Compliance is a crucial part of modern-day tech security. Compliance can be defined as an entity’s ongoing adherence to a specific industry’s security rulesets, regulations, and obligations.
More often than not, in industry, this is in the context of data and information security. There are several motivations for an organization to stay compliant.
- CCOs deter potential legal consequences and massive lawsuits - Losing critical customer data is often a shameful event for any organization. The data being compromised and falling into the wrong hands is even worse. The legal ramifications to such data breaches can cost the company, even millions of dollars. Avoiding such messy lawsuits is a benefit of compliance. CCOs can weed out such issues at its root.
- Establish and retain the trust of your clientele. - Customers appreciate confidentiality and security. Your efforts to close all security loopholes will not go unnoticed.
- Do your company wonders - Prevention is better than cure. Flaunt your rock-solid security and build a positive brand reputation.
- Educate your employees - Educate your employees on their importance in the compliance process. Perks can be provided to individuals who religiously follow security protocol.