The need to continually validate controls and policies to meet internal, industry and regulatory compliance requirements puts a tremendous strain on IT and security resources.
Manual compliance and audit processes are inefficient, not repeatable and often inaccurate. This increases the time it takes to prepare for an audit and the likelihood of rework and additional audits.
Because audits are just a point in time, manually validating a compliance audit once does not guarantee you are maintaining continuous compliance.
When a compliance audit fails, the organization could be subjected to more stringent audits and penalties that could impact business revenue and reputation.
Depending upon the industry or regulatory mandate, compliance violations may need to be publicly disclosed which could impact revenue and reputation of the business.
Industry and regulatory mandates such as GDPR, Sarbanes-Oxley, PCI-DSS, HIPAA, and others carry significant penalties and fines for compliance violations.
Many compliance requirements emphasize security controls to protect the best interest of the company and its customers. Weak controls and non-compliance introduce risk.
Failed audits increase the need for additional internal and external audits which puts even more stress on staff resources and increases the cost of compliance auditing.
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