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Financial Institutions Spending on Security, Governance

The Deloitte & Touche annual survey of security practices at 169 financial institutions found that 98 percent of them are spending more on information security this year than last year. The biggest spending hikes were made in audit or certification costs, logical-access control products, infrastructure protection devices and compliance and risk management. 81 percent of the financial institutions surveyed said theyve adopted a formal Information Security Governance framework, up from about 70 percent last year. The vast majority of the remaining respondents said they are in the process of establishing one.”]

Source: https://www.csoonline.com/article/2122213/financial-institutions-spending-on-security–governance.html

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