Companies unprepared to address risks created by new technology
30.11.2010Company: EY
A significant increase in use of external service providers and business adoption of new technologies such as cloud computing, social networking and Web 2.0 is recognized to increase risk for 60% of respondents, according to Ernst & Young’s 13th annual Global Information Security Survey. Yet, in spite of this, less than half (46%) intend to increase their annual investment in information security.
Jan Fanta, a partner in Ernst & Young’s Business Advisory and Risk Management Department, comments: “Technology advances have provided an increasingly mobile workforce with seemingly endless ways to connect and interact with colleagues, customers and clients. These advances represent a massive opportunity for IT to deliver significant benefits to the organization but new technology also means new risk. It is vital that companies not only recognize this risk, but take action to avoid it.”
“Losses or thefts of a notebook or a smartphone are a real threat which just goes to show a recently published case of a young man who physically entered corporate premises to steal notebooks. In such instances the price of hardware is inconsiderable in comparison to the information stored on these devices. Corporations that do not monitor their data flows and do not have their data on movable devices encrypted unreasonably jeopardize their intellectual property,“ adds Petr Plecháček, an Ernst & Young manager in the IT Advisory and Technology Risk Management Department in the Czech Republic.
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