'07 Global Security Survey

Deloitte recently published it's annual review of the state of information security in the financial services industry. The survey includes data from 169 global financial institutions in 32 countries. Key findings include: companies are moving away from a sole focus on shoring up infrastructure against external breaches and are focusing instead on a a layered approach of preventative, detective and corrective controls; respondents identified access and identity management (50%) as their top operational initiative; generic countermeasures (encryption, access control, and network security) are proving inadequate at protecting on-line applications; and in an organization’s attempt to prevent security breaches, people remain the weakest link.