Regulatory Compliance: The Perception and The Reality
Regulatory compliance. We have all heard the term and for many business owners, the way to handle it is to stick their head in the sand and stay out of the spotlight. Why? It is complicated and expensive and they can’t justify the ROI. Others justify their actions by saying that the fines and penalties are far less than it would cost to comply. Until they get attacked. There is a huge discrepancy in the preparedness level of companies with these regulatory frameworks and it is not going to get any less complicated with more and more states and federal governments enacting rigorous regulatory schemes. In January of this year, CCPA in California went into full effect and In June CMMC will drop. Other countries are following suit. It is time for businesses to wake up and get in line or shut their doors as soon as there will be no other choice.