International Study: Securing Personally Identifiable Information Among Companies’ Top Struggles
2008-08-05 09:05:00
International Study: Securing Personally Identifiable Information Among Companies’ Top Struggles
Companies Rank Top Seven Tech-related Business Issues for Next 12-18
Months
ROLLING MEADOWS, Ill.–(EMWNews)–Securing personally identifiable information (PII) is a top concern
facing business and technology executives this year, according to a
survey of more than 3,100 professionals in more than 95 countries.
Conducted by ISACA, a nonprofit association that serves more than 86,000
IT governance professionals worldwide, the study identified the top
seven business issues impacted by technology. The findings are available
in Top Business/Technology Issues Survey Results, offered as a
free download at www.isaca.org/downloads.
Respondents ranked the following business issues as the top seven:
1. Regulatory compliance, specifically protecting PII and implementing
transaction monitoring
2. Enterprise-based management and IT governance
3. Information security management
4. Disaster recovery/business continuity
5. IT value management
6. Challenges of managing IT risks
7. Compliance with financial reporting
“The cost of losing or compromising the
integrity of PII is also leading to a renewed focus on information
security,” said Greg Grocholski, chair of ISACA’s
Assurance Committee and senior finance director at Dow Chemical. “The
survey shows that 81 percent of the 1,600 respondents who named
information security management as a number 3 concern said that security
risks are not fully known or are only partially assessed using
technology.”
Enterprises continue to make increasingly large-scale investments in IT,
making it more challenging to ensure compliance with international
regulations. According to the survey, this effort is improved when
technology becomes an integral part of the business.
“Keeping on top of legislative and regulatory
requirements is a critical responsibility made more difficult because
compliance efforts are still operating in ‘project’
mode and have not yet been embedded into business processes,”
said Anthony Noble, member of the ISACA Assurance Committee and vice
president of IT audit at Viacom. “IT projects
still lack alignment with business objectives at many organizations, and
as a result, they are unable to realize business benefits.”
The study also revealed that many enterprises are still not adequately
prepared for disasters. According to the results, 80 percent of the
1,500 ISACA members who made business continuity management the number 4
issue said that their business managers and owners are not fully aware
of their responsibilities to maintain the ability to perform critical
business functions in the event of a disaster.
The survey was conducted online and was open to professionals around the
world. The geographic reach of respondents was:
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37 percent—North America
-
32 percent—Europe/Africa
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22 percent—Asia
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5 percent—Central/South America
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4 percent—Oceania
About ISACA
With 86,000 constituents in 160 countries, ISACA (www.isaca.org)
is a recognized worldwide leader in IT governance, control, security and
assurance. Founded in 1969, ISACA sponsors international conferences,
publishes the Information Systems Control Journal, develops
international IS auditing and control standards and administers the
globally respected CISA, CISM and CGEIT designations.
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ISACA Vohasek, +1.847.660.5566 |
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