According to newly released research from
Swimlane, only 29% of all organizations say their compliance programs consistently meet internal and external standards. The report, "
GRC Chaos: The High Price of Audits and Non-Compliance,"
reveals that fragmented workflows, manual evidence gathering and poor
collaboration between security and governance, risk and compliance (GRC)
teams are leaving organizations vulnerable to audit failures,
regulatory penalties and security gaps.
To better understand how cybersecurity teams are managing the growing
complexity and demands of regulatory requirements, Swimlane surveyed
500 IT and security decision-makers across the United States and the
United Kingdom. The findings indicate a clear need for streamlined
workflows, stronger cross-team alignment and intelligent automation to
bring order to the chaos - restoring confidence of management and the
board in compliance readiness.
"The burden of compliance weighs heavy on security and GRC teams, and
the pain is growing faster than teams can adapt," said Michael Lyborg,
CISO at Swimlane. "Regulations are shifting, expectations are rising,
and yet most organizations still rely on processes that were never
designed for this level of complexity. Until now, everything has been
massive spreadsheets. Without better coordination and smarter workflows,
even well-intentioned programs will fall short."
Key Takeaways
- The Compliance Burden Is Getting Heavier: 96% of
organizations say it's challenging to keep up with the growing number of
industry regulations, and only 29% report that their compliance
programs consistently meet internal and external standards.
- Fragmented Tools, Fractured Processes: 92% of
respondents rely on three or more tools to gather audit evidence, often
resulting in duplicated effort and disjointed workflows. On average,
just 39% of the audit evidence process is automated.
- Manual Work Is Costing Time - and Accuracy: Over
half of organizations (54%) spend more than five hours each week on
manual compliance tasks. Unsurprisingly, 62% say their audit
evidence-gathering process is at least occasionally error-prone.
- GRC and Security Don't Speak the Same Language: 90%
of organizations are concerned that poor collaboration between GRC and
security teams is undermining audit preparation. Differing priorities,
unclear roles and communication breakdowns are major barriers to
alignment.
- What's at Stake When Compliance Fails: Organizations
cited financial penalties (39%), security breaches (36%), and
reputational damage (36%) as the top risks of poor compliance
management.
"Audit readiness is harder than it should be," said Jack Rumsey, Head
of GRC at Swimlane. "Teams are wasting time chasing evidence,
interpreting requirements in isolation and stitching together data
across disconnected systems. This report highlights just how
unsustainable that model has become - and why it's time to rethink how
to manage compliance from the ground up."