amid ongoing transformation and compliance challenges ... · data governance 7.5 nist...

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ABOUT THE SURVEY More than 1,000 respondents (n = 1,073), including CIOs, IT vice presidents and IT directors, participated in Protiviti’s 2015 IT Priorities Survey, with 14 percent of our respondents representing the financial services industry. Survey participants were asked to rate more than 100 IT issues and capabilities on a scale of 1 to 10. A “10” rating indicates the issue is a high priority while a “1” indicates the issue is a low priority. To learn more, visit Protiviti.com/FS. © 2015 Protiviti Inc. An Equal Opportunity Employer M/F/Disability/Vet. Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services. Incident response success 7.8 (containment, recovery) Virus/malware advanced 7.8 threat detection/eradication Penetration testing 7.8 (internal/external) Vulnerability scanning 7.8 Incident response reaction time 7.7 Data breach and privacy laws 7.5 (various U.S. states) Data governance 7.5 NIST (cybersecurity) 7.4 Data architecture 7.3 Enterprise architecture 7.3 Monitoring and achieving 7.5 legal/regulatory compliance IT risk analysis and reporting 7.3 Integration/alignment of IT 7.2 planning and business strategy Developing and maintaining 7.2 operations management policies and standards TECHNICAL KNOWLEDGE MANAGING SECURITY AND PRIVACY DEFINING IT GOVERNANCE AND STRATEGY 63 % 31 % 40 % Percentage of financial services organizations investing in payments innovation Percentage of financial services organizations considering a renewal or replacement of their core processing/ accounting systems Percentage of financial services organizations undergoing a major IT transformation Amid Ongoing Transformation and Compliance Challenges, Cybersecurity Represents Top IT Concern in Financial Services Industry IT security issues sit atop the priority pyramid, but must be balanced with other critical concerns, according to Protiviti’s latest IT Priorities Survey Though the financial services industry continues to focus on transforming their operations for the mobile era, the alarming rise in malicious IT attacks has redoubled their focus on cybersecurity. And for good reason. Sensitive financial information is among the most valuable and abundant data there is – which explains why crafty, cunning and dangerous cyber predators worldwide are constantly threatening security vulnerabilities at both financial institutions and other points of financial interaction, such as payment transactions. Yet other priorities, including regulatory compliance and an ever-increasing demand for innovation, continue to pull CIOs and IT leaders in multiple directions.

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Page 1: Amid Ongoing Transformation and Compliance Challenges ... · Data governance 7.5 NIST (cybersecurity) 7.4 Data architecture 7.3 Enterprise architecture 7.3 Monitoring and ... financial

A B O U T T H E S U R V E YMore than 1,000 respondents (n = 1,073), including CIOs, IT vice presidents and IT directors, participated in Protiviti’s 2015 IT Priorities Survey, with 14 percent of our respondents representing the financial services industry. Survey participants were asked to rate more than 100 IT issues and capabilities on a scale of 1 to 10. A “10” rating indicates the issue is a high priority while a “1” indicates the issue is a low priority.

To learn more, visit Protiviti.com/FS.

© 2015 Protiviti Inc. An Equal Opportunity Employer M/F/Disability/Vet.

Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.

Incident response success 7.8(containment, recovery)

Virus/malware advanced 7.8threat detection/eradication

Penetration testing 7.8(internal/external)

Vulnerability scanning 7.8

Incident response reaction time 7.7

Data breach and privacy laws 7.5(various U.S. states)

Data governance 7.5

NIST (cybersecurity) 7.4

Data architecture 7.3

Enterprise architecture 7.3

Monitoring and achieving 7.5 legal/regulatory compliance

IT risk analysis and reporting 7.3

Integration/alignment of IT 7.2 planning and business strategy

Developing and maintaining 7.2operations management policies and standards

TECHNICAL KNOWLEDGE

MANAGING SECURITY AND PRIVACY

DEFINING IT GOVERNANCE AND STRATEGY

63%

31%40%

Percentage of financial services organizations investing in payments innovation

Percentage offinancial services organizations consideringa renewal or replacement of their coreprocessing/ accounting systems

Percentage of financial servicesorganizations undergoing a major

IT transformation

Amid Ongoing Transformation and Compliance Challenges, Cybersecurity Represents Top IT Concern in Financial Services IndustryIT security issues sit atop the priority pyramid, but must be balanced with other criticalconcerns, according to Protiviti’s latest IT Priorities Survey

Though the financial services industry continues to focus on transforming their operations for the mobile era, the alarming rise in malicious IT attacks has redoubled their focus on cybersecurity. And for good reason. Sensitive financial information is among the most valuable and abundant data there is – which explains why crafty, cunning and dangerous cyber predators worldwide are constantly threatening security vulnerabilities at both financial institutions and other points of financial interaction, such as payment transactions. Yet other priorities, including regulatory compliance and an ever-increasing demand for innovation, continue to pull CIOs and IT leaders in multiple directions.