Study: Compliance Saves Money
DATA PROTECTIONFebruary 1, 2011
A benchmark study conducted by the Ponemon Institute and sponsored by Tripwire has shown that investing in IT and security compliance can save companies money over time. Bank Info Security reports that through interviews with 160 IT practitioners across a broad range of industries, the study found that companies that review and maintain compliance with security standards spend an average of $3.5 million yearly, while the cost of noncompliance came in at $9.4 million--due mostly to business disruption and loss of productivity, according to the researchers. Tripwire's Rekha Shenoy noted that, in terms of compliance reviews, "PCI was the one that was top of mind across all industries, because they all take card payments."