Compliance teams are taking more responsibility for issues related to information security (infosec) and data privacy, motivated by increasing threats posed by data breaches and cyber intrusions, according to a new survey from NAVEX.
Nearly a third (30 percent) of respondents in NAVEX’s “2023 State of Risk and Compliance Report” said their firm had suffered a data privacy or cybersecurity breach within the past three years. It was the most common compliance issue reported.
As a result, it is perhaps unsurprising 85 percent of respondents said infosec compliance was very important or absolutely essential for their organization, on par with regulatory compliance (83 percent).
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