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2007 Global Security Survey

The “people factor” and the information security paradox


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The fifth annual Global Security Survey benchmarks IT security in the financial services industry. It reveals the “Security Paradox” – a situation in which Business Executives are becoming more aware of IT Security issues, but where support for a solution still lies with the IT department. This is highlighted by the fact that only 63% of respondents have an information security strategy, and only 10% have information security led by a business line leader.

Other findings of this year’s survey include:

91 percent of participants are concerned about employee security weaknesses;
79 percent of participants cite the human factor as the root cause of information security failures;
66 percent of participants do not feel they should be accountable for protecting computers of customers who transact with them on-line.

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