IT Execs Not Confident EncryptionMeasures Are Sufficient

July 11, 2006, 1:00 a.m. EDT 1 Min Read

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.

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