Khan Bank LC received ISO/IEC 27001:2022 Certification for Information Security Management System (ISMS)

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Khan Bank LC received an IAS-accredited ISO/IEC 27001:2022 Certification for Information Security Management System (ISMS). Moreover, the scope of the certification includes the Operations and Management of Information Security Covering Core Banking, Retail Banking, e-banking, Corporate Banking, SME Banking, Card Management, ATM Management, Loan Management and associated support functions like Information Technology, Data Centre Management, Risk Management, Finance, Human Resources, Physical Security, Customer Experience and Vendor Management at Head Office, Jukov Office, Seoul Street Office and Branch Offices.

Along with this, the bank can also apply for ISO 22301:2019 Certification for Business Continuity Management Systems (BCMS). Additionally, obtaining ISO 37001:2016 Certification for Anti-Bribery Management Systems (ABMS) can help organisations identify and eliminate bribery incidents. 

What is ISO/IEC 27001:2022 Certification?

The ISO/IEC 27001 certification is one of the world’s best standards for maintaining the Information Security Management System (ISMS). The International Organisation for Standardisation (ISO) has developed this standard to manage risks related to data security. It focuses on implementing appropriate tools to ensure best practices to eliminate risks and protect information assets.

ISO 27001:2022 certification offers a set of practices and controls to manage confidential and sensitive information. It provides appropriate tools for the organisation to monitor the threats and risks to their information security.

Benefits of ISO/IEC 27001 standard for Khan Bank LC

The following are the benefits of ISO/IEC 27001 for Khan Bank LC:

  • ISO 27001 certification provides a robust information security management system for the bank. Furthermore, it represents that the Khan bank LC implements appropriate controls to keep users’ information safe and improves customers’ loyalty and confidence. 
  • It provides a framework for determining and managing information security risks and threats. Moreover, the Information Security Management System (ISMS) aims to establish resilient information security systems to protect users’ private information and data. 
  • ISO 27001 certification is a standard for information security, but it is not the only standard that ensures data security. It requires Khan Bank LC to maintain compliance with all the laws and regulations, such as the General Data Protection Regulation (GDPR), to avoid fines and penalties.
  • The standard allows the Khan Bank LC to permit a person to access the relevant data. However, it also assures the users’ right to access information lies with the authorised individual. 

Conclusion Khan Bank LC has received IAS-accredited ISO/IEC 27001 Certification for Information Security Management System (ISMS). Moreover, obtaining an ISO/IEC 27001 can help the organisation achieve the desired information security while attaining its intended goals. 

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