransformHub CEO says, 

“The customers, businesses or stakeholders we work with want to be certain that their information shared stays in the safe hands, and there is nothing more we could want for them. We have always ensured that we are not putting them or their businesses at risk in this technologically powered world. With this certification of ISO 27001, we show our commitment to have appropriate safeguards to protect our partners’ critical information and business assets.”

What does ISO 27001 certification mean for TransformHub customers?

Our ISO 27001 certification is a proof that we value data security and also ensure that risks and vulnerabilities are assessed in time and nipped in the bud. Given that we are compliant with the highest standard for information security, we pursue operational excellence in our processes. 

TransformHub has a number of valuable Financial and Retail customers, and we want to leave no stone unturned to ensure that we are withstanding the utmost standards of security for people, processes and technology when it comes to financial institutions. 

ISO 27001 is important to Financial Institutions - but why?

ISO 27001 certification brings value to financial institutions because it is a proof of commitment to information security management and a hallmark of security across the delivery of software, projects and customer services to Financial Institutions.

When banking, financial services and insurance institutions work with a certified company like ours, they can be sure that they are partnering with a consultant that guarantees:

• Genuine information and knowledge
• Data integrity, availability and protection
• Protection of company assets
• Continuity of business 
• Compliance with legal and industry regulations
• Confidentiality and credibility
• Meeting international standards of security 

How does ISO 27001 ensure cyber security for the BFSI Industry?

It cannot be denied that the amount of data electronically stored is overwhelming, and it is only going to increase as we go. This has led to the increase in cases of cyber attacks. ISO 27001 secures organizations of all sizes by providing a framework that safeguards confidential and sensitive data.

However, the BFSI industry can make the most from ISO 27001 certification, as they have a humongous database of personal information from their clients, which needs to remain safe. When that critical information on credit, social security and more is stored electronically, the risk of data leak or becoming an easy target for the cyber hackers multiplies manifold. 

To avoid this risk, banking, financial services and insurance sectors tend to avail the services of companies who can support them in their commitment to keep the client information safe and secure.

Now let’s understand the ISO 27001 framework in depth.

How does ISO 27001 work?

The main focus of ISO 27001 is to protect three aspects of information:

• Confidentiality: access to information must reside with the authorized persons only
• Integrity: right to change the information must reside with the authorized persons only
• Availability: information must be accessible whenever needed to authorized persons

Now we know, ISO 27001 protects the confidentiality, integrity and availability of important client and company information. This is done by identifying potential problems, and that is called risk assessment. It then helps define what measures can be taken to prevent such problems from occurring and mitigating the threat, that is, risk treatment. Further to this, the systematic measures to implement security controls are carried out, that is, safeguarding. The companies are required to document all the control measures in the Statement of Applicability

ISO 27001 FRAMEWORK

Risk assessment and treatment > Safeguard implementation > Statement of applicability

Given that ISO standardized the manner in which information security is managed across organizations, it ascertains a robust risk management framework with a top-down approach. As per this, anyone holding a position up in the hierarchy to someone in the control room has role appropriate information and security knowledge.

ISO 27001 being an international standard certification, it is easily recognized all around the world. This leads to an increase in business opportunities for organizations and professionals. 

How, you ask?

With this certification, businesses can affirm their security status to customers and clients, gaining trust and credibility. For companies that outsource third-party management and procurement processes can instill confidence in the security of a business's supply chain.

endeavor to deliver cutting-edge innovation, we have come up with carefully vetted services and solutions for your business. We are transforming traditional banking and BFSI functions to ‘all things digital’ by creating top-notch financial applications. Our gamut of services also includes Digital Transformation, Product Engineering, DevOps, Cloud Engineering, and Data and Analytics.

For additional details on how we can elevate your company’s brand, connect with the specialists at TransformHub at sales@transformhub.com