ISO 27701
International standard for privacy information management systems
U.S. SEC Cybersecurity Rules
U.S. SEC regulation for cybersecurity incident disclosure and governance
Quick Verdict
ISO 27701 certifies privacy management systems globally for PII handlers, while U.S. SEC rules mandate public firms disclose material cyber incidents in 4 days and annual governance to protect investors.
ISO 27701
ISO/IEC 27701:2025 Privacy Information Management
Key Features
- Extends ISO 27001 with PIMS requirements
- Role-specific controls for controllers/processors
- Annexes mapping to GDPR and privacy frameworks
- PDCA cycle for continual privacy improvement
- Auditable evidence for privacy accountability
U.S. SEC Cybersecurity Rules
Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
Key Features
- Four-business-day material incident disclosure on Form 8-K
- Annual risk management, strategy, governance in Form 10-K
- Inline XBRL tagging for machine-readable disclosures
- Board oversight and management expertise requirements
- Third-party cybersecurity risk oversight processes
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 27701 Details
What It Is
ISO/IEC 27701:2025 is an international standard extending ISO/IEC 27001 to establish a Privacy Information Management System (PIMS). It specifies requirements for managing privacy risks in processing personally identifiable information (PII), using a risk-based, PDCA methodology for controllers and processors.
Key Components
- Clauses 4ā10 extend ISO 27001 with privacy scope, leadership, planning, support, operation, evaluation, and improvement.
- **Annex A39 controls for PII controllers (e.g., lawful basis, DSARs).
- **Annex B24 controls for PII processors (e.g., processor agreements).
- Mappings in Annexes CāF to GDPR, ISO 29100, etc.
- Three-year certification with annual surveillance audits.
Why Organizations Use It
Demonstrates accountability for global privacy laws like GDPR; integrates with ISMS for efficiency; reduces risks via evidence generation; enhances procurement trust and regulatory assurance.
Implementation Overview
Gap analysis against existing ISMS; role mapping (controller/processor); risk assessments, RoPA, SoA development. Phased: 6ā18 months typical; suits all sizes/sectors processing PII; requires accredited certification body audits.
U.S. SEC Cybersecurity Rules Details
What It Is
U.S. SEC Cybersecurity Rules (Release No. 33-11216) is a federal regulation mandating standardized disclosures for public companies. It focuses on timely reporting of material cybersecurity incidents and ongoing risk management, strategy, and governance. The approach is materiality-based, aligned with securities law principles like TSC Industries v. Northway.
Key Components
- **Incident disclosureForm 8-K Item 1.05 requires reporting material incidents within four business days.
- **Annual disclosuresRegulation S-K Item 106 covers risk processes, board oversight, and management roles in Forms 10-K/20-F.
- **Structured dataInline XBRL tagging for comparability.
- No fixed controls; emphasizes processes over technical details. Compliance via SEC filings, no separate certification.
Why Organizations Use It
Enhances investor protection through uniform, timely information. Mandatory for Exchange Act registrants; reduces asymmetry, supports capital efficiency. Builds board accountability, integrates cyber into ERM, mitigates enforcement risks like Yahoo penalties.
Implementation Overview
Phased rollout: incident reporting from Dec 2023 (SRCs June 2024). Involves cross-functional playbooks, materiality frameworks, governance updates, third-party oversight. Applies to all public issuers; no audits but SEC reviews filings.
Key Differences
| Aspect | ISO 27701 | U.S. SEC Cybersecurity Rules |
|---|---|---|
| Scope | PIMS for privacy controls and governance | Public company cyber incident and governance disclosures |
| Industry | All PII-processing organizations globally | U.S. public companies and FPIs only |
| Nature | Voluntary certification standard | Mandatory SEC reporting regulation |
| Testing | Third-party certification audits | SEC staff review of disclosures |
| Penalties | Loss of certification | SEC enforcement fines and sanctions |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 27701 and U.S. SEC Cybersecurity Rules
ISO 27701 FAQ
U.S. SEC Cybersecurity Rules FAQ
You Might also be Interested in These Articles...
CMMC Scoping Mastery for Defense Supply Chains: Enclave Mapping, Subcontractor Flow-Down, and CUI Inventory Blueprint
Master CMMC scoping for DIB: delineate FCI/CUI boundaries, segment enclaves, manage subcontractor flow-down. Prevent 80% assessment failures with SSP templates,
The Tool Landscape for Reaching and Maintaining ISO 27001 Compliance
Discover top ISO 27001 compliance tools, their pros/cons, implementation steps, costs, and benefits. Streamline your path to certification and ongoing complianc
Unpacking the True Cost: A Guide to Calculating TCO for Modern Compliance Monitoring Software
Unpack the true Total Cost of Ownership (TCO) for compliance monitoring software. Factor in licenses, implementation, training, maintenance, and ROI savings for
Run Maturity Assessments with GRADUM
Transform your compliance journey with our AI-powered assessment platform
Assess your organization's maturity across multiple standards and regulations including ISO 27001, DORA, NIS2, NIST, GDPR, and hundreds more. Get actionable insights and track your progress with collaborative, AI-powered evaluations.
Check out these other Gradum.io Standards Comparison Pages
SAFe vs AEO
Compare SAFe vs AEO: Scale agile enterprises with SAFe's frameworks or secure global trade via AEO certification. Boost agility, compliance & efficiency. Discover which fits your ops now.
CMMC vs EN 1090
CMMC vs EN 1090: Compare DoD cybersecurity tiers for defense contractors vs EU steel/aluminum CE marking standards. Unlock strategies for dual compliance success now!
RoHS vs ISO 14064
Explore RoHS vs ISO 14064: RoHS restricts 10 hazardous substances in EEE for safer recycling; ISO 14064 standardizes GHG inventories & verification. Master compliance now!