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Social Media, Cloud Create Information Security Challenges

By Bob Violino on 2011-11-11


In the rush to move into cloud computing, deploy mobile devices and leverage social media, a growing gap is developing between organizations’ business needs and their ability to tackle new and complex security threats, according to Ernst & Young LLP’s 14th annual Global Information Security Survey. Although 72 percent of the 1,700 worldwide IT and security executives surveyed see increasing levels of risk due to external threats, and more companies are likely to adopt mobile tablet usage, security implementation is still low, the report says. Only about one third of respondents, surveyed online between June and August 2011, have updated their information security strategies in the past 12 months. “Information security is one of the most important issues companies face today, and strategies need to be refined to adjust to an ever-changing environment and resulting security risks,” says Bernie Wedge, Americas IT risk and assurance leader at Ernst & Young. “Mobility and networking are here to stay. The best-protected companies are those that are proactive, detecting and managing minor issues before they become major incidents, and for many companies, this means the current mindset needs to change from a focus on short-term fixes to a holistic, strategic approach.”

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Strategy shortfall


Only 51% of the organizations surveyed have a documented information security strategy.

Security gap


Only 12% of respondents are presenting information security topics at each board meeting and less than half (49%) say their information security function is meeting the needs of the organization.

Cloud challenges


48% of respondents listed the implementation of cloud computing as a difficult or very difficult challenge, and more than half have not implemented any controls to mitigate the risks associated with cloud computing.

Misguided trust


The most frequently taken measure with cloud security is stronger oversight of the contract management process with cloud providers, but only by 20% of respondents even do this.

Mobile challenges


The adoption of tablets and smartphones ranked second on the list of most significant technology challenges, with more than half of respondents listing it as a difficult or very difficult challenge. Despite that, a majority (80%) of the organizations are either planning, evaluating or using tablet computers.

Budget increases


59% of respondents plan to increase their information security budgets in the coming 12 months.

Low encryption rate

The adoption of security techniques and software is still low, the report says. For example, fewer than 47% of the organizations use encryption techniques.

External attacks

72% of the organizations say external malicious attacks are their top risk.

Social challenges


Nearly 40% of the respondents rate social media-related risks issues as challenging.

Social media blockades


More than half of the organizations (53%) have responded to risks posed by social media by blocking access to sites.

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