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IT managers defaulting on compliance
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Three-quarters of UK IT managers believe they are
not meeting all their legislative requirements and more than half
do not expect to see a return on investment from spending on compliance,
an extensive survey has found.
In addition, 45% of the more than 1,000 IT managers questioned
said that their IT costs had increased over the last two years as
a result of compliance requirements. Organisations were spending
an average of 11% of their IT budgets on compliance, the survey
by Dell Computers found.
The survey, which questioned organisations in the public and private
sectors, also found widespread ignorance over the growing list of
compliance requirements.
Most IT managers either did not know about or had little knowledge
of nine pieces of legislation relating to IT and business. Only
the Data Protection Act and the Freedom of Information Act were
familiar to a majority of respondents.
The research findings confirm warnings from experts that many IT
departments are struggling to comply with a range of legislation
ranging from the Freedom of Information Act to Sarbanes-Oxley and
the Basel 2 code on risk management.
The growing burden of compliance has also begun to affect IT spending
and recruitment.
A third of IT managers questioned said they had invested in new
technology to comply with legislation, while a quarter of those
in companies with more than 1,000 staff said they had hired extra
staff to handle compliance.
IT managers’ main concerns relating to compliance were security
(54%) and data backup (52%).
Compliance within an organisation is generally the responsibility
of the managing director or CEO (40%), followed by the IT director/CIO
(19%) and finance director (7%).
Reasons given by IT managers for not fully complying
with legislation;
Growth in compliance regulations: 58%
Lack of awareness of legislation: 52%
Lack of time: 44%
Lack of understanding of legislation: 44%
Lack of resource: 37%
Lack of money: 23%
(Source: www.computerweekly.com, Nick Huber)
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