With today’s dynamic cybersecurity threat landscape, governance, risk management, and compliance (GRC) can’t afford to be stuck lagging and playing catch-up. It needs to be leading the pack, ensuring organizations are compliant, protected, communicative, and driving business success.

For almost a century, artificial intelligence (AI) has been depicted in our media. Starting with Fritz Lang’s 1927 film, “Metropolis,” and through major blockbusters like The Terminator series, “2001: A Space Odyssey,” and “Her,” these movies have all included or focused on AI’s potential impact.

Today’s uncertain economy has presented an array of problems to organizations of every size and across all industries. In the world of tech titans alone, 70,000 jobs have been lost over the past year. It’s safe to say that businesses have laid off and lost talented and experienced professionals from their rosters. We feel losing talent more acutely in cybersecurity and privacy as risk of cyberattacks and breaches may cost the global economy $10.5 trillion annually by 2025.

A commonly asked question about SOC 2 is “How much does a SOC 2 attestation cost?” However, there isn’t a single answer, because the cost depends on multiple factors. The total costs of a SOC 2 audit can range from tens to hundreds of thousands of dollars. In this article, we will see what specific factors influence an audit’s cost, how you can estimate the expense, the cost breakdown, and how you can lower this expense with the help of automation.

Today’s edition of GRC Newsflash features our Compliance Specialist Frank Kyazze, and covers Risk Updates from the SEC announced on July 26, 2023.

Our team has been hard at work creating updates and new features just for you, see what we’ve been up to over the last month.