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
Google+
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
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
6 Emerging Cyber Threats That Enterprises Face in 2020
This Tech Digest gives an in-depth look at six emerging cyber threats that enterprises could face in 2020. Download your copy today!
Flash Poll
State of Cybersecurity Incident Response
State of Cybersecurity Incident Response
Data breaches and regulations have forced organizations to pay closer attention to the security incident response function. However, security leaders may be overestimating their ability to detect and respond to security incidents. Read this report to find out more.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-11619
PUBLISHED: 2020-04-07
FasterXML jackson-databind 2.x before 2.9.10.4 mishandles the interaction between serialization gadgets and typing, related to org.springframework.aop.config.MethodLocatingFactoryBean (aka spring-aop).
CVE-2020-11620
PUBLISHED: 2020-04-07
FasterXML jackson-databind 2.x before 2.9.10.4 mishandles the interaction between serialization gadgets and typing, related to org.apache.commons.jelly.impl.Embedded (aka commons-jelly).
CVE-2020-11509
PUBLISHED: 2020-04-07
An XSS vulnerability in the WP Lead Plus X plugin through 0.98 for WordPress allows remote attackers to upload page templates containing arbitrary JavaScript via the c37_wpl_import_template admin-post action (which will execute in an administrator's browser if the template is used to create a page).
CVE-2020-6647
PUBLISHED: 2020-04-07
An improper neutralization of input vulnerability in the dashboard of FortiADC may allow an authenticated attacker to perform a cross site scripting attack (XSS) via the name parameter.
CVE-2020-9286
PUBLISHED: 2020-04-07
An improper authorization vulnerability in FortiADC may allow a remote authenticated user with low privileges to perform certain actions such as rebooting the system.