Earlier quoted context omitted.
In security, industry standard seems to be about the same as military grade: the cheapest possible option that still checks all the boxes for SOC.
Hot take, this is the way it should be. If you want better security then you update the requirements to get your certification. Security by its very nature has a problem of knowing when to stop. There's always better security for an ever increasing amount of money and companies don't sign off on budgets of infinity dollars and projects of indefinite length. If you want security at all you have bound the cost and have…
If that happens you need to seriously rethink your hiring process.