While some people like to believe that rules are meant to be broken, when it comes to compliance, not following the rules can result in damaging financial and organizational costs.
In the financial services sector, for instance, The Gramm-Leach-Bliley Act obliges banks and accounting firms to protect consumer data. A check-cashing company was subjected to an investigation by the Federal Trade Commission because it didn't properly dispose of customer information.
On the retail side, the Payment Card Industry Data Security Standard (PCI DSS) enforces security rules and regulations with regard to how payment data is transmitted and stored. The Target breach, which has been the talk of the retail world for much of this year, highlights the vulnerability of retailers when it comes to securing payment card data. And it's not just the big retailers who should be worried.
According to data compiled by CDW for an infographic on compliance, 80 percent of attacks target small retailers.
To learn more about how compliance can impact IT security in your organization, check out the full infographic below and visit cdw.com/security.