Why Software Licensing Compliance is Such a Big Deal for Businesses These DaysLast Updated: 5/10/2018
Why Software Licensing Compliance is Such a Big Deal for Businesses These Days
Software licensing is a big deal these days, and businesses that run unlicensed software (even unintentionally) often get smacked with heavy fines. In fact, there are law firms that deal exclusively in software violation claims. This is understandable because, on average, the liability for a single licensing infringement is around $150,000 – a hefty fine even for large corporations, and a potentially devastating fine for small to medium-sized businesses. Think that there’s no way you could get caught? Think again. According to a recent survey from Technologent, 65% of business organizations were subject to a software license audit within the past year. And, among those companies, 23% were audited at least three times.