To reassure themselves and their stakeholders that they are properly responding to cybersecurity threats, many organizations rely on audits that demonstrate they’re adhering to compliance mandates and therefore addressing such risks. Indeed, a study by IDG found that 66% of organizations say spending on security is driven by those rules and regulations. Unfortunately, cyber threats usually outpace regulatory requirements, so compliance alone does not guarantee security.
“No matter how many times security pros say ‘compliance isn’t security,’ there are auditors and regulators who think it is,” Pete Lindstrom, VP of Security Strategies at research firm IDC, was quoted as saying in the IDG report.
Drumz plc (LON:DRUM) is an investing company whose policy is to invest principally but not exclusively in the technology sector within Europe. On 4 September 2020, Drumz made an investment in Acuity Risk Management Ltd, which operates an award winning software business specialising in risk management.