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Report: Noncompliance Much More Costly Than Compliance
From: InfoSec News <alerts () infosecnews org>
Date: Tue, 1 Feb 2011 00:46:14 -0600 (CST)
http://www.darkreading.com/security-monitoring/167901086/security/security-management/229200129/report-noncompliance-much-more-costly-than-compliance.html By Kelly Jackson Higgins Darkreading Jan 31, 2011 If you're wondering whether the cost of complying with security regulations is really worth it financially, think again, according to a new report: Noncompliance costs organizations, on average, 2.65 times more than meeting compliance rules does. The Ponemon Institute study -- which was commissioned by Tripwire -- of 46 global firms during a 12-month period found that meeting compliance costs on average $3.5 million, while noncompliance can add up to around $9.4 million in costs including business disruption, productivity loss, revenue loss, and fines. Ponemon conducted benchmark studies of organizations in various industries (none of which were customers of Tripwire) and interviewed some 160 executives in those organizations. Companies spent between $446,000 to more than $16 million during that period, according to the Ponemon report, with the most expensive compliance efforts being data protection and enforcement. Technologies for data protection and incident response management incurred the biggest bills. In noncompliant scenarios, business disruption and loss of productivity were the costliest outcomes -- an average of $3.2 million and $2.4 million, respectively. [...] ___________________________________________________________ Tegatai Managed Colocation: Four Provider Blended Tier-1 Bandwidth, Fortinet Universal Threat Management, Natural Disaster Avoidance, Always-On Power Delivery Network, Cisco Switches, SAS 70 Type II Datacenter. Find peace of mind, Defend your Critical Infrastructure. http://www.tegataiphoenix.com/
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