No Result
View All Result
SUBSCRIBE | NO FEES, NO PAYWALLS
MANAGE MY SUBSCRIPTION
NEWSLETTER
Corporate Compliance Insights
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe
No Result
View All Result
Corporate Compliance Insights
Home GRC Vendor News

2020 Cyber Report: Compliance Burdens Unsustainable

Joint Coalfire-Omdia Research Underscores Need for New Approach

by Corporate Compliance Insights
May 13, 2020
in GRC Vendor News
illustration of businessman pushing large boulder up a steep hill

New and changing regulations, a critical shortage of cybersecurity professionals and digital transformation spell end of status quo

Select respondents seeing more than 40 percent efficiency improvements by applying transformational approach to compliance

Westminster, CO (May 13, 2020) – Coalfire, a provider of cybersecurity advisory and assessment services, today released the Securealities Compliance Research Report in partnership with global analyst consulting firm Omdia. The comprehensive report, “Compliance in the Era of Digital Transformation,” outlines the impact of cybersecurity compliance in this new age of accelerating regulation, pandemic-driven communications and business processes moving to the cloud.

“The compliance landscape has changed dramatically over the last 10 years,” said Adam Shnider, Executive Vice President, Cyber Assurance Services, Coalfire. “Our research confirms that resource burdens have become unsustainable to the point that there may be no light at the end of the tunnel for organizations that fail to adopt new cybersecurity compliance strategies.”

Based on a survey of prominent IT and security executives representing technology, financial services, manufacturing, healthcare, government, and beyond, the report shows how public and private sector organizations are developing actionable solutions to address the ever-growing burden of compliance.

2020 Compliance Report Findings

  • Growing compliance obligations threaten to become unsustainable cost burdens – 51 percent of those surveyed are spending 40% or more of their IT security budgets on compliance.
  • Compliance is a significant barrier to business performance – Nearly 60 percent of companies view compliance as a barrier to enter new markets and prepare news services to meet compliance requirements.
  • Organizations must transform their approach to compliance – Cyber standards are changing from point-in-time assessments to continuous, outcome-based compliance requirements; 66 percent indicate that technology with automation, ongoing visibility and coordinated assessments are critical to compliance transformation and reducing audit fatigue and total cost of compliance.

“Despite the exponential growth in compliance obligations, our research shows that positive business and security outcomes are possible,” said Alan Rodger, Senior Analyst, Omdia. “By adopting new best practices, some organizations are reporting 40 to 50 percent compliance resource savings, and many are using their improved security posture as a competitive differentiator.”

For more information, please refer to the full report, “Compliance in the Era of Digital Transformation” and the infographic.

About Coalfire

Coalfire is the trusted cybersecurity advisor that helps private and public sector organizations avert threats, close gaps and effectively manage risk. By providing independent and tailored advice, assessments, technical testing and cyber engineering services, we help clients develop scalable programs that improve their security posture, achieve their business objectives and fuel their continued success. Coalfire has been a cybersecurity thought leader for nearly 20 years and has offices throughout the United States and Europe. For more information, visit www.coalfire.com.

About Omdia

Omdia is a global technology research powerhouse, established following the merger of the research division of Informa Tech (Ovum, Heavy Reading and Tractica) and the acquired IHS Markit technology research portfolio.

We combine the expertise of over 400 analysts across the entire technology spectrum, analyzing 150 markets publishing 3,000 research solutions, reaching over 14,000 subscribers and covering thousands of technology, media & telecommunications companies.

Our exhaustive intelligence and deep technology expertise allow us to uncover actionable insights that help our customers connect the dots in today’s constantly evolving technology environment and empower them to improve their businesses – today and tomorrow.


Previous Post

NICE Actimize and Infosys Announce Strategic Partnership to Offer End-to-End Financial Crime Solutions

Next Post

Adapting Model Governance to AI/ML Systems for Financial Institutions

Corporate Compliance Insights

Corporate Compliance Insights

Related Posts

business person diving for answers

Diving Into the Deep End of ESG Reporting? Do You Even Know How to Get to the Pool?

by FTI Consulting
June 24, 2022

Companies are eager to establish their ESG programs, and it’s not hard to understand why. But as a trio of...

