The current economic environment is producing a rise in both internal IT threats and external assaults on company websites and networks, according to Ernst & Young’s annual global information security survey.
Out of 1,900 survey participants, 75 per cent are concerned about reprisals from employees recently separated from their organization. The survey further reveals 41 per cent reported an increase in external attacks, 25 per cent witnessed an increase in internal attacks and 13 per cent have seen an increase in internally perpetrated fraud.
Despite the 19 per cent of respondents who say they have not yet taken steps to protect themselves, some companies are already taking action. Thirty-eight per cent are improving identity and access management, 28 per cent are improving change controls and 18 per cent have implemented a Data Leakage Prevention (DLP) program.
The survey revealed the industry is also heading towards enhanced regulation, a move that will require additional and more costly compliance because of increasing complexity.
Privacy and protection of personal data are expected to become an ever greater challenge for organizations as new technologies and services gain widespread use, such as social networking and virtualization.