Demystifying ISO: Why it’s the Gold Standard for Top Companies (and Galgal Money Just Aced It!)

Have you ever noticed that fancy food items boast “ISO certified” labels? Or maybe you’ve seen it on websites you frequent. But what exactly is ISO (short for: International Organization for Standardization), and why is it such a big deal? Well, fret not, because we’re about to break it down for you, simpler than a dosa recipe!

 

Imagine ISO as a giant rulebook for businesses, ensuring they operate at top-notch quality. Think of it like the difference between your favorite biryani stall with a spotless kitchen (very ISO!) and one where hygiene is questionable (not very ISO!). ISO applies to all sorts of things, from manufacturing standards (is that phone charger safe? ISO says yes!) to environmental practices (is that company eco-friendly? ISO can tell you!).

 

So, why do companies go through the trouble of getting ISO certified? Here’s why it’s a win-win:

  • Trust Factor: An ISO stamp is like a gold medal for your business. It screams reliability and quality to customers, just like that familiar AGMARK symbol on your favorite ghee.
  • Smoother Operations: ISO standards help streamline processes, making everything from ordering supplies to managing staff a breeze. Imagine the efficiency of a well-oiled dhaba kitchen – that’s the ISO effect!
  • Global Recognition: An ISO certification is a passport to international markets. It shows the world your business is a serious player, ready to compete on the big stage.

 

Now, let’s get to some exciting news! Galgal Money, your one-stop shop for all things finance, has just bagged the prestigious ISO 270001 certification! But what exactly is ISO 270001, you ask?

Think of ISO 270001 as a fort for your data. It signifies that Galgal Money has implemented world-class information security practices. In simpler terms, your money and financial data are safeguarded like never before, with ironclad policies and top-notch security systems.

 

That means, Galgal is committed to adopt, implement and maintain Information Security Management System (ISMS) that complies with the ISO 27001:2013 Standard.
For our users, that translates to reduced security risks on our platform and protection of data processing of the highest order. Yes, reduced security risks also mean we ensure zero loss of your data.

 

At Galgal Money, we’re obsessed with providing you with the best possible experience. The ISO 270001 certification is a testament to our unwavering commitment to good practices and the highest standards in the industry. We want you to feel confident knowing your financial information is in the safest hands possible.

 

Ready to experience the Galgal Money difference? Download the app today and unlock a world of secure, convenient financial management. We know you won’t be disappointed.

 

FAQs

Got Questions About ISO and Galgal Money? We’ve Got Answers!

 

1. What is ISO certification and why is it important?

ISO certification verifies that a company follows international standards set by the International Organization for Standardization. These standards cover a wide range, including quality management (ISO 9001), environmental management (ISO 14001), and information security management (ISO 27001). Having an ISO certification assures customers that the company operates with a focus on quality and consistency, while also minimizing environmental impact and adhering to strong information security practices.

 

2. What are the benefits of ISO certification for a company?

There are several advantages to ISO certification. Here are a few key ones:

  • Increased Customer Confidence: An ISO certification demonstrates a company’s commitment to quality and best practices, which can lead to increased trust and brand loyalty from customers.
  • Improved Operational Efficiency: Following ISO standards often involves streamlining processes and procedures, leading to better efficiency and potentially reducing costs.
  • Enhanced Global Recognition: ISO certification is recognized internationally, making it easier for companies to expand into new markets

 

3. What does ISO 270001 certification mean?

ISO 270001 specifically focuses on information security management. This certification signifies that Galgal Money has implemented a comprehensive Information Security Management System (ISMS). This system outlines policies,procedures, and controls to protect your data from various threats, such as unauthorized access, cyberattacks, and data breaches.

 

4. I’m looking for a secure financial app in India. Is Galgal Money safe?

Galgal Money takes data security very seriously. Our recent ISO 270001 certification demonstrates our commitment to safeguarding your financial information. This certification assures you that we have implemented robust security measures to protect your data, giving you peace of mind when managing your finances with our app.

 

5. What are the functional objectives of the IT department to ensure ISMS policy compliance under the ISO 270001 certification?

