TechnologyAccounting SoftwareUK organisations failing on data sharing

UK organisations failing on data sharing

Global survey by E&Y finds high data risk in both public and private sector

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.’

Further reading:

Internal controls: data day grind

What’s behind shared service centres?

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