IT Regulatory compliance is a set of guidelines that the law requires an organization to follow. With increasing threats on the rise, it is crucial to have all IT systems standardized and secure to ensure no loopholes can be exploited in procedures and employee behavior.
The sheer volume of laws and regulations that organizations must comply with in their technological environment is ever increasing. To stay in compliance, it is imperative that you have a team that can tweak your IT infrastructure to remain compliant and secure.
While regulations can seem restrictive or difficult to comply with, they are enacted for a reason. They help protect your business, employees, and stakeholders. Failing to adhere to these requirements can open your business up to fraud, data breaches and potential safety concerns.
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Ensuring that your organization follows the most demanding regulations concerning your clients’ privacy and digital information is of the utmost importance.
More than 33 billion records will be stolen by cybercriminals by 2023, an increase of 175% from 2018.
Forty-three percent of attacks are aimed at SMBs, but only 14% are prepared to defend themselves (Accenture).
The cost of cybercrime is predicted to hit $10.5 trillion by 2025, according to the latest version of the Cisco/Cybersecurity Ventures “2022 Cybersecurity Almanac.”.
The internal team was energized. With the Level 1 work off its plate, the team turned its attention to the work that fueled company growth and gave them job satisfaction.
The average cost of a data breach in the United States is $8.64 million, which is the highest in the world, while the most expensive sector for data breach costs is the healthcare industry, with an average of $7.13 million (IBM).
The three sectors with the biggest spending on cybersecurity are banking, manufacturing, and the central/federal government, accounting for 30% of overall spending (IDC).
It takes an average of 287 days for security teams to identify and contain a data breach, according to the “Cost of a Data Breach 2021” report released by IBM and Ponemon Institute.
40% of businesses will incorporate the anywhere operations model to accommodate the physical and digital experiences of both customers and employees (Techvera).
We did a proof of concept that met every requirement that our customer might have. In fact, we saw a substantial improvement.
We did everything that we needed to do, financially speaking. We got our invoices out to customers, we deposited checks, all the things we needed to do to keep our business running, and our customers had no idea about the tragedy. It didn’t impact them at all.
“We believe our success is due to the strength of our team, the breadth of our services, our flexibility in responding to clients, and our focus on strategic support.”
