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
NSA Appoints Rob Joyce as Cyber Director
Dark Reading Staff 1/15/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
2020: The Year in Security
Download this Tech Digest for a look at the biggest security stories that - so far - have shaped a very strange and stressful year.
Flash Poll
Assessing Cybersecurity Risk in Today's Enterprises
Assessing Cybersecurity Risk in Today's Enterprises
COVID-19 has created a new IT paradigm in the enterprise -- and a new level of cybersecurity risk. This report offers a look at how enterprises are assessing and managing cyber-risk under the new normal.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-8567
PUBLISHED: 2021-01-21
Kubernetes Secrets Store CSI Driver Vault Plugin prior to v0.0.6, Azure Plugin prior to v0.0.10, and GCP Plugin prior to v0.2.0 allow an attacker who can create specially-crafted SecretProviderClass objects to write to arbitrary file paths on the host filesystem, including /var/lib/kubelet/pods.
CVE-2020-8568
PUBLISHED: 2021-01-21
Kubernetes Secrets Store CSI Driver versions v0.0.15 and v0.0.16 allow an attacker who can modify a SecretProviderClassPodStatus/Status resource the ability to write content to the host filesystem and sync file contents to Kubernetes Secrets. This includes paths under var/lib/kubelet/pods that conta...
CVE-2020-8569
PUBLISHED: 2021-01-21
Kubernetes CSI snapshot-controller prior to v2.1.3 and v3.0.2 could panic when processing a VolumeSnapshot custom resource when: - The VolumeSnapshot referenced a non-existing PersistentVolumeClaim and the VolumeSnapshot did not reference any VolumeSnapshotClass. - The snapshot-controller crashes, ...
CVE-2020-8570
PUBLISHED: 2021-01-21
Kubernetes Java client libraries in version 10.0.0 and versions prior to 9.0.1 allow writes to paths outside of the current directory when copying multiple files from a remote pod which sends a maliciously crafted archive. This can potentially overwrite any files on the system of the process executi...
CVE-2020-8554
PUBLISHED: 2021-01-21
Kubernetes API server in all versions allow an attacker who is able to create a ClusterIP service and set the spec.externalIPs field, to intercept traffic to that IP address. Additionally, an attacker who is able to patch the status (which is considered a privileged operation and should not typicall...