Friday, June 10, 2005

Infosec tops list of CFO concerns

#81 Information security topped this year's list of concerns in the seventh annual Technology Issues for Financial Executives survey. The survey was conducted by Computer Sciences Corporation (NYSE: CSC), in association with the Financial Executives Research Foundation (FERF), the research affiliate of Financial Executives International (FEI).
For the first time, "information security" emerged as the number one concern related to technology among financial executives surveyed, replacing"prioritizing technology investments," which dropped to number two. Only one in five chief financial officers (CFOs) are "highly satisfied" with their security programs.
Quite frankly, I'm not surprised and companies are starting to recognize how vulnerable they are. They see the growing number of news articles about customer information being accessed or stolen and they wonder, "If these guys can be breached, how secure are we?"
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