Research from Netegrity has shown that security remains a key issue for UK businesses, but its implementation in the face of current corporate pressures, most notably access management and regulatory compliance, is not consistent.
The survey of 281 security and compliance decision-makers of UK businesses across a number of sectors, reveals that identity management; IT efficiency; and regulatory compliance are at the top of the security agenda for UK businesses.
However, comprehensive access management systems have not yet been adopted by a significant number of respondents.
The company concluded that although IT efficiency is seen as a fundamental driver of security initiatives, many efficiencies that could be gained from having comprehensive access management systems are therefore being lost.
It appears, said the company , that regulatory compliance is not being given the attention it needs. Very few businesses were devoting a separate budget to compliance management and most saw Y2K as more of a threat.
Further, despite respondents giving more heed to UK and European compliance laws than Sarbanes-Oxley, the majority were not aware of the Companies Bill, which is widely acknowledged as the UK’s equivalent to Sarbanes-Oxley.
Furthermore, many businesses seem unsure that upcoming deadlines for Sarbanes-Oxley and Basel II compliance will be met . Netegrity also said companies are not making the best use of access management systems that could help focus their efforts.
For more news on managed applications click here >>