Transcription of Whitepaper: The True Cost of Compliance with Data ...
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Whitepaper: The True Cost of Compliance with Data ...
Sponsored by GlobalscapeIndependently conducted by Ponemon Institute LLCP ublication Date: December 2017 BENCHMARK STUDY OF MULTINATIONAL ORGANIZATIONSTHE TRUE COST OF Compliance WITH DATA PROTECTION REGULATIONS2 CONTENTSPART 1: executive summary ..3 PART 2: KEY FINDINGS ..6 PART 3: SAMPLE OF PARTICIPATING ORGANIZATIONS ..19 PART 4: CONCLUSION ..21 PART 5: COST FRAMEWORK ..24 APPENDIX ..26 BENCHMARK METHODS ..263 Sponsored by Globalscape, Ponemon Institute Research Report | 3 Multinational organizations in all industries must comply with privacy and data protection laws, regulations and policies designed to protect individuals sensitive and confidential information. Compliance requires organizations to adopt and implement a variety of costly activities that include process, people and technologies. In this year s study, companies expressed concern about achieving Compliance with the EU s General Data Protection Regulation (GDPR) by May 25, 2018.
EXECUTIVE SUMMARY. 4. COMPANIES ARE SPENDING MORE ON COMPLIANCE AND THE CONSEQUENCES OF NON -COMPLIANCE THE COST OF BEING IN COMPLIANCE. Figure 1. Difference between Compliance and Non-compliance ... compliance cost is inversely related to the percentage of compliance spending in relation to the total IT budget. Clearly, a
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