2010 Financial Services Global Security Survey
The 7th annual financial services survey reveals that identity and access management has moved to the top of the security agenda at financial institutions – with over 60 percent of major institutions citing it as their top priority. These institutions appear to have increased the granularity by which they monitor information access, and have developed the ability to back-track individual user actions after a security event.
Survey participants also indicate an increase in their security budgets, despite the current cost control programs being implemented at many institutions. The survey reflects this with a significant drop in respondents to who cited budget constraints as a barrier to improved information security.
This year’s survey also reveals that:
- data loss prevention has taken on greater urgency
- regulatory compliance is a key priority for financial institutions
- business alignment is still lacking
- insurers are ahead of banks in planning to tackle certain security initiatives
- organizations appear eager to embrace emerging technologies to combat threats