- Most organizations spend between 25 and 40 percent of their security budget on compliance-related activities.
- Despite this growing investment in compliance, only 28% of organizations believe that government regulations help them improve cybersecurity.
- The cost of complying with cybersecurity and data protection requirements has risen to the point where 58% of companies see compliance costs as barriers to entering new markets.
- However, recent reports suggest that while the costs of complying are higher, the costs of non-compliance are almost three times greater.
Our Advice
Critical Insight
- Test once, attest many. Having a control framework allows you to satisfy multiple compliance requirements by testing a single control.
- Choose your own conformance adventure. Conformance levels allow your organization to make informed business decisions on how compliance resources will be allocated.
- Put the horse before the cart. Take charge of your audit costs by preparing test scripts and evidence repositories in advance.
Impact and Result
- Reduce complexity within the control environment by using a single framework to align multiple compliance regimes.
- Provide senior management with a structured framework for making business decisions on allocating costs and efforts related to cybersecurity and data protection compliance obligations.
- Reduces costs and efforts related to managing IT audits through planning and preparation.
- This blueprint can help you comply with NIST, ISO, CMMC, SOC2, PCI, CIS, and other cybersecurity and data protection requirements.