Managing risk is a priority, but less than a third of
bank executives takes an integrated approach to information
management.
A survey of European financial services firms by analyst
Datamonitor, on behalf of security firm
RSA, found confusion at firms about the best way to manage
information and the risks it is exposed to.
The survey covered senior IT and risk and compliance executives,
together with CEOs, COOs and CIOs in financial service
organisations across the UK, Spain, Italy, France, Germany and the
Benelux.
The research revealed that information risk management is
increasingly on the business agenda, and 67% of respondents
surveyed said it is important to approach
risk management at an enterprise level.
However, the research also showed that progress towards this
goal is slow, with only 32% having already addressed the initial
stage of removing information silos for managing information
security across the organisation.
The survey also found that half of all respondents admitted that
complying with regulations is dealt with on a case-by-case basis,
instead of using a strategic approach.
Financial institutions surveyed included those with assets from
£5bn to £125bn.