Videocast

The True Cost of Compliance: The Economic Impact to your Business

If you're responsible for the compliance efforts of your organization, getting sign-off for more investment in compliance activities can be a challenge. The recent True Cost of Compliance study by Ponemon Institute quantifies, for the first time, the overall cost of compliance. For example, it found that the cost of non-compliance—for example, fines, legal fees, and disrupted services—was almost three times the cost of compliance. Compliance costs include costs for technology, audits, training programs and other activities or purchases. The results may be just the leverage needed to spur greater investment in compliance.

In this video, Larry Ponemon, founder of Ponemon Institute, highlights the study's findings, including:

  • The average dollar amount organizations spend annually on compliance and non-compliance costs.
  • The impact more frequent audits have on the overall cost of compliance.
  • The impact an organization's security posture has on its cost of non-compliance.
  • Why costs may vary by industry.
  • Recommendations for where to allocate your funds to achieve the best security and compliance outcomes while reducing overall compliance costs.

So watch the video and learn what factors may impact the total cost of compliance and actions you can take to reduce those costs.

Sign In

to register for this Videocast