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ISO 27001 Certification Process: A Step-by-Step Guide

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The ISO/IEC 27001, popularly known as the ISO 27001 certificate is a globally recognized information security standard. It is created by the International Organization for Standardization.

Being ISO 27001 certified means that an organization is following top-notch, internationally-approved security standards. Thus, clients are able to easily trust such an organization because they know that the organization will take good care of their data. It gives the organization a competitive edge and helps it stand out from the crowd.

Applying for the ISO 27001 certification can be confusing, especially if you are doing it for the first time. But don’t worry because we are here to help you out.

This beginner’s guide will help you understand the basics of the ISO 27001 certificate and why is it important for your organization.

So, let’s get started!

The main purpose of the ISO 27001 certificate 

The main purpose of this certificate is to provide a robust model for building, implementing, operating, reviewing, and monitoring an organization’s Information Security Management System (ISMS).

ISO 27001 provides a complete framework for organizations that will help them protect their data and maintain security in a cost-effective way. The ISO 27001 framework applies to organizations of all sizes and belonging to all kinds of industries.

Benefits of ISO 27001 certification 

As we mentioned above, being ISO 27001-compliant has numerous benefits for an organization. Let’s have a quick look at some of them:

1. Increases customers’ trust 

One of the biggest benefits of having the ISO 27001 certificate is that it helps you gain customers’ trust more easily. When you are handling a large amount of customer data and sensitive information, having the complete trust of your clients is vital.

Owning the ISO 27001 certificate demonstrates that you are capable of handling your customers’ data responsibly and securely. It also implies that you are adhering to the globally-recognized ISO standards.

2. Offers quality assurance 

The ISO 27001 certificate follows a strict framework and quality checks. So, it assures your customers that you are following high standards of IT security quality. This goes a long way in helping you secure better and more profitable contracts with large businesses. 

3. Strengthens your internal security 

Along with giving a quality assistance to your customers, having an ISO 27001 certificate is also helpful to your organization’s internal security. While preparing for this certificate, you will have to strengthen your internal data security practices and conduct internal audits. It helps you in spotting several security loopholes in your infrastructure and remedy them effectively. 

Continuous risk assessments also help you in ensuring that your business is operating as per the ISO standards. It also prevents any serious data breaches or other security issues in the future.

What is the process to be ISO 27001 compliant?

Acquiring the ISO 27001 certificate isn’t easy for any organization. It is a rigorous process designed to ensure that only the deserving organizations get it.

Here is a quick breakdown of the ISO 27001 certification process:

1. Determination of scope 

To become ISO 27001-certified, an organization needs to prepare its ISMS (Information Security Management System). And for preparing a robust ISMS, the determination of its scope is essential. Businesses need to find out what type of information and assets they need to protect.

2. Analyzing your current security controls and finding gaps 

Once you are clear with your scope, you need to analyze your existing security control measures. Evaluate how well your current information security measures are performing and the ways you can improve them.

You can do this by analyzing your internal policies and interviewing your IT security staff. Make sure to document all your findings for the external auditing process.

3. Risk assessment and formation of a Risk Treatment Plan 

The next step is the assessment of risk. It is a basic requirement for ISO 27001 compliance and you will have to document everything you discover during the risk assessment. 

Along with a thorough risk assessment, organizations also need to come up with a fool-proof Risk Treatment Plan. Devising a Risk Treatment Plan is also a necessary step for becoming ISO 27001 compliant. Such a plan acts as your roadmap and helps you mitigate all future risks effectively. 

4. Collection of evidence and documentation 

Collection and documentation of evidence is an important part of the ISO 27001 certification process. You will need to present all these documents during the external ISO 27001 certification audit. 

How long does it take to become ISO 27001 certified?

As it is an extensive process, it can take anywhere between 3 to 12 months to become ISO 27001-certified. From starting the process to completing the ISO 27001 certification audit, the entire process can easily take one year to be completed. 

Summing up

So there you go! That was our ISO 27001 beginners’ guide. 

We hope you found the information presented here helpful and that we were able to offer you some useful knowledge. Having an ISO 27001 certificate can help your organization in more ways than one. So, even though the process is a bit complicated, obtaining this certificate is a wise choice.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Remote Professionals Getting More Value for Their Work Thanks to Borderless Banking

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Not too long ago, the idea of working remotely from an island in Thailand or a co-working space in Berlin sounded like the kind of fantasy only tech moguls or backpacking freelancers could afford. 

Fast forward to today, and it’s as good as a global reality. Millions of professionals have cut the cord from traditional office life in exchange for flexibility, freedom, and a work-life balance that fits their personal rhythm and not their employer’s timezone.

However, as remote work has reshaped how people earn a living, it’s also pointed out the existing limits to most of the world’s financial systems. Traditional banking simply wasn’t built for a workforce that’s always on the move, operating in multiple currencies, and getting paid across borders. 

Thankfully, that’s where borderless banking like Black Banx have proven vital, and has quietly transformed the way money is managed for people vacationing and working overseas alike.

The Rise of the Remote Work Economy

Remote work isn’t just a pandemic-era trend that faded with Zoom fatigue—it’s become a defining feature of the modern workforce. A recent survey revealed that over 39% of Gen Z and Millennials planned to live and work abroad for extended periods this year, many staying six months or more in a single location. That’s beyond a short trip, and can be considered as good as a sabbatical with a substantial lifestyle shift.

