You may think the cost of compliance is an unnecessary additional business expense, but the cost of non-compliance goes way beyond just fines. When a company fails to meet compliance standards and regulations, they may pay even more with business disruptions, productivity loss, revenue loss, penalties and fines, and reputation damage. According to a recent report by the Ponemon Institute, organizations spend $5.47 million on compliance compared to an average of $14.82 million for non-compliance.
Your company needs to keep up with all of the latest compliance regulations to protect your business assets and your clients. At LTS, we follow the latest regulatory frameworks, including the NIST Cybersecurity Framework, to make sure our clients stay protected and compliant.
Click below to learn more about how compliance is a critical part of a cybersecurity strategy from our partners at Fortinet: