Securing personal ID data tops concern rankings

Securing personally identifiable information (PII) is the top concern facing business executives in 2008, according to a survey of 3,100 professionals in 95 countries. The study by ISACA identified the top seven business issues impacted by information technology.

Respondents ranked the following business issues as the top seven from 21 options:

  1. Regulatory compliance, specifically protecting PII and implementing transaction monitoring.
  2. Enterprise-based management and IT governance.
  3. Information security management.
  4. Disaster recovery/business continuity.
  5. IT value management.
  6. Challenges of managing IT risks.
  7. Compliance with financial reporting.

The survey was conducted online, and was open to professionals around the world. The geographic reach of respondents was:

  • North America - 37 per cent.
  • Europe/Africa - 32 per cent.
  • Asia - 22 per cent.
  • Central/South America - 5 per cent.
  • Oceania - 4 per cent.

Eighty-one per cent of the 1,600 respondents who named information security management as a number three concern said that security risks are not fully known, or are only partially assessed using technology, the survey found.

Enterprises continue to make increasingly large-scale investments in IT and IT-enabled change, making it even more challenging to ensure compliance with the growing number of international regulations across all industries. According to the survey, this effort is made less difficult when technology is viewed as an integral part of the business.
The survey also indicated that many enterprises are ‘still not adequately prepared for disasters’: 80 percent of the 1,500 ISACA members who made business continuity management the number four issue said that their business managers and owners are ‘not fully aware of their responsibilities’ to maintain the ability to perform critical business functions in the event of a disaster.
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