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Trust Center
Global Security & Compliance Insights
The State of Trust 2024, Vanta's annual research, surveyed 2,500 business and IT leaders across the US, UK, Germany, France, and Australia to analyse global trends in security, compliance, and trust. The findings reveal a challenging landscape with high security risks, increasing compliance burdens, and growing third-party vulnerabilities.
11
Compliance Burden
11 working weeks a year are spent on achieving and maintaining compliance, increasing by 1 week since last year
46%
Vendor Breaches
46% of organisations say a vendor of theirs has experienced a data breach since they started working together
55%
High Risk Environment
55% of organisations think that security risks for their organisation have never been higher
11%
Security Budget
Average portion of IT budget dedicated to security
Furthermore, companies could save 3-5 hours weekly through automation of security and compliance tasks. Meanwhile, 65% report increasing demands for compliance proof from customers, investors, and suppliers, while 48% believe good security practices drive customer trust (up from 41% in 2023).
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