{"id":5932,"date":"2023-09-07T11:57:16","date_gmt":"2023-09-07T11:57:16","guid":{"rendered":"https:\/\/news969.com\/?p=5932"},"modified":"2023-09-07T11:57:16","modified_gmt":"2023-09-07T11:57:16","slug":"how-much-may-cybersecurity-compliance-services-cost","status":"publish","type":"post","link":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/","title":{"rendered":"How much may cybersecurity compliance services cost?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Any organization relying on the highly sought-after asset of data has to implement cybersecurity measures to be usable. Measures that are considered competent when using <\/span><a href=\"https:\/\/underdefense.com\/services\/cybersecurity-compliance\/\"><span style=\"font-weight: 400;\">cybersecurity compliance services<\/span><\/a><span style=\"font-weight: 400;\"> always have to meet the standards set by relevant authorities according to UnderDefense. As you can imagine, the services are essential and thus, will cost organizations something, but how much exactly?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let&#8217;s take a detailed look at compliance, address the previous question and talk about <\/span><span style=\"font-weight: 400;\">the cybersecurity compliance services<\/span><span style=\"font-weight: 400;\">, including their potential costs for organizations. Given the significance of data in our modern world, it is crucial to learn as much as possible about cybersecurity.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6640243c50e55\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6640243c50e55\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#Looking_at_compliance\" title=\"Looking at compliance\">Looking at compliance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#Main_regulations\" title=\"Main regulations\">Main regulations<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#The_cost_of_compliance\" title=\"The cost of compliance\">The cost of compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#How_to_lower_prices\" title=\"How to lower prices\">How to lower prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#The_benefits_of_spending_on_compliance\" title=\"The benefits of spending on compliance\">The benefits of spending on compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#Final_thoughts\" title=\"Final thoughts\">Final thoughts<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Looking_at_compliance\"><\/span><span style=\"font-weight: 400;\">Looking at compliance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Cybersecurity compliance, as hinted at below simply refers to the meeting of data protection standards set by relevant authorities. The regulations they create ensure that every piece of important information is kept safe in the right manner at any point of its handling. And the <\/span><span style=\"font-weight: 400;\">cybersecurity compliance service<\/span><span style=\"font-weight: 400;\"> can help to maintain it properly. If you\u2019re a customer of any company that requires your private information, their failure to comply with relevant authorities should be a red flag.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is particularly true for sectors such as health and finance, which are at the top of the list of <\/span><a href=\"https:\/\/www.techbusinessnews.com.au\/what-industries-are-most-vulnerable-to-cyberattacks-in-2022\/\"><span style=\"font-weight: 400;\">among the most vulnerable to cyber-attacks<\/span><\/a><span style=\"font-weight: 400;\">. These sectors typically ask for information such as credit card numbers and personal addresses, so you can imagine that handling them well is key to gaining customer trust.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Main_regulations\"><\/span><span style=\"font-weight: 400;\">Main regulations<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Several regulations exist and should be looked for as verification of trustworthy cybersecurity. The following are just a few authorities\/regulations that organizations typically comply with:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/Health_Insurance_Portability_and_Accountability_Act\"><span style=\"font-weight: 400;\">HIPAA<\/span><\/a><span style=\"font-weight: 400;\"> or the Health Insurance and Accountability Act, focuses on protecting sensitive healthcare-related data<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/en.wikipedia.org\/wiki\/General_Data_Protection_Regulation\"><span style=\"font-weight: 400;\">GDPR<\/span><\/a><span style=\"font-weight: 400;\"> or General Data Protection Regulation, is an EU-imposed act that ensures that organizations gathering data and targeting people do it properly<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/oag.ca.gov\/privacy\/ccpa\"><span style=\"font-weight: 400;\">CCPA<\/span><\/a><span style=\"font-weight: 400;\"> or California Consumer Privacy Act, which is the Californian version of the GDPR, extending privacy protections for cali residents&#8217; personal information.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SOC 2, on the other hand, gives guidelines on how customer records have to be handled and provides standards for how organizations should manage and secure customer records, primarily focusing on service providers&#8217; controls and processes.