Large Tech Firms Have Bigger Concerns than Data Security

Posted 05/25/2010 at 5:08am | by Paul Lilly

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If you're under the impression that big tech firms are most concerned with the possibility of data breaches, think again. According to research released by BDO, a professional services firm, there are much bigger concerns when it comes to security risks.

According to BDO, natural disasters, wars, conflicts, and terrorist attacks were cited by 55 percent of respondents as a risk concern and was 16th on the list. So where did breaches of technology security rank? Far below at 23rd on the listed and mentioned by 44 percent of respondents, or less than half.

"I think it has to do not only with the general difficulty one might encounter as result, but also, at the end of the day, what they are concerned about is business continuity," said Aftab Jamil, leader of the Technology Practice at BDO. "Can they get back on their feet relatively quickly? If you in the path of a hurricane or an oil spill, can you keep your business going?"

As for the top spot, that belonged in part to failure to develop or market new products/services, which tied with strong competition as the leading risk factor with 94 percent mentioning those two areas.