ISO 27001 Certification in Myanmar is a global standard for information security management. Since its inception in the late 1990s, it has become the norm for ISO 27001 certification. Implementing ISO 27001 certification in your firm can result in various benefits, including higher data security, compliance with industry standards, and improved management of information assets.

What is the cost of obtaining ISO 27001 Certification in Myanmar?

Most of my time these days is spent discussing ISO 27001 Certification in Myanmar and various sorts of “attestation” with firms who process data on behalf of others, demonstrating that they are treating client data adequately and appropriately. ISO 27001 Certification in Myanmar is a popular topic, and Pivot Point Security is a devoted supporter. Prospective consumers always inquire, “How much do you estimate it will cost to obtain an ISO 27001 Certification in Myanmar?”

It isn’t easy to estimate the cost of a 27001 certification because there are so many variations. For example:

• The physical and logical scope of the ISO-27001 certification depends on the company’s size.
• The current level of advancement of the Information Security Management System (ISMS)
• The contrast between the current state of affairs and how things should be.
• The internal capacity to construct the ISMS and close the identified gaps.

How quickly must the certificate be issued?

Nevertheless, we can generate a ballpark estimate of how much ISO 27001 Certification in Myanmar could cost in their context. We spend a great deal of time researching the topics above, but we also apply what we’ve learned from assisting clients with certification over the past three or four years.

Considering all of these projects, the “typical” client resembles the following:

• 75 employees
• Processes sensitive data requiring compliance with PII/PHI laws and regulations.
• Put their services in two separate data centres simultaneously.
• SaaS is a critical component of their offerings.

It has a controlled environment that outsiders have evaluated in the past, but it is still young and incompletely documented. Hence its Capability Maturity Level is Low.

• Model (C.M.M.) rating of 2
• Possesses a “C.S.O.” who is highly technical but has limited knowledge of ISO 27001 Certification in Myanmar and ISO 27002. (i.e., a C.I.S.S.P as opposed to a C.I.S.A or CISM)
• Clients frequently need ISO 27001 Certification in Myanmar certification for third-party verification.
• Within a year, he must obtain a certificate (without too much difficulty for “business as usual”)
• I need a significant amount of ISO 27001 Certification in Myanmar consultancy to prepare for the certification audit.

Assuming the preceding is mainly accurate, the “external” costs to obtain ISO 27001 Certification in Myanmar may look as follows:

• The cost of Phase I of precertification is $20,000 (e.g., Scope Definition, Risk Assessment, Risk Treatment Plan, Gap Assessment, Phase II Remediation Plan)
• Phase II of Precertification: $18,000 (for closing gaps, choosing a registrar, making ISMS artefacts, forming a risk management committee, responding to an incident, conducting an internal ISMS audit, and helping with an on-site certification audit).
• Certification audit: $10,000
• The total price of the ISO 27001 Certification certificate is $48 000

To maintain your certification, you must undergo a “surveillance” audit in years two and three. Additionally, it would help if you did an Internal ISMS Audit annually. The “average” corporation typically employs a third party for this task. Here are your expected expenses for the next two to three years:

Surveillance Audit: $7,500

$7000 for an internal ISMS audit

Caution: Your costs may vary significantly. Precertification consulting has cost our clients anywhere between $5,000 and $70,000. In my estimations, I selected $1,500 per person-day because I’ve observed fees for “actual” ISO-27001 consultants ranging from $1,400 to $1,800 per day.

Why should you choose Factocert for your ISO 27001 certification in Myanmar?

You desire ISO 27001 certification in Myanmar. Factocert is Myanmar’s premier provider of ISO Certification services. Factocert can assist you in locating the most trustworthy ISO 27001 providers in Myanmar. This will enhance your firm’s reputation while giving you the most efficient information security management system imaginable.

The financial security of an organization is crucial, and ISO 27001 will ensure that the organization is secured from any internal or external attack. Regardless of the organization’s size, cyberattacks were relatively frequent. Our solutions are described in greater detail at www.factocert.com. Please send an email to [email protected] to get in touch with us.