Over half of organisations are failing to manage the risks of sharing data with third parties, although many are now investing in securing the capture and storage of sensitive data, according to a new global survey by Ernst & Young.
The firm's Global Information Security survey of 1,200 public- and private-sector organisations in nearly 50 countries found that more than three-quarters cited privacy and data protection as a significant issue, with 52% addressing privacy and data protection with formal procedures.
'It's been an issue for years but it has been done in an ad-hoc way through point solutions,' explained the firm's UK head of technology and security risk services, Richard Brown. 'What's caused that is a combination of consumers being more savvy in that area, and organisations getting on top of segregation of duties and securing data.'
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