Security News > 2024 > June > Security providers view compliance as a high-growth opportunity

85% of managed service and security providers face significant challenges maintaining compliance for customers, with lack of resources, expertise, or technology cited as the most common roadblocks to offering managed compliance, according to Apptega.

While 80% of the surveyed providers provide some form of compliance offering, many only offer compliance in an advisory capacity and only 15% offer compliance primarily as a managed service.

While providers recognize the benefits of continuous compliance and are interested in offering the service, nearly half receive less than 10% of their revenue from compliance services and only 26% generate more than a quarter of their revenue from compliance services.

3 out of 4 respondents view compliance as a "High growth" business and 86% are interested in continuous compliance as a service offering for their clients.

Although using spreadsheets to manage cybersecurity compliance is an outdated approach, more than half of providers are still using spreadsheets to track, measure, and report on cybersecurity compliance for their clients.

"Clearly, managed compliance represents a lucrative opportunity for the relative few services and security providers equipped to offer it," said Christopher Yula, VP of Sales & Strategy at CyberSecOp.

News URL

https://www.helpnetsecurity.com/2024/06/11/security-compliance-maintaining-challenges/