Although security has often been approached differently to other business objectives, establishing a security risk management system can offer the same internal and external benefits.
Internally, setting objectives and performance targets will improve performance and will give confidence (and evidence) to stakeholders that investment in security is supporting business policy and objectives.
Externally, as a result of terrorist attacks, high profile cyber breaches and increasing levels of organised crime, many businesses and consumers are becoming increasingly security conscious. Obtaining independent certification of your security risk management system can provide assurance to regulators, investors, insurers and customers that you can manage such risks. For a number of sectors, survey results have shown that this can act as a differentiator and hence lead to a competitive advantage over organisations that not able to communicate their security credentials.