Banks Tout Security As Competitive Advantage, PWC Finds

Financial services institutions continue to lead the way in information security, with 75 percent of those surveyed by PricewaterhouseCoopers saying that they have an overall information security strategy, compared with just 59 percent of companies across all sectors. The numbers come from PWC’s recently released Global State of Information Security 2008 survey.

In other security benchmarks, banks reported a significant increase in leveraging Website certification/accreditation, with 69 percent saying they took this approach in 2008, compared with 59 percent the year earlier. Corollary to this, PWC found that more than half of the respondents say their organization now uses security in the marketing of its products and services as a competitive advantage.

Other interesting numbers: 64 percent say they have a centralized security information management process, compared with 57 percent last year; 51 percent say they integrate privacy and compliance plans, compared with 43 percent last year.

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