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Unlocking Growth Safely: The Advantage of ISO27001 and its pricing for a Fast-Growing Startup or SMB

Updated: Dec 22, 2023




As a growing startup or SMB, you might be wondering how to ensure the security of your company. Questions about protecting customer information, securing confidential data, and improving IT efficiency may arise. ISO 27001, an internationally recognized standard for Information Security Management Systems (ISMS), provides clear guidance on what steps to take, how to implement them, and the benefits you can gain, regardless of your company's size, industry, or location.


Benefits for Startups and SMBs:

  1. Enhanced Credibility: ISO 27001 certification serves as a badge of trust. It signals to clients, investors, and partners that your organization is committed to protecting sensitive information, enhancing your credibility in a competitive market.

  2. Risk Management: Startups and SMBs are not immune to cyber threats. ISO 27001 assists in identifying potential risks, allowing proactive risk management strategies to be implemented. This is crucial for companies operating in fast-evolving sectors where risks can escalate swiftly.

  3. Global Compliance: With an increasingly interconnected global business environment, adhering to international standards is paramount. ISO 27001 compliance facilitates smoother market entry, especially if expanding into regions with stringent data protection regulations.

  4. Operational Efficiency: The implementation of ISO 27001 encourages a streamlined and efficient approach to information security management. This efficiency is particularly beneficial for resource-constrained Startups and SMBs aiming to optimize processes.

  5. Competitive Edge: In a market where data breaches can be detrimental, ISO 27001 certification differentiates your company. It can be a decisive factor for customers choosing between service providers, giving you a competitive edge.


Estimated Cost and Assessment:

The cost of obtaining ISO 27001 certification varies based on factors such as company size, complexity, and the existing state of information security practices. For Startups and SMBs, the investment is not only a commitment to security but an investment in sustainable growth.

  • (Phase 1) Gap Analysis and Initial Assessment: In this initial step, the organization assesses its current security practices, with costs ranging from $3,000 to $50,000 based on business complexity and size.

  • (Phase 2) Implementation and Training: Costs for implementing security measures, documenting IT policies, and providing staff training can range from $5,000 to $200,000, depending on the business's complexity and size.

  • (Phase 3) Certification Audit: The final phase involves an external audit by accreditation bodies to ensure compliance with ISO 27001. Costs for this step can vary from $15,000 to $30,000, influenced by business complexity, size, and the chosen accreditation body for the audit.



   Cost Comparison ($USD)



      Phase1

         Phase2

  Phase3

Option A (Big Audit Firm)

$20,000~$50,000

$50,000~$200,000

N/A

Option B (Competitors)

$7,500~$20,000

$20,000~$50,000

N/A

Option C (Trigoplan)

$3,000~$10,000

$5,000~$20,000

Partnership with market-leader Auditor

*Trigoplan has global partnership with accreditation body or certified ISO27001 auditors globally, so we help you to choose your local on-site auditor or a remote auditor considering auditor’s expertise and costs



While the upfront costs may seem high, the long-term gains, such as minimizing risks, boosting operational efficiency, and improving market standing, more than justify the initial investment.

In conclusion, ISO 27001 is not just a certification; it's a strategic investment in the future of your fast-growing Startups or SMBs. It instills confidence in stakeholders, fortifies your defenses against cyber threats, and positions your company for sustainable success in an ever-evolving digital landscape.


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