We are in the age of Information Technology (IT) and amazinginnovations are developed. Management systems are now completelydigitalized and it has enabled people to continue working remotely inthe midst of a pandemic. With great innovations there are those thatseek to misuse or destroy systems for personal gain. Therefore IT &Information security is paramount both for organisation and products.To offer both an international approach for common security practicesand provide best results for IT & Information security there existsstandards and frameworks. In this thesis, the standard frameworksgeneral impact and value from both an organisational and a vendorsperspective is evaluated and assessed. To answer the research questionsof this thesis, standards and supporting theory were analysed andinterviewees with security professionals were held. Standards provideorganisational goals for developing a well-functioning and resilientsecurity. Standards also provide a common baseline between customerand vendors, minimising the need for tailoring in products’ securityrequirements. Furthermore, a certification for standards can increasethe confidence of the organisation or product, and generate a businessvalue. Whilst there are many benefits, the standards offer a structure onhow security can be built, but an organisation needs to understand anddevelop a security adapted to their organisation. In addition to setting upa security framework and implementing controls, organisation need tocreate security assurance processes to continuously review and evaluatemeasures to ascertain security posture.