Security News > 2020 > October > Compliance activities cost organizations $3.5 million annually

Organizations are struggling to keep up with IT security and privacy compliance regulations, according to a Telos survey.

The survey, which polled 300 IT security professionals in July and August 2020, revealed that, on average, organizations must comply with 13 different IT security and/or privacy regulations and spend $3.5 million annually on compliance activities, with compliance audits consuming 58 working days each quarter.

86 percent of organizations believe compliance would be an issue when moving systems, applications and infrastructure to the cloud.

94 percent of organizations report they would face challenges when it comes to IT security compliance and/or privacy regulations in the cloud.

"Compliance teams spend 232 working days each year responding to audit evidence requests, in addition to the millions of dollars spent on compliance activities and fines," said Dr. Ed Amoroso, CEO of TAG Cyber.

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