E&Y on Foreign Outsourcing Risks
CSO Magazine has a recent post regarding "... third-party relationships, particularly with the use of customer data by customer service outsourcing companies in rapidly developing economies." This comes from a recently completed information security survey performed by Ernst & Young.
Foreign Outsourcing Risks Only Now Being Recognized
Security Feed - Blog - CSO Magazine
Nov 17, 2006
Foreign Outsourcing Risks Only Now Being Recognized
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Respondents indicated that many companies are beginning to recognize the potential risks "of third-party relationships, particularly with the use of customer data by customer service outsourcing companies in rapidly developing economies," Ernst & Young said in a statement.
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The survey also reported that CSOs will continue to face the challenges of regulatory compliance and privacy issues.
Privacy issues are a key priority for future success, said Ernst & Young. Privacy "has become a high-stakes business issue, catapulted up the board agenda by consumer concerns caused by well publicized lapses of security and the growing response of government and legislative activism," said (Paul van Kessel, global leader of Ernst & Young’s Technology and Security Risk Services). "Understandably it is the area where companies are being most active, with privacy and data protection practices becoming increasingly more formalized."
Companies know all too well that the problem of privacy and personal data protection is broader and deeper than what is in the headlines," he added. "Our survey reports that this will continue to be a top business issue, requiring vigilant oversight on the part of organizations and even more formalization of measures to mitigate the risks.
Technorati Tags: Data Protection, Security