Only one-fifth of OEMs are implementing a compliance plan for the EU Cyber Resilience Act. This is also stated as nearly one-fifth of respondents who admit they have no compliance plan regarding cybersecurity regulations.

More than half of OEMs claim to comply or plan to comply with cybersecurity regulations.

A fifth of OEMs are unsure of which regulations or standards apply regarding cybersecurity.

50% of companies report facing security or compliance challenges as a consequence of the disconnect between their documented software architecture and the architecture in production.

Within the financial services sector, 50% of respondents cite security and compliance issues as their primary concern related to architectural misalignment.

Within the financial services sector, 50% of respondents cite security and compliance issues as their primary concern related to architectural misalignment.

95% of AI applications are at medium or high risk for EU GDPR violation.

Only 22% of all AI applications are in adherence to one or more compliance certifications such as HIPAA, PCI, ISO, FISMA, and FedRAMP.

29% of organizations struggle with compliance since auditors require proof of data security and privacy in AI-based systems.

44% of financial institutions cited complying with cyber security regulations as the single most pressing challenge.

Nearly half of financial institutions cite auditors and regulators as primary drivers for enhancing TPRM programs.

Among those aware of their country's privacy laws, 81% feel confident in their ability to protect their data, compared to just 44% of those unaware of such laws.

86% of privacy and security professionals support privacy legislation, recognising its positive impact on business operations.

96% of organisations report that the returns of privacy significantly outweigh the investments.

In the 2024 Cisco Consumer Privacy Survey, most global consumers (53%) said they are aware of their country's privacy laws.

96% of privacy and security professionals confirm that privacy investments provide returns exceeding costs.

86% of respondents noted a positive impact of privacy legislation on their organisations, up from 80% last year.

31% of bank CEOs, senior executives and directors say their bank saw heightened regulatory attention on Bank Secrecy Act and anti-money laundering compliance in their latest exam, up from 20% last year.

Only 38% of financial services professionals are "very confident" in their financial compliance program's ability to detect emerging geopolitical threats.

Over a quarter (27%) of financial and professional services organizations have AI and machine learning as an established part of their financial crime compliance programs, exceeding 2023 levels (24%).