Extenda Retail strengthens security with ISO 27001 certification

Security, compliance and operational excellence are integral to everything we do at Extenda Retail. That’s why we’re thrilled to be certified by the world's best-known standard for information security management systems – ISO 27001.

What is ISO 27001?

ISO 27001 is one of the most globally recognized information security standards. Developed by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), ISO 27001provides a comprehensive framework for establishing, implementing, maintaining and continually improving an organization’s information security management system (ISMS). It outlines policies, procedures, and controls that monitor and protect an organization’s information and assets via effective risk management –ensuring confidentiality, integrity, and availability.

The benefits of being ISO27001 certified

In today's digitally interconnected business world, increased data sharing creates both opportunities and risks. This interconnected web makes organizations vulnerable to cyberattacks and breaches, as a compromised supplier can expose the entire ecosystem.

Recent research by Security Scorecard and Cyentia Institute underscores this threat, revealing that 98% of organizations have experienced a supplier breach in the past two years. This complexity is compounded by the fact that suppliers themselves have supply chains, creating a chain of vulnerability, making an organization's security only as strong as its weakest link.

Supply chain security is no longer optional but a strategic imperative, and it should not merely focus on damage control but also on building trust. We see ISO 27001 as a vital framework for secure partnerships as it emphasizes the importance of secure supplier relationships and mandates robust supply chain cyber assurance for achieving certification. Choosing a supplier without this certification is essentially a security risk–akin to leaving your house unlocked while vacationing.

ISO27001 certification: the benefits for retailers, warehouses and 3PLs

By partnering with an ISO 27001 certified organization, you gain:

• Enhanced security - Robust security measures significantly reduce the likelihood and impact of data breaches, protecting your data and reputation.
• Operational efficiency - Streamlined processes minimize security incidents and improve overall efficiency.
• Compliance - Align with legal and regulatory frameworks, demonstrating your commitment to data protection and meeting industry standards.
• Increased customer trust - Showcase dedication to data privacy and security, boosting customer confidence and loyalty.
• Business continuity - Safeguard your operations with robust plans and measures for handling security incidents and minimizing disruptions.

Extenda Retail’s certification

Extenda Retail recognizes that a strong security culture is essential for long-term success. For this reason, we view ISO 27001 as a strategic tool to empower informed decision-making, rather than solely a compliance benchmark. We believe fostering a robust security culture within our organization is vital to our success. Therefore, we are committed to empowering our employees with the necessary knowledge and tools to safeguard information at every level. By cultivating a security-conscious workforce, we create a visionary environment capable of effectively handling potential threats, mitigating risks, and driving innovation in retail software development.

We are devoted to more than just words; we back our claims with action. Extenda Retail’s information security management system (ISMS) has undergone rigorous third-party audits and successfully fulfilled ISO 27001’s requirements. We are proud to have achieved ISO 27001 certification in December 2023.

This achievement is a testament to our team's expertise and deep-rooted dedication to maintaining the highest standards of internal compliance and operational excellence. Moreover, it underscores our commitment to delivering secure, reliable, and compliant software solutions to the retail industry.

To uphold our ISO 27001 certification, Extenda Retail is committed to ongoing evaluation and improvement. Annual audits will measure our continued compliance with the standard and drive enhancements to our security practices.