Audits are necessary to determine whether or not an individual, company, or organization is meeting the requirements of a specific set of regulations or controls. Since certain regulations can impose steep financial penalties or other negative sanctions for non-compliance on both organizations and employees, it is extremely beneficial for organizations to routinely have compliance requirements verified and conduct audits to ensure continued compliance.
Penetration testing - sometimes called white-hat hacking - is how companies manage risk, increase business continuity, and protect clients from data breaches. In highly regulated industries such as healthcare, banking, and service industries, it also helps companies stay compliant. SOC 2, HIPAA, and PCI DSS are three of the main regulations that require penetration testing.