IT Execs Not Confident EncryptionMeasures Are Sufficient

Register now

REDWOOD CITY, Calif. - (07/11/06)–While encryption is being used inmost financial services organizations, there is a surprising lackof confidence among IT executives in their encryption securitymeasures, according to a survey by Ingrian Networks, Inc., aprovider of data privacy solutions. Some 112 IT executives from thefinancial services industry participated in the survey, with 89% ofrespondents saying that regulatory and legislative compliance israising the requirement to encrypt sensitive information withintheir organization. When asked about encryption at different levels(application, database, file and disk/storage), only half of therespondents agreed that their companies are currently providingadequate encryption security, and only 35% reported that sensitivedata stored on tape was encrypted.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER