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CIOs, CISOs and CROs identify business continuity and disaster recovery as the top data security and governance priority

Axway and Ovum have published the results of a global study that examined data security, governance and integration challenges facing organizations. Conducted by Ovum, the study highlighted how the growing complexity of governance and compliance initiatives challenge IT integration and C-level executives, and how isolation between IT integration and corporate governance forms economic and reputational risks.

Of the 450 respondents from North America, Asia Pacific and EMEA, 23 percent said their company failed a security audit in the last three years, while 17 percent either didn’t believe or didn’t know if they would pass a compliance audit today. The study also revealed that the average overall cost of a data breach was $3 million.

In examining the key priorities for chief information officers (CIOs), chief information security officers (CISOs) and chief risk officers (CROs), the study identified business continuity and disaster recovery as the top priority (87 percent), followed by protecting against cyber threats (85 percent), managing insider threats (84 percent) and compliance monitoring (83 percent).

Current infrastructure and governance silos, the need to manage an increasing number and type of integrations, and the problems with existing file transfer solutions have created data security and privacy concerns about file transfers. Respondents listed data/file encryption at rest (89 percent), defining and enforcing security policies (86 percent) and identity and access management (78 percent) as the most pressing issues. These concerns are particularly important as the study found organizations use file transfers for 32 percent or more of business critical processes, on average.

www.axway.com

•Date: 15th October 2014 • World •Type: Article • Topic: BC statistics


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