Risk Associates - EMEA & Asia
Speciality: Offensive Security Penetration Testing
IT services and consulting company specializing in cybersecurity, risk, compliance, and information governance; offers penetration testing services as confirmed by their dedicated webpage; headquartered in Australia with 123 employees (+32.8% YoY growth), founded in 2004, serving global clients with a market rank of #4,529,108 worldwide and #74,175 in their country.
ISO/IEC 27001: Information Security Management System Certification
Origin
ISO/IEC 27001 was developed jointly by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), first published in 2005 and most recently updated in 2022. It evolved from the British Standard BS 7799, which was created in the 1990s by the UK government and industry experts to address growing information security concerns. The standard was developed to provide organizations with a systematic framework for establishing, implementing, maintaining, and continually improving an Information Security Management System (ISMS), helping them protect sensitive data in an increasingly digital business environment.
Industry Value and Importance
ISO/IEC 27001 is globally recognized as the gold standard for information security management, valued because it demonstrates an organization's commitment to protecting confidential information through risk-based controls and continuous improvement. The certification is particularly important for organizations handling sensitive data, as it helps them comply with legal and regulatory requirements, win contracts (especially with government entities and large enterprises), and build customer trust. Many industries require or strongly prefer vendors with ISO 27001 certification, as it provides independent verification that appropriate security controls are in place, reducing the risk of data breaches and ensuring business continuity in the face of evolving cybersecurity threats.
ISO 22301: Business Continuity Management
Origin
ISO 22301 was developed and published by the International Organization for Standardization (ISO) in 2012, with a major revision released in 2019. It emerged from the need for a globally recognized standard for business continuity management systems (BCMS), replacing the earlier British standard BS 25999-2. The standard was created to help organizations of all sizes and sectors prepare for, respond to, and recover from disruptive incidents that could threaten their operations.
Industry Value
Note: ISO 22301 is actually a business continuity management certification, not specifically a cybersecurity/IT certification, though IT resilience is often a key component. Organizations value ISO 22301 certification because it demonstrates a systematic approach to identifying potential threats and maintaining critical business functions during disruptions. The certification is particularly important for organizations that must prove operational resilience to clients, regulators, and stakeholders. It provides a competitive advantage by showing commitment to minimizing downtime, protecting revenue streams, and ensuring service delivery even during crises—whether those involve cyber incidents, natural disasters, or other operational disruptions.
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.
PCI DSS Certification
Origin
The Payment Card Industry Data Security Standard (PCI DSS) was created in 2004 by the major credit card companies: Visa, Mastercard, American Express, Discover, and JCB International. These companies formed the PCI Security Standards Council in 2006 to manage and evolve the standard. PCI DSS was developed in response to increasing credit card fraud and data breaches, establishing a unified set of security requirements for all organizations that store, process, or transmit cardholder data. The goal was to create consistent security measures across the payment card industry to protect sensitive payment information.
Industry Value and Importance
PCI DSS compliance is mandatory for any business that handles credit card transactions, making it one of the most critical security standards in commerce today. The certification demonstrates that an organization has implemented robust security controls, including network protection, access management, encryption, and regular security testing. Non-compliance can result in severe consequences, including substantial fines (up to $100,000 per month), increased transaction fees, loss of payment processing privileges, and reputational damage following a breach. For IT professionals, PCI DSS expertise is highly valued as organizations across all industries need qualified personnel to implement, maintain, and audit these security controls.