There are growing concerns about security leaks in businesses, yet firms are spending less money than previously on safeguarding sensitive data. High on the list of risks are social networking sites and Web 2.0 technologies.
These findings emerge from a survey of over 175 firms in the fields of technology, media and telecommunications (so-called TMTs).
The survey, sponsored by professional services specialist Deloitte, discovered in interviews that 83% of those canvassed worry about security risks posed to firms by Web 2.0 technologies, while 80% saw a similar threat from social networking websites.
According to Deloitte’s Colm McDonnell, social networking sites can become places where either sensitive information can inadvertently be leaked, or where malfeasance could publicly reflect badly on a company.
McDonnell, of Deloitte’s enterprise risk services, warned that another threat came from hackers breaking in either to targeted firms or to social networking sites to glean valuable information.
Considering 77% of the respondents believe sensitive company information would be simple to attain, an increase in internal security might be expected, but Deloitte found that 32% are putting significantly less funding towards data protection.
Security programmes are also lacking, with almost a third of global TMT companies in need of written privacy policies.
“These statistics suggest that many TMT companies are still not effectively managing their digital assets,” said McDonnell, “a problem that could lead to further privacy breaches and ultimately undermine their competitiveness.”
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