A business can survive and thrive only when its private information is confidential as intended to be, the data/ information is not compromised ensuring thereby its integrity, and making sure that the systems which hold the data are available when needed and reliable. An effective compliance processes in place takes away a major hassle. Compliance standards help in establishing a well-defined and proven process, allocation of responsibilities to the members of an organization, and in reducing interventions of the top-management of the company. Adhering to government norms is extremely important for a business in order to curb threats and manage risks. Hence, while understanding the need for compliance, it is also highly essential to consider the following parameters to make sure that your compliance issues are not slipping through. There are exclusive compliance standards for every industry, while having to conform to certain common norms, which clearly define the rules of safety, use of eco-friendly processes, maintaining records, obtaining professional certificates and several other requirements, based on the nature of business. With this ever-growing list of compliance standards, it is necessary to have an internal compliance audit, which can give a better understanding of the compliance status in your organization. A compliance violation can instigate an external audit, which may lead to legal action ranging anywhere between fines and imprisonment. Ignoring the need for implementing preventive measures is another form of compliance violation that can cause major security lapses (aka vulnerability). A security lapse may result in loss or theft