Business Strategy: 2011 Security Survey — The State of Information Security Within the Asian Financial Services Industry

This IDC Financial Insights report delineates key findings from the IDC Security Survey conducted in 2011 on Asian financial services institutions. For financial services industry leaders working to ensure compliance and prudent security risk management practices, this document presents a great opportunity to benchmark their developments against those of fellow peers. Additionally, it also provides insurance technology vendors with an overarching view on the risk and security concerns of financial institutions, and an opportunity for them to craft correlated offerings to complement clients' IT security priorities.

"Given that IT risk is increasingly on the radar of financial institutions, this document offers invaluable insights to risk professionals and technology vendors alike," remarked Li-May Chew, associate research director, Asia/Pacific Financial Advisory Service.

"This document covers fundamental issues around the evolving role of the Chief Information Security Officer (CISO), organizations' commitment toward information security (IS), and core IT security initiatives. It also addresses security risk concerns pertaining to transformational innovation (including the emergence of mobile devices, cloud computing, and the embrace of social networking) and how institutions are dealing with the perennial threat of fraud. Finally, it gauges respondents' expectations around changes in IT security budgets going forth the next 12 months."