Elgin White, a leading global provider of asset and wealth management business consultancy services, has achieved ISO 27001 certification. This award proves Elgin White’s commitment to ensuring the best possible protection for its clients, employees, and partners against ever-present — and always evolving — cyber and information security threats.
Recognized as the international standard for information and data security, ISO 27001 provides a robust framework for Information Security Management Systems (ISMS), with specific focus on confidentiality, integrity, and availability of information. ISO 27001 conformity assures Elgin White stakeholders that the firm’s security framework is both complete and rigorous.
The escalating frequency and complexity of data security and cyber threats means that information security remains a significant risk for financial institutions, and those who serve them. The severe impact of a cyber attack, information or data breach has earned information and cyber security risk a rank of four (out of 34) in the Global Risks Report 2024 published by the World Economic Forum. The report urges firms to prioritize efforts to combat information and cyber risk, which is expected to retain a top ten ranking for ten or more years.
To achieve ISO 27001 certification organizations must undergo a comprehensive independent audit that tests the implementation of processes and security controls to ensure information is protected and meets the stringent requirements set forth by the International Organization for Standardization (ISO). Applicants must demonstrate a systematic and documented approach to protecting and managing sensitive company and client information including intellectual property, employee and client data, financial information, and data entrusted to it by third parties.
According to Stan Drasky, Managing Director at Elgin White: “The secure management of data and information systems has always been at the forefront of Elgin White’s ethos, strategy, and daily practices. As new threats emerge, and technologies evolve we are continually reviewing and refining our information security management systems to ensure the reliability of our controls and compliance. ISO 27001 certification provides certainty for our financial services clients, who need to be assured of the resilience we deliver for data-related projects.”
