Firms Take Government Regulations Seriously

Firms are revising their IT spending to improve their compliance with new regulations. The Sarbanes-Oxley Act is seen as having the most impact on enterprises’ information security management planning in 2004 with 36 per cent of the companies surveyed by NetSec. Basel II came in as the second most important piece of regulation with 25 per cent naming it as having the most impact on information security management planning. BS7799-2:2002, the government's gold standard for information security, came in third with just 19 per cent even though it was rated as the best framework for defining companies’ Information Security Management Systems. To read more, http://www.theregister.co.uk/2004/10/27/netsec_security_survey/.