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PwC study finds solid gains by telcos when it comes to security measures

PwC US today released the 2012 Global State of Information Security Survey, which contains findings on information security for the telecom industry. The report, including responses from 647 senior telecom executives, finds that while nearly...


September 28, 2011  


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PwC US today released the 2012 Global State of Information Security Survey, which contains findings on information security for the telecom industry. The report, including responses from 647 senior telecom executives, finds that while nearly half (43%) of the respondents saw themselves as industry front runners, only 13% considered themselves leaders. Key findings include:

* Despite tight budgets, telecom companies are proactively adopting technology safeguards to bolster data security. Over the past year, telecoms have made solid gains in strengthening technology safeguards to protect data from potential breaches and cyber crime.

* Although there are signs of confidence, security incidents increased across the board – 15% of respondents indicated 50 or more negative events in 2011, while 75% of respondents say they are confident that their organization’s information security activities are effective.

* Given the bleak spending environment since 2008, 28% of telecom respondents considered insufficient capital to be a top security obstacle, and at the same time 30%, nearly one in three respondents point to the lack of vision as their top hindrance.

*. More than half (55%) of telecom respondents’ organizations use cloud services with 51% of those believing it has improved overall security. Furthermore, while the leading security risk to cloud computing is an uncertain ability to enforce provider security policies, respondents are also concerned about training as well as multi-tenancy issues.