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Discover How Much Does the ISO 27001 Certification Cost by Asking Pro Consultant

Compliancehelp Consulting LLC is the premier provider of ISO consulting services in the US. They offer complete certification services for a wide range of ISO standards, including the ISO 9001, the ISO 14001, the ISO 17025, the ISO 27001, and beyond. Visit https://www.quality-assurance.com

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Discover How Much Does the ISO 27001 Certification Cost by Asking Pro Consultant

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  1. Discover How Much Does the ISO 27001 Certification Cost by Asking Pro Consultants

  2. Introduction Two of the biggest concerns of the modern corporate world are regulatory compliance and cybersecurity. In 2022, the average cost of data breaches was $9.44 million in the US. As a result, the ISO 27001 had an exceptional 24.7% increase in worldwide certification. Modern companies seek the best ISO 27001 certification consultants for a more robust security framework for their clients. However, the ISO 27001 is not cheap and can cost you thousands of dollars in just over a few months. Therefore, getting estimation before jumping into the process is a clever idea. So, continue reading as the following section will present a complete breakdown of the ISO 27001 certification costs for small businesses!

  3. Estimating The Cost of The ISO 27001 Certification with Help from Pro Consultants Obtaining the ISO 27001 certification is a multi-stage process. Each stage includes different costs based on company size, process complexities, and certification method. Here is a breakdown of the estimated cost of the ISO 27001 for a small company with around 50 employees. The Readiness Stage: During this stage, your company will define the scope of the Information Security Management System, conduct risk assessments, implement controls and policies, and mitigate risks. You will be responsible for preparing a Statement of Applicability, summarizing the implemented controls, justifying the rules you did not execute, outlining a risk treatment plan, providing team training, and conducting internal audits.

  4. The cost of this stage can vary vastly, ranging from $10,000 to $40,000 and beyond. The expenses depend on whether you complete the stage yourself, or with the assistance of ISO 27001 certification consultants or software. • Option 1: DIY To complete the first stage yourself, you will need an in-house team of analysts and ISO experts. This can cost you an estimated $24,583 to $39,333. • Option 2: Consultants With a consultancy, you may have to spend around $30,000 to get through the first stage.

  5. Stage 1 And 2 Audit Cost: The Stage 1 audit primarily focuses on documentation, while Stage 2 is the final certification audit. Hiring an auditor for these states can cost a small business between $14,000 and $16,000. The fees of the auditor depend on their reputation and experience. If you are a small start-up, it is best to stick to your budget when hiring an auditor. Only ensure the auditor is accredited and has experience collaborating with companies like yours.

  6. Surveillance And Recertification Audit At this stage, you would have obtained the ISO 27001 certification and consider surveillance audits annually. These less intense audits can cost you between $6,000 and $15,000, while recertification can cost as much as the initial certification process. Putting It All Together If you sum up the expenses, achieving the ISO 27001 certification can cost you between $57,583-78,333 if you choose to DIY it. However, with professional ISO 27001 consultants, the cost can fall between $66,000-69,000.

  7. Bottom Line Initially, it may seem like hiring ISO 27001 certification consultants will make your certification more expensive. However, maintaining an in-house team can double your budget. Therefore, it is best to get a few estimates from professional consultants first.

  8. About The Company Compliancehelp Consulting LLC is the premier provider of ISO consulting services in the US. They offer complete certification services for a wide range of ISO standards, including the ISO 9001, the ISO 14001, the ISO 17025, the ISO 27001, and beyond.

  9. Contact Us Compliancehelp Consulting, LLC 5686 South Redwood Rd, 84123 Salt Lake City, Utah United States 877-238-5855 info@quality-assurance.com https://www.quality-assurance.com

  10. THANK YOU

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