IT compliance and security are necessary for the protection of clients, customers, employees, and companies’ privacy and for increasing the trust that the customers have in a business. When companies follow high privacy standards and digital security through compliance standards, their customers end up feeling secure when using their services.

Even if you leave customers out of the picture, the importance of IT compliance regulations in the US can still be seen as having a lasting impact on your business reputation and revenue. For example, the cost of non-compliance can add up to businesses losing $5,107,206 on average, heavy legal penalties, and lost business opportunities associated with the inability to partner with a company that operates in a compliance-heavy geographical area.

With industry compliance and regulations becoming so prevalent in the digital space, why are businesses still struggling with their adherence? Here are some reasons that we have identified after being a part of over 300 businesses’ digital journey.

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