What is EN ISO 27139:2011?

Introduction

EN ISO 27139:2011 is a technical standard that relates to the management of financial services using information technology. It provides guidelines and best practices for organizations in the financial sector to ensure the security and integrity of their data, as well as the confidentiality and availability of their services.

Key Features

Scope and Application

The standard defines the scope and application of EN ISO 27139:2011. It applies to all organizations in the financial industry, including banks, insurance companies, and financial service providers. The guidelines specified in the standard help these organizations in managing their information systems and technology infrastructure securely.

Risk Management

EN ISO 27139:2011 places a significant emphasis on risk management. It requires organizations to identify and assess risks related to their information systems and implement appropriate controls to mitigate those risks. This includes establishing procedures for risk identification, evaluation, treatment, monitoring, and review.

Information Security Controls

The standard provides a comprehensive set of information security controls to protect financial organizations' information assets. These controls cover various aspects, such as access control, secure communication, system development, change management, incident management, and business continuity planning.

Benefits and Adoption

EN ISO 27139:2011 offers several benefits to organizations in the financial sector. By implementing the standard's guidelines and controls, organizations can enhance the reliability, resilience, and security of their information systems. This helps in building trust with customers and stakeholders, ultimately leading to increased customer satisfaction and competitive advantage.

The adoption of EN ISO 27139:2011 has gained momentum in recent years, as financial organizations recognize the need for robust information security practices. Compliance with this standard not only ensures compliance with regulatory requirements but also demonstrates a commitment to safeguarding sensitive financial and personal data.

In conclusion, EN ISO 27139:2011 is a vital standard in the financial industry that addresses the unique challenges of managing information technology. Its guidelines and controls enable organizations to protect their data, ensure reliable service delivery, and manage risks effectively. By embracing this standard, financial institutions can strengthen their security posture and gain a competitive edge in today's digital landscape.