Friday, February 04, 2011

Report: Noncompliance Much More Costly Than Compliance


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.

See full Article.