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2010 Financial Services Global Security Study

The faceless threat


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Global Security SurveyWith a number of recent high-profile code thefts driving headlines across the globe, senior security executives at some of the world’s largest financial institutions say they are making it a priority to invest in identity and access management tools. The 2010 Financial Services Global Security Study, now in its seventh year, takes the pulse of information security among the world’s financial institutions. Through interviews with senior information technology (IT) executives at more than 350 financial institutions worldwide – including banks, payment processors and insurance companies – Deloitte set out to discover what progress security leaders have made in an era of increasingly sophisticated “cyber warfare.”

Canada’s banking system is often held up as an example of stability, and the study shows that Canadian financial institutions have made significant security improvements over the last year. Canada reported the second highest number of respondents (71%) who believe that they have the commitment and funding to address security regulation requirements. And Canada leads the pack in terms of security budgets: 76% of Canadian respondents indicated that their information security budgets have increased.

For a detailed breakdown of the results – including the findings for Canadian financial institutions – read our report.