Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Vulnerabilities / Threats

3/27/2012
05:43 PM
Connect Directly
Twitter
RSS
E-Mail
50%
50%

Risk And Regulatory Overload

New study finds organizations worried about risk and compliance, but struggling to manage it all

Risk management is a hot topic these days, but it turns out most organizations don't really have much in the way of tools to do it.

According to a new survey by LockPath of 175 compliance and risk practitioners in the U.S., 83.6 percent say the risk level of their organizations ranks as moderate to high, but only about 43 percent have the tools and procedures for managing risk. More than 30 percent run homegrown tools, and 26 percent don't have any tools or procedures to manage risk. Meanwhile, most of these organizations have seen increased regulatory requirements over the past year.

So what gives? "It is crystal clear that, despite what some see as the maturing of risk management programs in the past several years, an alarming number of businesses remain overwhelmed by the number of regulations with which they must comply," said Chris Caldwell, CEO of LockPath, a GRC solutions provider.

Bigger companies see their risk level as higher than smaller ones, the survey found: More than one-fourth of large companies say their risk level is high, versus around 16 percent of midrange-size businesses and 6.5 percent of small to midsize ones. The midrange is ahead when it comes to having established risk and compliance processes, however, with 81.3 percent, followed by large enterprises, with 71.4 percent, and small businesses, 65.4 percent.

Two-thirds of all of the respondents say they don't calculate the costs of compliance efforts.

The healthcare industry appears to be under a lot of stress, although the majority say they do have a risk and compliance process. More than half of the professionals with healthcare organizations say their security risk is high: That's much higher than financial services, with 16.3 percent; utilities, 13.3 percent; and manufacturing, 4.5 percent.

The survey found that the top IT priorities for this year are reducing data breaches and litigation. Also on the list: cutting costs and delivering services more efficiently.

Have a comment on this story? Please click "Add Your Comment" below. If you'd like to contact Dark Reading's editors directly, send us a message.

Kelly Jackson Higgins is the Executive Editor of Dark Reading. She is an award-winning veteran technology and business journalist with more than two decades of experience in reporting and editing for various publications, including Network Computing, Secure Enterprise ... View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Commentary
How SolarWinds Busted Up Our Assumptions About Code Signing
Dr. Jethro Beekman, Technical Director,  3/3/2021
News
'ObliqueRAT' Now Hides Behind Images on Compromised Websites
Jai Vijayan, Contributing Writer,  3/2/2021
News
Attackers Turn Struggling Software Projects Into Trojan Horses
Robert Lemos, Contributing Writer,  2/26/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win an Amazon Gift Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-18629
PUBLISHED: 2021-03-04
Xerox AltaLink B8045/B8055/B8065/B8075/B8090 and C8030/C8035/C8045/C8055/C8070 multifunction printers with software releases before 101.00x.099.28200 allow an attacker to execute an unwanted binary during a exploited clone install. This requires creating a clone file and signing that file with a com...
CVE-2019-18628
PUBLISHED: 2021-03-04
Xerox AltaLink B8045/B8055/B8065/B8075/B8090 and C8030/C8035/C8045/C8055/C8070 multifunction printers with software releases before 101.00x.099.28200 allow a user with administrative privileges to turn off data encryption on the device, thus leaving it open to potential cryptographic information dis...
CVE-2021-21331
PUBLISHED: 2021-03-03
The Java client for the Datadog API before version 1.0.0-beta.9 has a local information disclosure of sensitive information downloaded via the API using the API Client. The Datadog API is executed on a unix-like system with multiple users. The API is used to download a file containing sensitive info...
CVE-2021-27940
PUBLISHED: 2021-03-03
resources/public/js/orchestrator.js in openark orchestrator before 3.2.4 allows XSS via the orchestrator-msg parameter.
CVE-2021-21312
PUBLISHED: 2021-03-03
GLPI is open source software which stands for Gestionnaire Libre de Parc Informatique and it is a Free Asset and IT Management Software package. In GLPI before verison 9.5.4, there is a vulnerability within the document upload function (Home > Management > Documents > Add, or /front/documen...