Survey: CEOs Fail To Grasp Importance of Security
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&quot;It is easy for a CEO to say security is important,&quot; says Ernst &amp; Young partner Kent Kaufield. &quot;But in actuality, I think they view it much like purchasing insurance --something that is good
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com September 28, 2004, 8:37 AM PT. Most IT Managers won&#39;t question the importance of security, but this priority has been sliding between the third and fourth most important focus for companies.
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Outsourcing executives are worried that recent security breaches are damaging IndiaÂs reputation as a high-skilled, low-cost location.
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com September 15, 2004, 12:36 PM PT. Most IT Managers won&#39;t question the importance of security, but this priority has been sliding between the third and fourth most important focus for companies.
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Patching is the top concern of security managers in federal government, who feel that commercial software makers aren&#39;t putting out a good enough product, according to a survey published Monday.
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The results of a survey conducted by GartnerÂ and shared with IDG News Service show that online consumers are growing frustrated with the lack of security provided by banks and online retailers, and feel that passwords are no longer sufficient to secure their online transactions.
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Exploring the upheaval in Corporate America and why CEOs have become an endangered species.
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Business & money: Business leaders oppose stronger powers to investigate breaches.
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KUALA LUMPUR: Organisations around the world are not protecting their information sufficiently against increasingly more potent threats, a new survey by Ernst &amp; Young has found.
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Companies are struggling to cope with tighter corporate governance regimes, which might even work against the goal of achieving improved IT security they are partly designed to promote.
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Many corporate IT operations are underprepared and overconfident about their ability to handle a disaster, survey finds.
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WASHINGTON - Now is not the time for the U.S. government to mandate cybersecurity standards to private industry, despite significant threats and a lack of understanding by many company executives, a panel of government officials said Tuesday.
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Most large companies are struggling to protect themselves against security threats, a survey from security consultancy NetSec published today reveals.
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You are the weakest link The biggest threats to the security of financial institutions' electronic systems are the mistakes that people make, according to a survey (pdf) of banks' IT security.â¦
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Businesses may be spending millions on expensive security technologies aimed at thwarting data leakage and compliance violations, but many companies are still failing to sufficiently address access controls for protected information and IT systems.According to the latest report from Ponemon Institute, most IT workers readily admit that their companies are doing a sub-standard job of keeping tabs on the level of access available to employees, temporary workers, and independent contractors.In Ponemon's 2008 National Survey on Access Governance, based on interviews conducted with roughly 700 IT professionals, 78 percent of those people surveyed reported that their employers are not regularly reviewing policies or tools that control admittance to their systems or information.The situation has resulted in an environment where many workers retain the ability to view sensitive data or manipulate IT systems that they should not be able to access based on their job responsibilities, researchers said.Some 69 percent of those interviewed said that their companies' access policies were either enforced poorly or not at all, with only 30 percent of respondents stating that their organizations go to the trouble of validating their guidelines.The overwhelming lack of proactive efforts to keep a handle on issues of access are somewhat shocking based on all the attention being given to data security and compliance issues over the last several years, and many business could greatly improve their overall standing simply by improving their policies and enforcement capabilities, said Larry Ponemon, chairman and founder of research firm."Traditional approaches, including homegrown technologies and manual management processes, have proven to be fraught with failure and risk. Unless enterprises acknowledge business as usual is failing, we believe rampant access mismanagement will continue to plague organizations," Ponemon said. "When it comes to access rights, companies don't want to constrain workers and make their jobs harder, but they have to manage things in a more systemic way that look at the risk versus the benefits, and many organizations are obviously having difficulties with that."Approximately 55 percent of those participating in the survey said that their employers' ability to grant access based on a worker's role and job function is either poor or nonexistent, including 42 percent who said that their companies have no policy to manage things in such a manner.The rapid pace of change in the responsibilities among today's workforce is one of the biggest hurdles that companies struggle to overcome, said executives with Aveksa, a maker of access control software that sponsored the Ponemon report."This entitlement drag issue is a major problem. IT organizations are under pressure and often either valued or devalued by business based on how quickly they deliver access," said Brian Cleary, vice president of Marketing for Aveksa. "Clearly, the findings here show that that while companies are doing a good job of providing initial or changed access, there is no automated way to go back and make a determination to understand if a workers' current level of access is appropriate."Lessons learned from Jerome Kerviel Issues of access control are of fundamental importance to corporate risk management, perhaps best exemplified by the recent reports of the activities of Jerome Kerviel, a stock trader at French firm Soci?t? G?n?rale who is accused of losing nearly $8 billion of his company's capital in unapproved transactions carried out by circumventing rules built into the brokerage's IT systems.Had Soci?t? G?n?rale been actively monitoring the access controls for its transactional systems, Kerviel likely would have been caught long before he gambled away such a stunning amount of money, the experts contend.A major factor contributing to the continued loopholes in access management is a lack of support for improving policies and applying technologies used to govern the issue by senior management in many companies, according to the report. Some 74 percent of respondents indicated that senior management in their companies does not view access governance as a strategic security imperative. "It seems that the perception is that it's still tough to get senior executives to sign off on the necessary funding, but situations like Soci?t? G?n?rale may help prove how big of concern this really needs to be," said Ponemon.Another major contributor to the problem is the need for cross-organization collaboration, which complicates issues of access dramatically.And while 83 percent of those people responding to the survey said that collaboration among business units, audit and compliance groups, and IT security departments is vital to keeping their operations in line with government regulations, 57 percent said those teams never partner to oversee access issues."This has to be an area of great concern, because if companies consistently score poorly on compliance audits it's been proven that this actually starts to diminish their reputation and brands," Ponemon said. "And as more organizations suffer losses, there will likely be new regulations put in place that make it even harder to operate; most businesses I know don't want more regulations, but if more people fail to create their own controls, more regulators will get involved."
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Blog: Founding CEOs often outlive their effectiveness. Boards seem reluctant to carry out their primary function: hiring and firing the CEO.
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A survey released today indicates that federal chief information security officers at agencies with small budgets are struggling under the weight of regulatory paperwork, while counterparts at larger agencies have the time, money and manpower to work on strategic planning.