Technology And Remediation Highest Compliance Costs
Overall, the Ponemon study identified six areas of compliance costs associated with protecting data. By far the biggest expense for organizations was in the area of adopting new technology, costing on average around $1.03 million per company.
On a per company basis, technology costs were followed by expenses around remediation, averaging $775,000, compliance monitoring at $636,000 and program management at $441,000. The areas of Communications and Policy came in last, each averaging $343,000 and $297,000 respectively.