CIO
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Regulatory compliance has emerged as the biggest driver of information security initiatives, trumping concerns such as worms and viruses for the first time, according to the results of a survey released Wednesday by Ernst & Young.
At the same time, the survey said, IT organizations and information security groups are failing to take advantage of compliance-related concerns to rearchitect their security organizations.
"The sheer number of regulations and the consequences of not complying have brought information security into the boardroom," the report said. "Yet many organizations are missing the rare investment opportunities that compliance offers to promote information security as an integral part of their business."
In Ernst & Young’s survey of 1,300 organizations worldwide, nearly two-thirds of respondents said compliance is the primary driver of information security at their businesses, followed by worms and viruses and meeting business objectives.
The results are surprising, given that 2005 has been an especially busy year for worms and viruses, said Rudy Bakalov, senior manager of security and technology solutions at Ernst & Young. "We are very happy that compliance with regulations has become such a high priority," Bakalov said. Even so, most information security organizations are continuing to focus on tactical issues rather than strategic ones, he said.
For example, nearly 90 percent of those implementing security measures to comply with regulations are focusing on issues such as policies, procedures training and awareness campaigns, he said. Only 41 percent are also reorganizing their information security function and their architectures as part of the compliance process, he said.
"It doesn’t surprise me that compliance and regulations are overtaking worms and viruses," John Meakin, group head of information security at Standard Chartered Bank in London, said via e-mail. "As the focus on general corporate governance and maturity of overall risk management increases, security professionals are being asked not just about the headline issues, but about the broad picture of information security control.
"It isn’t really that [the trend] is throwing up areas of control that we security pros have been overlooking or been unable to solve," he said. Rather, it’s about being asked "to provide detailed measurement and demonstrable evidence of the completeness and effectiveness of the protection provided to the corporate world."
Kim Milford, information security manager at the University of Rochester in New York, said she also sees a trend toward more compliance spending in 2006. "I think this is a great opportunity to rethink security spending, because it shifts
