New security survey reveals UK businesses are struggling to meet legislative deadlines

Daily news headlines

An independent survey of more than 200 enterprise IT and security managers, commissioned by security and systems management software vendor NetIQ, has revealed that more than half (51%) of all UK companies have not implemented the necessary processes and procedures to proactively manage risk and comply with legislative directives such as PCI and Mifid.

The survey conducted by EMedia on behalf of NetIQ, questioned 218 security and IT managers about their companies’ readiness and views on compliance and risk management. It revealed a lack of readiness to meet compliance goals despite being their most critical security issue ahead of business continuity, data leakage and protection against viruses and spyware.

The NetIQ survey also indicated a high degree of scepticism among IT staff concerning the commitment to or understanding of IT security among the board - 40% claimed the board were merely paying lip-service to IT security to gain compliance status. Other survey findings pointed to a lack of co-ordination between the IT organisation and the rest of the business. Some 29% of IT security managers felt their companies’ security policies were not closely aligned with its business objectives or areas of risk within their organisation. Furthermore 57% of them felt internal staff didn’t understand the legislation that affected their business.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Investment banks: the future of risk control

This survey report explores the current state of risk controls in investment banks, the challenges of effective engagement across the three lines of defence, and the opportunity to develop a more dynamic approach to first-line risk control

Op risk outlook 2022: the legal perspective

Christoph Kurth, partner of the global financial institutions leadership team at Baker McKenzie, discusses the key themes emerging from’s Top 10 op risks 2022 survey and how financial firms can better manage and mitigate the impact of…

Emerging trends in op risk

Karen Man, partner and member of the global financial institutions leadership team at Baker McKenzie, discusses emerging op risks in the wake of the Covid‑19 pandemic, a rise in cyber attacks, concerns around conduct and culture, and the complexities of…

Moving targets: the new rules of conduct risk

How are capital markets firms adapting their approaches to monitoring and managing conduct risk following the Covid‑19 pandemic? In a webinar in association with NICE Actimize, the panel discusses changing regulatory requirements, the essentials…

Building resilience into ESG risk management

Risk and resilience continue to play an important role in the navigation of an increasingly uncertain world. Fusion Risk Management explores why it is equally crucial for technology to support organisations in addressing pertinent environmental, social…

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here