  • Manage IT assets and information being held and processed on these assets.
  • Manage deployment of physical and logical security for controlling access to information and IT assets.
  • Ensure data confidentiality and integrity during various IT operations.
  • Ensure information security in the Umunthu System Private Limited managed services offerings.
  • Ensure information availability via a disaster recovery policy.
  • Implement procedures for operational security.
  • Ensure that the implementation plan is always in line with the business’s strategic directions.
  • Help management achieve their information security objectives in continuous improvement manner.

 

6. What are the functional objectives of the HR/Admin department to ensure ISMS policy compliance under the ISO 270001 certification?

  • Ensure that personnel being on-boarded meets the before employment security requirements.
  • Ensuring during employment the personnel work in a secure and safe working environment.
  • Comply with legal and regulatory requirements.
  • Ensure that the implementation plan is always in line with the management’s objectives.
  • Help management achieve their information security objectives in a continuous improvement manner.

 

7. What are the functional objectives of the Application/Product Development Team department to ensure ISMS policy compliance under the ISO 270001 certification?

  • Implement information security in the critical areas of product life cycle development
  • Implement information security in the architecture designing process
  • Focus on product design and support for addressing challenges of data confidentiality, integrity and availability.
  • Setup formal ways of collaborating with relevant team for product management
  • Ensure that the implementation plan is always in line with the management’s objectives
  • Help management achieve their information security objectives in a continuous improvement way

 

8. What are the roles, responsibilities, and authorities of senior management to ensure ISMS policy compliance under the ISO 270001 certification?

  • Management will participate on timely basis in all Management review meetings and Incident reporting cases (if needed)
  • Management will update CISO on timely basis with future business strategies in order for CISO to adhere with required information security compliances
  • Management will provide support required in all forms i.e. monetary, leadership and communication for impartial and top-to-bottom implementation of ISMS policies and procedures
  • Management will act as final point of escalation in absence of CISO to handle information security incidents or conflicts within as well with any external entity

 

9. What are the roles, responsibilities, and authorities of the Chief Information Security officer (CISO) to ensure ISMS policy compliance under the ISO 270001 certification?

  • Implement and manage overall information security mission of the organization
  • Act as a ISO (information security officer) who owns information security risks
  • Act as an owner for all policies and standard operating procedures and get it executed from respective departments.
  • Act as a liaison between management and other departments to ensure continual implementation of ISMS.
  • Reviews policies and procedures periodically.
  • Define and approve changes in the policies and procedures and communicate to relevant stakeholders.
  • Provides ISMS guidance to IT Team for operational security
  • Acts as a final escalation point for incident management
  • Acts as an internal auditor for periodic internal audits and responds to external auditors

 

10. What are the roles, responsibilities, and authorities of the Head of Technology to ensure ISMS policy compliance under the ISO 270001 certification?

  • Design the architecture of the the software
  • Implements policies and procedures for coding best practices.
  • Manages IT system administration team.
  • Reports to management and works with CISO for successful implementation of ISMS.
  • Acts as an immediate escalation point for information security incident management.

 

11. What are the roles, responsibilities, and authorities of the CTO to ensure ISMS policy compliance under the ISO 270001 certification?

  • Technical guidance
  • Guide to managing the IT system administration team.
  • Code review

 

12. What are the roles, responsibilities, and authorities of the IT Team to ensure ISMS policy compliance under the ISO 270001 certification?

  • Manages IT information assets.
  • Implements policies and procedures.
  • Manages IT system administration team.
  • Reports to management and works with CISO for successful implementation of ISMS.
  • Acts as an immediate escalation point for information security incident management.

 

13. What are the roles, responsibilities, and authorities of the HR/Admin Head to ensure ISMS policy compliance under the ISO 270001 certification?

  • Perform new employee on-boarding & Exit
  • Perform background checks and execute disciplinary actions
  • Conduct periodic trainings
  • Conduct fire-drills
  • Liaison with legal issues

 

14. What are the roles, responsibilities, and authorities of the Users to ensure ISMS policy compliance under the ISO 270001 certification?

  • Understand and follow information security policies at the workplace.
  • Undergo periodic training for continuous improvement in the ISMS implementation.
  • Escalate to senior authorities upon an information security incident.

 

15. What are the roles, responsibilities, and authorities of the Internal Auditors to ensure ISMS policy compliance under the ISO 270001 certification?

  • Guide to implement and manage overall information security mission of the organization
  • Help to guide the ISMS documentations templates.

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