Research from a survey conducted in May and June 2005 by Protegrity Corporation, a leader in data security management, shows that 53.9 percent of IT professionals surveyed believe their companies are still not entirely clear about current data security requirements as outlined by the Payment Card Industry (PCI) Data Security Standard, which goes into effect today for companies annually processing more than 20,000 Visa transactions involving credit card data, as well as regulations imposed by laws such as California SB 1386, Sarbanes-Oxley, and HIPAA. One-third of survey respondents indicated their companies today would fail compliance audits.
Despite the emphasis these regulations place on data security, 41% of respondents said their companies are spending 10 percent or less of IT security budgets on data and database security. Not surprisingly, 87 percent of respondents believed that internal misuse of sensitive data was the biggest threat to their companies, based on current security solutions in place.
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