Business News

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 ISACAs

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:

  • 37 percentNorth America

  • 32 percentEurope/Africa

  • 22 percentAsia

  • 5 percentCentral/South America

  • 4 percentOceania

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.

ISACA
Kristen Kessinger, +1.847.660.5512
[email protected]
or
Deborah

Vohasek, +1.847.660.5566
[email protected]

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions





























Blake Masterson

Freelance Writer, Journalist and Father of 5

Related Articles

Back to top button