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"The_cost_of_compliance\"><\/span><span style=\"font-weight: 400;\">The cost of compliance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Compliance in itself will cost you a lot, with some mandates such as the GDPR running organizations up well over seven figures. Many will give averages concerning this, but in reality, what one spends on compliance will depend on what regulations they are trying to comply with as well as their own needs. As such, knowing the cost of compliance very much varies from case to case.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Each agency or regulatory authority will come with its own set of offers and depending on the organization, prices will change. A prime example of this is SOC 2, which takes into account various factors before landing on a price and some of these include the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">size\/complexity of organization<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">auditor fees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">technology used<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">staff training<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With all these factors considered, the accompanying price tag will vary although the common ends up being between $7000 and $50000, with much higher costs being common as well. Similar factors are also used to determine the prices of other compliance mandates, although with some variations in prices. Several other variables can influence the pricing of compliance:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">industry specifics<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">geolocation reach<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">data volume<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">consulting\/legal fees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">audit and reporting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">continuous monitoring<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">penalties and fines<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_lower_prices\"><\/span><span style=\"font-weight: 400;\">How to lower prices<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">With digital adoption rising along with cyber attacks, the regulations that are designed to help combat them do as well. As such, <\/span><span style=\"font-weight: 400;\">cybersecurity compliance services help<\/span><span style=\"font-weight: 400;\"> businesses navigate through the whole thing and it is considered to be an essential necessity. This is legally achievable by adopting a few practices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of these is via the use of automation, which removes any human error that could occur from the manual handling of data. In the same vein, centralizing as many mandates as possible will help streamline all operations while also improving scalability. In adopting these measures, the organization can worry less about this particular aspect of operations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s also incredibly wise for an organization to be prepared before any attack occurs, which often requires security measures to already be in place. This usually comes in the form of having experienced internal or outsourced personnel as well as compliance tools at your disposal when needed. Similarly, organizations should remain vigilant and address issues and threats whenever they are detected.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_benefits_of_spending_on_compliance\"><\/span><span style=\"font-weight: 400;\">The benefits of spending on compliance<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Smaller businesses will look often at the above prices and think that it may be too much of an expense. While the costs are noticeable, the advantageous position it puts your organization in is often worth it. Below is a list of just a few of the advantages of acquiring compliance services:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improves overall organizational security<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Builds and maintains trust between parties<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Creates customer loyalty and trust<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduces the risk of legal action taken as a result of poor handling of data<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps organizations evade fines that could result from non-compliance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Maintains an organization\u2019s reputation<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When you choose to invest in compliance services, you&#8217;re not just checking off legal boxes. You&#8217;re actually boosting your business&#8217;s security, trustworthiness and competition power. This all adds up to a stronger foundation for long-term success and profit.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_thoughts\"><\/span><span style=\"font-weight: 400;\">Final thoughts<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The above information shows us that while the expenses in question are by no means anything to scoff at, the consequences of not spending on compliance will be way more costly. Not <\/span><span style=\"font-weight: 400;\">spending on cybersecurity compliance services<\/span><span style=\"font-weight: 400;\"> typically leads to a litany of issues. These include the aforementioned legal issues, attacks, non-compliance fines as well and reduced operational efficiency due to the lack of proper data handling.