# Nearly two-thirds (64%) of CISOs see security governance and compliance management as their biggest investment priority, data from Network Group Events shows
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-03-10
Category: INVESTING
Category URL: https://financedigest.com/category/investing
Meta Title: Financial Services CISOs Highlight Security Concerns
Meta Description: Discover the top security concerns amongst CISOs in the financial services industry based on the latest survey data from Network Group Events!
URL: https://financedigest.com/nearly-two-thirds-64-of-cisos-see-security-governance-and-compliance-management-as-their-biggest-investment-priority-data-from-network-group-events-showshtml

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- _Survey conducted at the Financial Services Information Security Network event highlights the top security concerns amongst CISOs in the financial services industry_
- _50% of those investing in security governance and compliance management placed governance and reporting as their biggest priority_

64% of financial services Chief Information Security Officers (CISOs) plan to invest in security governance and compliance management over the next 12 months, data from Network Group Events shows. The survey, conducted with senior FTSE 250 information [security professionals at the Financial Services Information Security Network](https://www.financedigest.com/new-demands-on-network-security.html "NEW DEMANDS ON NETWORK SECURITY"), found that half (50%) of the CISOs investing in this area saw security governance and reporting as their biggest priority. The data comes [ahead of this year’s](https://www.financedigest.com/the-year-ahead-top-payments-trends-to-watch-out-for-in-2022.html "The year ahead: Top payments trends to watch out for in 2022") event on April 24th-25th, and the implementation of the EU General Data Protection Regulation (GDPR) in 2018.

CISOs also planned to invest in other areas of governance and compliance, with 44% [planning to invest in security policies](https://www.financedigest.com/analysis-trapped-cash-mangles-chinas-policy-plans.html "Analysis-Trapped cash mangles China’s policy plans") and guidelines, and a third (33%) viewing incident response plans as their priority.

**Jake Summerfield, Managing Director, Network Group Events said,**“CISOs in the financial services sector are clearly planning to invest heavily in governance and compliance ahead of the implementation of the EU’s GDPR [next year](https://www.financedigest.com/the-next-upcoming-years-to-see-the-aesthetic-lasers-and-energy-devices-market-get-through-the-best-of-both-innovation-and-inquisition.html "The Next Upcoming Years To See The Aesthetic Lasers And Energy Devices Market Get Through The Best Of Both – Innovation And Inquisition"). Financial institutions face an enormous task [adapting their systems and processes to the new regulation](https://www.financedigest.com/eu-regulator-hopes-to-approve-covid-variant-adapted-vaccines-by-autumn.html "EU regulator hopes to approve COVID variant-adapted vaccines by autumn"), so it is no surprise that nearly two-thirds of the senior information security professionals attending our event saw data compliance as a top priority.

“Whilst GDPR is set to be a [major challenge](https://www.financedigest.com/refurbished-medical-imaging-equipment-market-comprehensive-study-with-key-trends-major-drivers-and-challenges-2018-2026.html "Refurbished Medical Imaging Equipment Market: Comprehensive Study with Key Trends, Major Drivers and Challenges 2018-2026"), CISOs are clearly not letting that draw their focus away from the many other threats they may face. A third are still investing in incident response plans, whilst the spate of recent DDOS attacks such as those [targeting Tesco Bank](https://www.financedigest.com/hsbc-ups-price-targets-on-greek-banks-with-eurobank-piraeus-top-picks.html "HSBC ups price targets on Greek banks, with Eurobank, Piraeus top picks") also remains a concern.

“As we look ahead to our next Financial Services Information Security Network in April, we continue to see CISOs raise their [concerns about these threats](https://www.financedigest.com/japan-bans-chemical-weapons-related-goods-to-russia-concerned-by-nuke-threats.html "Japan bans chemical weapons-related goods to Russia, concerned by nuke threats") alongside the need to adapt their businesses to the incoming regulation.”


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