Stericycle FCPA Enforcement Action

Stericycle FCPA Enforcement Action

by Corporate Compliance Insights
June 23, 2022

Tom Fox dives into the details of Stericycle’s multinational bribery scheme in Latin America that landed the company millions of...

Ethisphere Launches The Sphere to Provide On-Demand Ethics and Compliance Benchmark Analysis

Ethisphere Launches The Sphere to Provide On-Demand Ethics and Compliance Benchmark Analysis

by Corporate Compliance Insights
June 23, 2022

Business ethics think-tank Ethisphere has launched a new product that aims to enable ethics and compliance leaders to efficiently benchmark...

Never the Same: 5 Ways Russia’s Invasion of Ukraine Will Impact Business Forever

Never the Same: 5 Ways Russia’s Invasion of Ukraine Will Impact Business Forever

by Thomas Fox
June 23, 2022

Tom Fox’s musings on the war following a recent chat with Exiger CEO Brandon Daniels; the pair discuss the ways...

Next Post
machine learning concept, woman's face in silhouette with circuit board and binary data flow

Adapting Model Governance to AI/ML Systems for Financial Institutions

Compliance Job Interview Q&A

Jump to a Topic

AML Anti-Bribery Anti-Corruption Artificial Intelligence (AI) Automation Banking Board of Directors Board Risk Oversight Business Continuity Planning California Consumer Privacy Act (CCPA) Communications Management Corporate Culture COVID-19 Cryptocurrency Culture of Ethics Cybercrime Cyber Risk Data Analytics Data Breach Data Governance Decision-Making DOJ Download Due Diligence Enterprise Risk Management (ERM) ESG FCPA Enforcement Actions Financial Crime GDPR HIPAA Know Your Customer (KYC) Machine Learning Monitoring Ransomware RegTech Reputation Risk Risk Assessment SEC Social Media Risk Supply Chain Technology Third Party Risk Management Tone at the Top Training Whistleblowing
No Result
View All Result

Privacy Policy

Founded in 2010, CCI is the web’s premier global independent news source for compliance, ethics, risk and information security. 

Got a news tip? Get in touch. Want a weekly round-up in your inbox? Sign up for free. No subscription fees, no paywalls. 

Follow Us

Browse Topics:

  • CCI Press
  • Compliance
  • Compliance Podcasts
  • Cybersecurity
  • Data Privacy
  • eBooks Published by CCI
  • Ethics
  • FCPA
  • Featured
  • Financial Services
  • Fraud
  • Governance
  • GRC Vendor News
  • HR Compliance
  • Internal Audit
  • Leadership and Career
  • On Demand Webinars
  • Opinion
  • Resource Library
  • Risk
  • Uncategorized
  • Videos
  • Webinars
  • Well-Being
  • Whitepapers

© 2022 Corporate Compliance Insights

No Result
View All Result
  • Home
  • About
    • About CCI
    • Writing for CCI
    • NEW: CCI Press – Book Publishing
    • Advertise With Us
  • Explore Topics
    • See All Articles
    • Compliance
    • Ethics
    • Risk
    • FCPA
    • Governance
    • Fraud
    • Internal Audit
    • HR Compliance
    • Cybersecurity
    • Data Privacy
    • Financial Services
    • Well-Being at Work
    • Leadership and Career
    • Opinion
  • Vendor News
  • Career Connection
  • Events
    • Calendar
    • Submit an Event
  • Library
    • Whitepapers & Reports
    • eBooks
    • CCI Press & Compliance Bookshelf
  • Podcasts
  • Videos
  • Subscribe

© 2022 Corporate Compliance Insights

Welcome to CCI. This site uses cookies. Please click OK to accept. Privacy Policy
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT