Published 2024-11-25 08-04
Summary
$2.5M: the average cost of compliance failure in 2024. With new state laws and AI threats, most companies fail audits. Get expert help before regulators come knocking.
Article
“Is your company compliant?” Not a trick question. A $2.5M one.
That’s the average cost of a compliance failure in 2024. And the landscape just got trickier.
Four more states \(Texas, Florida, Oregon, Montana\) just rolled out privacy laws. Each with different rules. Each with serious teeth. The EU’s new Cyber Resilience Act? That’s another layer of complexity if you do business overseas.
Meanwhile, AI-powered attacks are making traditional compliance frameworks look like stone tablets. What worked yesterday won’t cut it tomorrow.
Most companies think they’re compliant. 82% discover they’re not during an audit.
Want the truth? Compliance isn’t a checkbox. It’s an ongoing process that demands expertise, resources, and constant vigilance. Most in-house teams are stretched too thin to handle it properly.
Critical Update specializes in navigating this maze. We translate complex regulations into actionable steps, keeping you ahead of audits and attackers alike.
Because when regulators come knocking, “we thought we were compliant” won’t save you. But we will.
Book a compliance assessment. Before someone else does it for you.
For more about the Critical Update’s services, talk to Luis at
https://linkedin.com/in/thecriticalupdate.
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Keywords: cybersecurity, compliance cost, regulatory audit, legal risk management