The world of data privacy is constantly evolving, and so are the standards that govern it. Get ready for a significant shift in privacy information management: the new ISO/IEC 27701 standard is on the horizon, expected to be released around March 2025. This updated version brings a game-changing development: the Privacy Information Management System (PIMS) will become a stand-alone system, independent of ISO/IEC 27001. This blog post will break down what this means for your organisation and how you can prepare.
The biggest change in the upcoming ISO/IEC 27701 standard is the decoupling of the PIMS from ISO/IEC 27001. In the 2019 version, implementing a PIMS was tied to having an existing ISO/IEC 27001 Information Security Management System (ISMS). This is no longer the case.
This shift reflects the growing importance of data privacy as a distinct discipline. By making the PIMS standalone, the ISO/IEC aims to:
–Increase Accessibility: Make robust privacy management more accessible to organisations of all sizes, regardless of their information security maturity.
–Focus on Privacy: Allow organisations to focus specifically on privacy risks and controls, without the prerequisite of a full ISMS.
–Reflect Industry Best Practices: Align the standard with evolving best practices in data privacy management.
With the new standard on its way, now is the time to start preparing. Here are some key steps you can take:
Assess your existing privacy policies, procedures, and controls to identify any gaps.
Ensure your documentation reflects the standalone nature of the PIMS and clearly defines roles and responsibilities related to privacy management.
Adapt your risk assessment and management processes to specifically address privacy risks.
Keep up-to-date with the latest developments regarding the ISO/IEC 27701 standard and any guidance released by ISO.
The ISO/IEC 27701 standard is designed for any organisation that processes Personally Identifiable Information (PII), including:
The upcoming ISO/IEC 27701 standard represents a significant step forward in data privacy management. By embracing the standalone PIMS, organisations can demonstrate a strong commitment to protecting personal information and building trust with their stakeholders. Don’t miss the opportunity to enhance your privacy strategy and lead the way in data protection – contact Risk Associates today!