Securance
Speciality: Application Penetration Testing
Cybersecurity company specializing in penetration testing services; offers application and network pentests with dedicated service pages; 34 employees, 58.5% YoY growth, $3.3M revenue; founded 2004; headquartered in Utrecht, Netherlands; active in cybersecurity advisory, assurance, and compliance.
ISO 27001: Information Security Management Certification
Origin
ISO 27001 was developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), and was first published in 2005. It evolved from the British Standard BS 7799-2, which was created in the late 1990s. The standard was developed in response to the growing need for organizations to systematically manage and protect sensitive information in an increasingly digital business environment. ISO 27001 has since been revised, with major updates released in 2013 and 2022 to address evolving cybersecurity threats and best practices.
Industry Value and Importance
ISO 27001 is globally recognized as the leading standard for information security management systems (ISMS) and is valued for providing a systematic, risk-based approach to protecting sensitive data. Organizations that achieve ISO 27001 certification demonstrate to clients, partners, and regulators that they have implemented comprehensive security controls and are committed to maintaining confidentiality, integrity, and availability of information. The certification is particularly important for organizations handling sensitive data, as it helps meet regulatory compliance requirements, reduces security incidents, builds customer trust, and often provides a competitive advantage in procurement processes where information security assurance is required.
SOC 1 Certification
Origin
SOC 1 (Service Organization Control 1) was developed by the American Institute of Certified Public Accountants (AICPA) in 2011 as a replacement for the SAS 70 audit standard. The AICPA created SOC 1 to provide a more comprehensive and standardized framework for assessing controls at service organizations that could impact their clients' financial reporting. This certification was specifically designed to address the growing need for third-party assurance as businesses increasingly outsourced critical functions like payroll processing, claims administration, and other services that directly affect financial statements.
Industry Value
SOC 1 reports are highly valued because they provide independent verification that a service organization has implemented effective controls over financial reporting processes. For companies that rely on external service providers, a SOC 1 report offers crucial assurance that their vendors maintain adequate safeguards, helping them meet their own audit and regulatory compliance requirements under standards like Sarbanes-Oxley. This certification has become an industry standard for demonstrating trustworthiness and transparency, often serving as a prerequisite for winning contracts with enterprise clients who need documented assurance that their service providers won't introduce risks to their financial statement accuracy.
SOC 2 Certification Overview
Origin
SOC 2 (Service Organization Control 2) was developed by the American Institute of Certified Public Accountants (AICPA) in 2011 as part of their Service Organization Control reporting framework. It was created to address the growing need for standardized security evaluations as businesses increasingly moved to cloud-based services and outsourced IT operations. The AICPA developed SOC 2 to provide a framework that service providers could use to demonstrate their commitment to protecting customer data across five "Trust Service Criteria": security, availability, processing integrity, confidentiality, and privacy.
Industry Value
SOC 2 certification has become a critical trust signal in the technology and service provider industry, particularly for SaaS companies, cloud hosting providers, and data centers. Organizations value SOC 2 compliance because it provides third-party validation that a vendor has implemented appropriate controls to protect sensitive data, reducing the risk and liability associated with outsourcing. For service providers, achieving SOC 2 compliance is often a competitive necessity, as many enterprise customers and partners require it before entering into business relationships. The certification helps streamline vendor security assessments, as clients can rely on the audited report rather than conducting their own lengthy security reviews.
ISO 9001 and Cybersecurity/IT
Origin
ISO 9001 is a quality management system standard developed by the International Organization for Standardization (ISO), first published in 1987. However, it's important to note that ISO 9001 itself is not a cybersecurity or IT-specific certification—it's a general quality management standard applicable to any industry. For cybersecurity and IT specifically, ISO created ISO/IEC 27001 in 2005, which focuses on information security management systems. ISO 9001 was created to establish consistent quality management practices across organizations worldwide, while ISO/IEC 27001 was developed to address the growing need for standardized information security controls.
Industry Value
ISO 9001 is valued across industries for demonstrating an organization's commitment to quality, customer satisfaction, and continuous improvement, which can indirectly support IT operations. For actual cybersecurity and IT security certification, ISO/IEC 27001 is the recognized standard, valued because it provides a systematic approach to managing sensitive information, demonstrates due diligence to clients and stakeholders, and is often required for government contracts or business partnerships. ISO/IEC 27001 certification signals that an organization has implemented internationally recognized security controls and risk management processes, making it essential for building trust in an increasingly security-conscious business environment.
- ABN AMRO