Why Compliance Matters ?
Many companies are so focused on developing products and running their business that they ignore the growing need for a compliance management strategy.
According to a recent survey, 92% of data breaches were discovered by third parties. This statistic tells us that most businesses only focus on compliance management when customers or partners tell them about a breach that has already occurred, or even worse, they see themselves on the news. By that time, however, it is already too late.
According to the same survey report, 97% of those attacks were easily avoidable. But if you’ve ever had to prepare for a compliance inspection, you know how easily it turns into a frantic scramble. So let us repeat: 97% of those attacks were easily avoidable. It’s not rocket science, it’s just sound business. Compliance directives encourage companies to act responsibly towards their customers, employees and business partners; to consider their environment and shareholders.