According to recent estimates, the digital nomad economy now also contributes as much as US$787 billion annually to the global economy. And this isn’t just entry-level gig work. A third of digital nomads earn between US$100,000 and US$250,000, while another third take in US$50,000 to US$100,000 annually. 

It is indeed evident that the manner in which many make a living has changed. Unfortunately, most financial systems haven’t kept up.

Where Traditional Banks Are Still Falling Short

For those who have ever tried to open a bank account abroad or receive payment from a foreign client, they already know the drill: the paperwork is endless, delays are frustrating, and the fees? So much to do, even for the smallest amounts of money.

Just to name few of the hurdles remote workers still face with conventional banking:

  • Account setup restrictions: Need proof of residence, tax IDs, or a local job offer—things many digital nomads simply don’t have.
  • Slow international transfers: Payments can take days to process, which is a nightmare when rent’s due.
  • High foreign exchange fees: Currency conversions often come with steep, hidden costs.
  • Limited multi-currency support: Most banks still force users to operate in a single currency, making financial planning chaotic at best.

And perhaps most tellingly, many banks have digitized their operations but haven’t personalized their services. According to Accenture’s 2025 Banking Trends Report, while digital transformation has improved efficiency, it often sacrifices the customer experience. That’s not great news for people who live outside the lines.

Borderless Banking for Professionals Across the Globe

The concept of borderless banking goes far beyond wiring money internationally. Fundamentally, it’s also about being able to eliminate the friction between people and their money, no matter where they are in the world, and maintaining an ecosystem where geography, bureaucracy, and currency don’t stand in the way of financial freedom.

A working example of this is Black Banx, a Toronto-based fintech founded by German billionaire Michael Gastauer. Since launching globally in 2015, it has grown to serve over 78 million clients in 180+ countries as of Q1 2025, proof that people take to digital banking solutions when it is accessible, affordable, and is useful in just about any locale.

In the first three months of this year, Black Banx had also earned US$4.3 billion in revenue and US$1.6 billion in pre-tax profit, more than double from the same quarter the previous year and showing it has consistently delivered tangible value to global customers—remote professionals included

How Borderless Banking Maximizes Value for Remote Workers

1. Instant Account Access—No Strings Attached

The times of hunting down local branches or collecting endless documents just to open an account are finished. With borderless banks, users can open an account in minutes using just a photo ID—no proof of address or income required. That’s a lifesaver for anyone living outside their passport country or hopping from one location to another.

2. Multi-Currency Mastery

Managing money in multiple currencies used to mean juggling several accounts—or worse, losing money on conversions. Borderless platforms like Black Banx support 28 FIAT currencies and allow real-time currency conversions at competitive rates. That means remote workers can:

  • Invoice clients in one currency
  • Spend or save in another
  • Hedge against local currency fluctuations
  • Avoid excessive conversion fees altogether

3. Seamless, Real-Time Global Payments

Getting paid late, or paying others late, isn’t just inconvenient; it can damage relationships and disrupt your cash flow. With real-time payment support, remote workers can receive funds instantly, no matter where their clients are. This is particularly valuable for freelancers and entrepreneurs juggling multiple contracts across time zones.

Plus, bulk payment features and API integration streamline processes for those running teams or businesses.

4. Built-In Crypto Options

It isn’t surprising that many digital nomads are already deep into crypto. Whether it’s for investment, faster transactions, or avoiding traditional finance red tape, crypto is becoming essential.

Since 2016, Black Banx has allowed users to send, receive, and convert crypto (like BTC and ETH) within their accounts. That integration saves users from having to manage separate crypto wallets, and adds another layer of flexibility to their financial toolkit.

5. Secure Transactions

Remote workers often log in to work from cafés, coworking spaces, and airports, to name a few. Of course, this flexibility of being able to work almost anywhere should never come at the cost of security. Borderless banks like Black Banx use end-to-end encryption, AI fraud detection, and two-factor authentication to keep accounts safe from risky elements.

Financial Freedom, Not Just Convenience

Perhaps the most overlooked benefit of borderless banking is the freedom it provides. Not just to access money, but to fully participate in the global economy. For millions of professionals in underbanked regions like Africa, Latin America, Southeast Asia, borderless banking has become a gateway to financial inclusion and a way to take on opportunities that typically wouldn’t be available to them if not remote.

By removing barriers to entry, platforms like Black Banx empower underserved individuals to both take control of their finances and increase their earning power by working with companies from higher paying markets. This democratization of finance isn’t just good for individuals, it’s good for the global economy as a whole.

As Black Banx CEO Michael Gastauer put it: “Our multi-currency solutions enable businesses to tap into global talent without worrying about payment complexities. We make cross-border transactions as seamless as local ones.”

The Road Ahead

By 2030, the number of digital nomads worldwide is expected to soar past 60 million, according to the Forbes Technology Council. That means tens of millions of workers will be navigating foreign currencies, time zones, and financial systems—all while expecting the same seamless experience they’d get at home.

Indeed, remote professionals aren’t just looking for places to work—they’re looking for systems that work for them. In a lifestyle built on flexibility, traditional banking is proving too rigid, too slow, and too expensive.

Borderless banking services like those offered by the likes of Black Banx, on the other hand, offer exactly what today’s global workforce needs: instant access, multi-currency support, real-time payments, crypto integration, and enterprise-level security—all in a streamlined experience.

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