What is security compliance?
Being security compliant means your IT protocols follow prevailing local and international industry standards, as well as adhere to any laws that apply in your locality. Examples include adhering to local privacy and security of personal information laws if, for example, you record your customers' personal and/or financial details. There are also global standards, such as the ISO/IEC 27000 family, that relate to the security of information management systems and are considered best practice.
These standards are there to help organizations keep their information assets secure. Your business could be subject to fines or worse if you don't act to adequately protect your data assets.