Deloitte Reports on 'Human Factor' - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Government // Cybersecurity

Deloitte Reports on 'Human Factor'

Deloitte Survey: World's largest financial institutions challenged by 'Security Paradox'

NEW YORK -- While information security incidents continue to grab the attention of business executives, “ownership” of the underlying problems is still perceived to rest with information technology departments, according to Deloitte Touche Tohmatsu’s 2007 Global Security Survey.

In a survey that included many of the top 100 global financial services organizations, less than two-thirds of respondents (63 percent) have an information security strategy and only 10 percent have their information security led by business line leaders. These findings support an emerging security paradox: the gap between awareness of the problem and support for the solution; a key challenge lies in the development and integration of a security strategy across the business. But progress can be found, as 26 percent of respondents have recognized the need for a security strategy as an initiative this year.

The survey also revealed that the greatest root cause of external breaches continues to be the ‘human factor’: an organization’s employees, customers, third parties and business partners.

“Due to the increased number of high-profile losses or theft of customer data, data protection has been the subject of intense attention over the past 18 months,” said Mark Steinhoff, a principal with Deloitte & Touche LLP and leader of the firm’s financial services industry’s security & privacy services practice.

Deloitte Touche Tohmatsu

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
News
Time to Shift Your Job Search Out of Neutral
Jessica Davis, Senior Editor, Enterprise Apps,  3/31/2021
Commentary
Does Identity Hinder Hybrid-Cloud and Multi-Cloud Adoption?
Joao-Pierre S. Ruth, Senior Writer,  4/1/2021
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
Slideshows
Flash Poll