Compliance
Much more than a potential fine.
Compliance refers to a set of governing rules and regulations that organizations in specific industries are required to adhere to and uphold. These standards can vary based on industry but certain rules, such as those pertaining to data privacy and security, are essentially universal and typically require your organization to go through an audit to prove your meeting minimum requirements. The goal of compliance is to ensure organizations are protecting the privacy and integrity of their clients' sensitive information.