Privacy Information Management System (PIMS) – ISO 27701 is a data privacy extension to ISO 27001. This standard provides the framework for organizations looking to put in place a system to support compliance with data privacy requirements. ISO 27701, also referenced as PIMS (Privacy Information Management System), outlines a framework for Personally Identifiable Information (PII) Controllers and PII Processors to manage data privacy
What is 27701?
ISO 27701 is the first international standard that deals with privacy information management. The standard will assist organizations to establish, maintain and continually improve a Privacy Information Management System (PIMS) by enhancing the existing ISMS. It can be used by all types of organizations irrespective of their size, complexity or the country they operate.
Why ISO 27701?
This standard is essential for every organization that is responsible and accountable for Personally Identifiable Information (PII) as it provides requirements on how to manage and process data and safeguard privacy. There are more advantages:
- Improved performance of privacy management and rigorous control over the PII processing life-cycle.
- Reduced risks and costs related to data privacy breaches, regulatory fines, and legal liabilities.
- Identifies and encourages more efficient and time-saving processes for managing data subject requests and privacy impact assessments (PIAs).
- Provides and maintains business growth by establishing a strong foundation for cross-border data transfers and compliance with global privacy regulations (such as GDPR and local privacy laws).
- Improved organizations performance through clear privacy roles, responsibilities, and standardized controls.
- Improved quality of products and services by embedding “Privacy by Design” and “Privacy by Default” into operational workflows.
- Realized long-term investment opportunities by building elevated customer trust and enhanced brand reputation.
- Improved communication and relation among departments, aligning IT, cybersecurity, legal, compliance, and human resources teams.