August 2024 edition: 9 reasons compliance is a catalyst for business growth ??
Complying with security and regulatory frameworks has become essential for building customer trust, improving operational efficiency, and abiding by legal requirements, among other benefits. As a result, organizations are often challenged with complying with multiple frameworks.
In 2023, almost 70% of service organizations said they need to demonstrate compliance or conformity to at least six frameworks spanning information security and data privacy taxonomies.
Compliance can present challenges in terms of resource allocation, costs, skilled personnel, and more so it's important to understand the ROI.
In this month's edition of Secureframe Insights, we explore why compliance is a strategic advantage, best practices for simplifying and speeding up compliance with multiple frameworks, and the role vCISOs can play in your compliance journey. Let's dive in ??
The Competitive Advantage of Compliance: 9 Reasons to Prioritize Data Security and Privacy
Compliance can serve as a powerful competitive advantage in today's business landscape. In industries where trust, transparency, and regulatory adherence are paramount, compliance with respected data security and privacy frameworks such as?SOC 2,?ISO 27001, and?NIST 800-53?not only ensures robust security measures but also offers a competitive advantage.?
Examine the compelling reasons organizations are prioritizing compliance, including revenue growth, competitive differentiation, customer trust, market expansion, cost savings, operational efficiency, and more.?
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Regulatory Compliance Checklist
Organizations that fail to put protective measures in place to comply with local, federal, state, or industry regulations risk financial penalties and reputational damage.
This checklist provides a breakdown of steps that your organization can take to comply with laws and regulations, from creating a regulatory compliance plan to setting up continuous monitoring.
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From the experts
Compliance expert and Manager of Customer Success Jonathan Leach discusses a common misconception people have about security and compliance and more.
Other Resources
Secureframe Insights is currently published once a month and is designed to share the latest cybersecurity and compliance insights, news, and events. You can find other resources to help you navigate the complexities of compliance below.