{"id":205619,"date":"2024-03-20T12:32:24","date_gmt":"2024-03-20T12:32:24","guid":{"rendered":"https:\/\/www.techopedia.com\/?p=205619"},"modified":"2024-03-20T12:32:24","modified_gmt":"2024-03-20T12:32:24","slug":"fail-your-cybersecurity-compliance-audit-face-a-10x-chance-of-getting-hacked","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/hackers-10x-more-likely-to-strike-when-you-fail-compliance-audit","title":{"rendered":"Fail Your Cybersecurity Compliance Audit? Face a 10X Chance of Getting Hacked"},"content":{"rendered":"

Last year, the world spent more than $188 billion<\/a> on cybersecurity<\/a> to protect businesses, industries, and critical infrastructures against cyber threats.<\/p>\n

Yet data breaches have not just persisted but surged, highlighting a gap between financial investments and the effectiveness of cybersecurity measures.<\/p>\n

In a world where ransomware gangs are teaming up<\/a>, hackers gain access to Microsoft\u2019s source code<\/a>, and millions of people face phishing attacks per year<\/a>, it feels hard to have data on the internet for more than a few minutes before a threat actor will start attacking.<\/p>\n

Amidst this backdrop of escalating threats, organizations’ readiness to respond with actionable plans must be more robust to remove the fundamental flaws in current cybersecurity strategies\u00a0 \u2014 especially when it puts customer data at risk.<\/p>\n

But at the heart of these problems lies the issue of compliance \u2014 or, more precisely, the lack of it.<\/p>\n

According to Thales, a stark correlation has emerged between compliance audit outcomes and security breaches: 84% of organizations that failed a compliance audit had experienced a breach<\/strong>, with 31% occurring in the past year, compared to only 21% of compliant organizations reporting breach history and a mere 3% in the last year.<\/p>\n

Moreover, the 43% of enterprises failing compliance audits last year were ten times more likely to suffer a data breach<\/strong>, underscoring the critical link between rigorous compliance standards and reduced cybersecurity risks.<\/p>\n

This juxtaposition begs the critical question: Why is there such a disconnect between the sums spent on cybersecurity defenses and their success rate in thwarting breaches?<\/p>\n

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