ISO 55001
International standard for asset management systems
ISO 27018
International code of practice for PII protection in public clouds.
Quick Verdict
ISO 55001 establishes asset management systems for lifecycle value optimization in asset-heavy industries, while ISO 27018 extends ISO 27001 with cloud-specific PII privacy controls. Organizations adopt them for governance, compliance assurance, and market trust in specialized domains.
ISO 55001
ISO 55001:2024 Asset management — Management systems — Requirements
Key Features
- Requires Strategic Asset Management Plan linking strategy to operations
- Formal asset management decision-making framework with explicit criteria
- Annex SL structure for integration with other management systems
- PDCA cycle mapping Clauses 4-10 for continual improvement
- Balances asset performance, risks, costs, and opportunities explicitly
ISO 27018
ISO/IEC 27018:2025 Code of practice for PII protection
Key Features
- Privacy-specific controls for public cloud PII processors
- Subprocessor transparency and location disclosure requirements
- Prohibits PII use for marketing without consent
- Mandates customer breach notification procedures
- Supports data subject rights like access and erasure
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 55001 Details
What It Is
ISO 55001:2024 is the international certification standard specifying requirements for an Asset Management System (AMS). It enables organizations to establish, implement, maintain, and improve AMS to realize value from assets across lifecycles. Adopting a management systems approach with Annex SL high-level structure and PDCA cycle, it balances performance, risks, costs, and stakeholder needs.
Key Components
- Clauses 4-10: Context, Leadership, Planning, Support, Operation, Performance Evaluation, Improvement.
- 72 'shall' requirements focused on SAMP, decision-making framework, risk/opportunity actions.
- Built on ISO 55000 terminology and ISO 55002 guidance.
- Certification via accredited bodies with audits.
Why Organizations Use It
- Drives value realization, regulatory compliance, cost optimization.
- Enhances resilience, breaks silos, builds stakeholder trust.
- Provides competitive edge in asset-intensive sectors like utilities, infrastructure.
Implementation Overview
- Phased: gap analysis, SAMP development, competence building, operational controls.
- Applies to all sizes, especially asset-heavy industries globally.
- Involves training, tools, audits; 12-24 months typical timeline.
ISO 27018 Details
What It Is
ISO/IEC 27018 is a code of practice extending ISO 27001 and ISO 27002 for protecting personally identifiable information (PII) in public clouds where providers act as PII processors. Its primary purpose is to provide privacy-specific controls for cloud environments, focusing on multi-tenancy, cross-border data flows, and processor obligations. It follows a risk-based approach integrated into an Information Security Management System (ISMS).
Key Components
- Privacy controls (~25-30 additional) in areas like consent, transparency, data minimization, breach notification, and subprocessor management.
- Built on ISO 27001 Annex A (93 controls) with cloud-PII guidance.
- Core principles: consent/choice, purpose limitation, accuracy, security safeguards, accountability.
- Assessed via ISO 27001 audits; no standalone certification.
Why Organizations Use It
- Builds customer trust, accelerates procurement, aligns with GDPR/HIPAA.
- Reduces risk in cloud outsourcing, supports cyber insurance.
- Differentiates CSPs in competitive markets.
Implementation Overview
- Gap analysis, integrate into ISMS, update Statement of Applicability.
- Applies to CSPs of all sizes; third-party audits required.
- Incremental if ISO 27001-certified. (178 words)
Key Differences
| Aspect | ISO 55001 | ISO 27018 |
|---|---|---|
| Scope | Asset Management Systems (AMS) lifecycle governance | PII protection in public cloud processing |
| Industry | Asset-intensive sectors (utilities, infrastructure, manufacturing) | Cloud service providers handling personal data |
| Nature | Voluntary certifiable management system standard | Code of practice extending ISO 27001 (non-standalone) |
| Testing | ISO 55001 certification audits (3-year cycle) | Assessed within ISO 27001 audits (annual surveillance) |
| Penalties | Loss of certification, no legal penalties | Loss of certification, no direct legal penalties |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 55001 and ISO 27018
ISO 55001 FAQ
ISO 27018 FAQ
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