By Eleanor Reader
SAP GRC and security specialist, Turnkey Consulting, has released a survey that reveals 44 per cent of UK organisations see IT security investment as essential to business practice.
The survey, A Risk Perspective on 2013, found that 64 per cent of organisations regard IT security as the responsibility of everyone in the enterprise, not just the IT department.
Thirty eight per cent see investment in IT and systems security is an ‘insurance policy’ to protect the organisation’s assets.
Seventy two per cent of organisations rank security as one of the top three considerations when implementing a significant IT project.
“Organisations are recognising that, rather than being an essential but unwanted overhead, investing in IT security can have a positive impact on business operations and ROI,” said Richard Hunt, managing director of Turnkey Consulting.
“As a result it is being given a place on the boardroom agenda, rather than being regarded as the sole domain of the IT department. Closely related to this trend is the increased awareness we are seeing amongst organisations about the risks they face and the implications this raises.”
The survey also asked about organisations’ perceptions of risk, as well as the effects of fraud and data loss when they occur.
Forty four per cent of the respondents believe their organisation faces more risk than it did a year ago, while nearly a third think this risk has stayed the same.
Almost a third (31 per cent) had experienced fraud incidents in the past year. (A further 34 per cent did not know – perhaps in itself a worrying statistic).
Insider fraud is clearly an issue that cannot be ignored – 36 per cent of the organisations that have experienced a fraud incident say it was carried out internally.
Sixteen per cent of respondents said that they had experienced a data loss in the past 12 months that had affected their business operations.
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