NAVEX report: Driven by cyber threats, infosec compliance top of mind
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).