SAN
DIEGO, Jan.
30,
2023 /PRNewswire/
— Drata,
a
continuous
security
and
compliance
automation
platform,
today
announced
the
results
of
its
inaugural
2023
Compliance
Trends
Report,
highlighting
common
pain
points,
objectives,
and
opportunities
with
security
and
IT
compliance
programs.
The
report
surveyed
300
IT
and
security
professionals
in
fast-growing
organizations
across
the
U.S.
From
the
American
Institute
of
CPAs’
SOC
2
framework
to
ISO
27001
certification
established
by
the
International
Organization
for
Standardization,
or
the
European
Union’s
GDPR
law,
requirements
for
data
protection
are
quickly
becoming
normalized,
calling
for
companies
of
all
industries
to
continuously
manage
effective
compliance
programs.
According
to
the
2023
Compliance
Trends
Report,
87%
of
respondents
have
faced
consequences
as
a
result
of
not
having
continuous
compliance,
including
slowed
sales
cycles,
security
breaches,
business
interruption,
loss
of
a
business
relationship,
a
damaged
reputation,
or
fines.
With
limited
staff
as
a
leading
challenge
in
maintaining
compliance,
the
majority
of
survey
respondents
cite
that
increasing
budgets
and
automating
processes
would
improve
their
abilities.
Drata’s
research
also
shows:
-
68%
of
respondents
believe
compliance
opens
new
business
opportunities
or
acts
as
a
differentiator,
while
32%
view
it
as
burdensome
or
just
a
checkbox -
74%
admit
to
vulnerabilities
in
their
risk
or
security
programs
that
are
not
being
addressed
or
covered
due
to
a
lack
of
bandwidth
or
resources -
For
those
who
already
have
continuous
compliance
automated
processes,
the
number
one
benefit
was
the
ability
to
easily
attract
new
customers
(67%)
“It’s
clear
to
see
that
most
IT
and
infosec
professionals
understand
the
importance
and
value
of
their
compliance
programs,”
said Adam
Markowitz,
Drata
Co-Founder
and
CEO.
“But
without
proper
budgeting
and
automation,
they
unfortunately
feel
stuck
in
the
manual
management
of
those
programs,
and
that’s
where
long-term
issues
arise
and
where
growth
is
ultimately
prohibited.”
Please
view Drata’s
2023
Compliance
Trends
Report for
more
information.
About
Drata
Drata
is
the
world’s
most
advanced
security
and
compliance
automation
platform
with
the
mission
to
make
compliance
effortless
and
accessible.
With
Drata,
thousands
of
companies
streamline
over
14
compliance
frameworks—such
as
SOC
2,
ISO
27001,
GDPR,
and
more—through
continuous,
automated
control
monitoring
and
evidence
collection,
resulting
in
a
strong
security
posture,
lower
costs,
and
less
time
spent
preparing
for
annual
audits.
The
company
is
backed
by
ICONIQ
Growth,
Alkeon
Capital,
Salesforce
Ventures,
GGV
Capital,
Cowboy
Ventures,
S
Ventures,
Leaders
Fund,
Okta
Ventures,
SVCI,
SV
Angel,
and
many
key
industry
leaders.
For
more
information,
visit drata.com.
SOURCE
Drata
Inc.
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