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How IT Compliance Auditing Can Save You Money by Britton Connell
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How IT Compliance Auditing Can Save You Money |
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Business
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IT compliance auditing can save you a lot of money. If you look at the cost of an audit and turn your nose up at it because you don’t want to spend the money, you may be risking your entire business. One security breach can cost you a significant amount of money – and this doesn’t just have to do with the profits sitting in your bank account. Learn how scheduling an audit can be the best money you can spend on your business. Avoid a Monetary Loss If you don’t use IT compliance auditing, you could become the next victim of a security breach. Research has indicated that the average monetary loss for a company that experiences such a breach is $5 million. This could be any combination of bank accounts, corporate data, financial accounts, and much more. There is no telling what a hacker can get once they get inside of your system. An audit is going to look at your system from all angles. This includes web applications, back doors, and more. Avoid a Shift in Your Reputation In today’s media-frenzy of a world, all it takes is one person to post about the data breach for the entire world to find out that you encountered a hack. People are going to go on the defensive and look to protect themselves. This means they may close an account with you, stop buying, and tell their friends. While the hack may not have been directly caused by you, not partaking in IT compliance auditing caused the hack to be possible. Your reputation may drop significantly because people don’t trust you. They don’t trust that their information is safe in your hands. This means that online ordering may drop and people providing you with any personal information may come to a halt. Avoid Paying More Labor As you deal with a security breach, you are going to be spending a lot of money in labor. This is due to having more IT people focus on the problem and more employees drop off on their productivity because of having to circle back and address the problem. Had you focused more on IT compliance auditing, none of this would have happened. Paying more labor to deal with the problem is entirely your fault because you failed to run checks on your system as often as you should have been doing. The cost of an IT compliance audit is a minimal amount of money when you look at the big picture. You can’t NOT afford to spend the money because you can’t run the risk of someone hacking into your system. No business is safe from being hacked. Some companies will say they are too big to worry about it while others will say they are too small. Large and small companies alike have been hit and both have suffered significantly from it. You can take the defensive by doing some IT compliance audit – and it will save you money.
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compliance auditing, security auditing, information technology,
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