Compliance with regulations involves huge costs for IT, but the costs are more than just monetary.

Question

Quizplus · Accepted Answer

Compliance with regulations often requires significant investments in technology, staff training, and process changes. However, the costs of non-compliance can be even greater, including fines, legal fees, damage to reputation, and even criminal charges in some cases. Therefore, the costs of compliance are not just monetary but also reputational and legal.

Compliance with Regulations Involves Huge Costs for IT, but the Costs