Cost of Regulatory Security Compliance? On Average, $3.5M

Monday Jan 31st 2011 by Datamation.com Staff
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Specialized technologies, incident management, and audit and assessment account for many of the expenditures.

NetworkWorld: According to a new Ponemon Institute study sponsored by Tripwire, 46 multinational companies spend an average of $3.5 million to achieve compliance with various legal and industry mandates. The survey respondents said the Payment Card Industry Data Security Standard (PCI DSS) was both the "most important" and "the most difficult to comply with." The categories with the biggest compliance expenses included specialized technologies, incident management, and audit and assessment.

The survey also found that the companies which conducted the most internal audits per year had the lowest overall compliance costs.

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