Drata, a continuous security and continuous compliance automation platform, has announced the results of its inaugural 2023 Compliance Trends Report, highlighting common pain points, objectives and opportunities with security and IT compliance programmes. The report surveyed 300 IT and security professionals in fast-growing organisations across the US.
From the American Institute of CPA’s SOC 2 framework to ISO 27001 certification established by the International Organization for Standardization, or the European Union’s GDPR law, requirements for data protection are quickly becoming normalised, calling for companies of all industries to continuously manage effective compliance programmes.
According to the 2023 Compliance Trends Report, 87% of respondents have faced consequences as a result of not having continuous compliance, including slowed sales cycles, security breaches, business interruption, loss of a business relationship, a damaged reputation, or fines. With limited staff as a leading challenge in maintaining compliance, the majority of survey respondents cite that increasing budgets and automating processes would improve their abilities.
“It’s clear to see that most IT and InfoSec professionals understand the importance and value of their compliance programmes,” said Adam Markowitz, Drata Co-founder and CEO. “But without proper budgeting and automation, they, unfortunately, feel stuck in the manual management of those programmes and that’s where long-term issues arise and where growth is ultimately prohibited.”
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