1) Many businesses are not properly leveraging IT controls and compliance, which could help mitigate financial risks from data loss or theft. Only 1 in 10 firms have strong IT controls in place. 2) Those with strong controls experience fewer disruptions to their business and data losses than companies with weak controls. Companies with weak controls can face declines in revenue, customers, and stock price due to data breaches. 3) Implementing proper IT controls is important for protecting a company's reputation and limiting liability. Controls can help prevent data theft and the high costs associated with it.