The ReymannGroup today released a survey that shows bank compliance officers are fully aware that new IT security resources are needed for them to meet current laws and rules, and they are actively looking for IT partners and budgeting for those expenditures.
The survey, conducted by phone in June 2005 by ReymannGroup, surveyed 300 compliance officers in mid-sized financial institutions that ranged from $100 million in assets up to $10 billion. The banks surveyed were predominantly located on the East Coast.
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