Business Strategy: Security Survey – FSIs Must Commit More Investment and Governance to IT Security as Risks Grow

Document Overview

Price: US $4,500

Authors: Rachel Hunt, Jane Doorly

Business Strategy
May, 2011 - Doc # FIBA02T
Number of Pages: 14
Number of Figures: 8

Overview

With the regulators revisiting the status of current data protection guidance within the modern era of the Internet, social networking sites, and increasingly sophisticated attacks, IDC Financial Insights surveyed the industry to assess whether information security was suffering from apathy or whether this was still an ongoing area of improvement for European financial service institutions.

"New channels such as mobile and social networking sites are creating new risks for FSIs, which are insufficiently addressed from a security perspective. The study also suggests that a greater focus needs to be implemented on documentation, control, and monitoring tools, in particular around super-users in the organization, and that 42% of institutions were planning to change data access controls internally," said Rachel Hunt, banking director, IDC EMEA Financial Insights