Global cybersecurity risk advisory and assessment provider Coalfire has just released a comprehensive new research report with data about cybersecurity compliance priorities, strategies and practices. The report summarizes findings from a survey, conducted together with global analyst consulting firm Omdia, of senior risk, security and IT executives in global organizations and reveals the need for a new approach.
Highlights include:
- For the majority of organizations, growing compliance obligations are now consuming 40 percent or more of IT security budgets and threaten to become an unsustainable cost.
- Compliance is already a significant barrier to business opportunities; 58 percent of companies now view compliance as a material barrier to entering new markets.
- Positive impacts are possible; those deploying innovative approaches are seeing 40 to 50 percent savings in internal compliance resource requirements.
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