How do today’s top security leaders manage compliance?
COMPLIANCE REPORT 2023
Securealities: Managing & Monetizing Multiple Frameworks
What’s in this report from Coalfire and Omdia:
Today’s compliance assessment and assurance demands are continuously evolving and encompass every corner of the economy. The resulting expanded attack surface and compliance-driven costs fall hard on the shoulders of corporations, directly impacting their products, supply chains and customers.
Coalfire and Omdia surveyed 300 security and IT professionals, spanning industries like financial services, IT, education and healthcare to see what’s changed in the world of compliance — and how today’s challenges can be met more effectively.
Here are a few of their key findings:
- 84% of retail, financial services, tech and healthcare companies are impacted by mandatory requirements of data protection frameworks.
- Almost 70% manage at least six frameworks, and 59% have multiple systems subject to compliance requirements.
- 58% have seen an uptick in compliance costs since 2020; over 40% claim 25%+ budget increases since then and believe their compliance spend will continue to grow.