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Tech firms risk i?1/2catastrophici?1/2 breaches of data security.
Tech firms risk 'catastrophic' breaches of data security
Tracey Caldwell
Technology, media and telecoms (TMT) companies have not got to grips with information security and risk catastrophic security breaches, according to a survey by Deloitte Touche whose findings have been described as "scary" by one expert.
Although 69% of over 100 global TMT companies surveyed felt they were addressing current security threats, only 7% felt prepared for future threats. Half the survey respondents allocated less than 3% of their budget to security.
James Alexander, head of the Deloitte UK TMT security team, said: "This isn't just an investment thing. Quite often security is defined by external threats and seen as an IT issue. We would advocate it being a business issue. There needs to be a better alignment with the business, and awareness and focus on the most relevant risks.
"As the TMT sector has evolved and converged, the impact of some security threats and issues has grown. They are doing more than just providing a phone line now; they are controlling content and data."
The report's recommendations include appointing a head of security, better assessing risk, ...
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