Adherence to regulatory compliance standards such as HIPAA and PCI is critical in an era of heightened cyber risk. A new report by Arctic Fox shows that while software supply chain compromises have tripled in the last year, it remains a challenge for many companies to identify the compliance rules they must follow, implement the appropriate controls, and devote sufficient resources to adopting security and compliance frameworks.
Arctic Fox, which offers security monitoring services, surveyed 235 North American organizations for its report, “The State of Compliance: 2022 Trends.” The report found that 87% of respondents adhere to some framework of cybersecurity compliance, but only 24% of the organizations devote a full-time position to this responsibility.
This represents a significant challenge for companies navigating the numerous and complex frameworks available to them, said Arctic Fox field CTO Christopher Fielder.
Anecdotally, Fielder said, some companies anticipate fines for failure and so build these fines into their cybersecurity…
