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Risks of non-compliance

WHAT ARE THE RISKS AND COSTS OF NOT DOING ISO 27001?

Your IT system could fail resulting in:

1. No deliveries to customers

2. The loss of some other aspect of customer/ client service

3. Lost sales – temporary loss of sales turnover

4. Lost customers – permanent loss of sales turnover

5. Temporary or Permanent loss of profit resulting in redundancies, changes in the board, change of ownership etc

6. A failure to maintain inventory

7. Too much inventory

8. The wrong inventory

9. Increase in staff to run a temporary manual system

10. Inability to maintain production

11. Loss of production control modules

12. Production of the wrong products

13. Production of out of spec products subject to subsequent rejection and consequential loss claims

14. Loss of formulations and designs

15. No invoicing resulting in negative cash flow

16. No effective Credit Control

17. Inability to pay suppliers resulting in stock outs of parts and materials causing production shutdown

18. Inability to pay staff / to pay staff on time resulting in a loss of staff

19. Inability to run sales and marketing campaigns

20. Inability to design new products

21. Loss/ theft/ damage of confidential designs and other valuable intellectual property

22. Missed deadlines on behalf of clients resulting in actions to recover costs

23. The unauthorized release of confidential client/ customer information of a commercial, intellectual property, regulatory, legal, security or other sensitive nature – resulting in damage to client relationship/ loss of client/ action for compensation.

24. Inability to communicate with clients, customers, suppliers, partners, other parts of the business locally and throughout the world.

25. Inability to produce financial statements resulting in a loss of investor confidence.

etc

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