Venture Capital

Trustarc Raises $70M To Help Companies Implement Privacy And Compliance Programs

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TrustArc, a San Francisco-based provider of compliance solutions for enterprises, has raised $70 million in venture capital. : Compliance is costly in more ways than one. According to a recent study conducted by Ponemon and Globalscape, companies cough up $5.47 million on average to bring their practices in line with global and domestic mandates. (Those that don’t comply suffer around $14.82 million in fines, business disruption, and lost productivity and revenue.) Moreover, from 2011 to 2017, the price of attaining compliance rose by 43% and reached as high as 103% in industries like health care.

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