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Paying for the services is one thing, but it\u2019s important to remember to have the right tools in place to prepare. This is why organizations should have the right experts and tools in place to offer advice as well as to sort through the ever-increasing list of regulations. With that aid from either internal or outsourced teams, things will be a lot smoother.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Any organization relying on the highly sought-after asset of data has to implement cybersecurity measures to be usable. Measures that are considered competent when using cybersecurity compliance services always have to meet the standards set by relevant authorities according to UnderDefense. As you can imagine, the services are essential and thus, will cost organizations something, [&hellip;]<\/p>\n","protected":false},"author":1703,"featured_media":5933,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1807],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How much may cybersecurity compliance services cost? - Latest Technology News - Gaming &amp; PC Tech Magazine- News969<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How much may cybersecurity compliance services cost? - Latest Technology News - Gaming &amp; PC Tech Magazine- News969\" \/>\n<meta property=\"og:description\" content=\"Any organization relying on the highly sought-after asset of data has to implement cybersecurity measures to be usable. 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- Latest Technology News - Gaming &amp; PC Tech Magazine- News969","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/","og_locale":"en_US","og_type":"article","og_title":"How much may cybersecurity compliance services cost? - Latest Technology News - Gaming &amp; PC Tech Magazine- News969","og_description":"Any organization relying on the highly sought-after asset of data has to implement cybersecurity measures to be usable. Measures that are considered competent when using cybersecurity compliance services always have to meet the standards set by relevant authorities according to UnderDefense. As you can imagine, the services are essential and thus, will cost organizations something, [&hellip;]","og_url":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/","og_site_name":"Latest Technology News - Gaming &amp; PC Tech Magazine- News969","article_published_time":"2023-09-07T11:57:16+00:00","og_image":[{"width":996,"height":665,"url":"https:\/\/news969.com\/wp-content\/uploads\/2023\/09\/standard-quality-control-concept-m_23-2150041841.webp","type":"image\/webp"}],"author":"vinay","twitter_card":"summary_large_image","twitter_misc":{"Written by":"vinay","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/","url":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/","name":"How much may cybersecurity compliance services cost? - Latest Technology News - Gaming &amp; PC Tech Magazine- News969","isPartOf":{"@id":"https:\/\/news969.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#primaryimage"},"image":{"@id":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#primaryimage"},"thumbnailUrl":"https:\/\/news969.com\/wp-content\/uploads\/2023\/09\/standard-quality-control-concept-m_23-2150041841.webp","datePublished":"2023-09-07T11:57:16+00:00","dateModified":"2023-09-07T11:57:16+00:00","author":{"@id":"https:\/\/news969.com\/#\/schema\/person\/ce542cdf9afb894868372372cee47a33"},"breadcrumb":{"@id":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#primaryimage","url":"https:\/\/news969.com\/wp-content\/uploads\/2023\/09\/standard-quality-control-concept-m_23-2150041841.webp","contentUrl":"https:\/\/news969.com\/wp-content\/uploads\/2023\/09\/standard-quality-control-concept-m_23-2150041841.webp","width":996,"height":665,"caption":"cybersecurity compliance services"},{"@type":"BreadcrumbList","@id":"https:\/\/news969.com\/how-much-may-cybersecurity-compliance-services-cost\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/news969.com\/"},{"@type":"ListItem","position":2,"name":"How much may cybersecurity compliance services cost?"}]},{"@type":"WebSite","@id":"https:\/\/news969.com\/#website","url":"https:\/\/news969.com\/","name":"Latest Technology News - Gaming &amp; PC Tech Magazine- News969","description":"Latest Technology News - Gaming &amp; PC Tech Magazine- News969","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news969.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/news969.com\/#\/schema\/person\/ce542cdf9afb894868372372cee47a33","name":"vinay","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news969.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/06cdcc4b653be8dd515e6e03b5bcaa30?s=96&d=monsterid&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/06cdcc4b653be8dd515e6e03b5bcaa30?s=96&d=monsterid&r=g","caption":"vinay"},"url":"https:\/\/news969.com\/author\/vinay\/"}]}},"_links":{"self":[{"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/posts\/5932"}],"collection":[{"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/users\/1703"}],"replies":[{"embeddable":true,"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/comments?post=5932"}],"version-history":[{"count":0,"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/posts\/5932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/media\/5933"}],"wp:attachment":[{"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/media?parent=5932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/categories?post=5932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news969.com\/wp-json\/wp\/v2\/tags?post=5932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}