A look at some recent surveys and reports dealing with risk and compliance issues. Send surveys and reports towsjrisk@wsj.com.
Critical Threat: A survey of 625 IT executives in the U.S., U.K., France and Germany by Intel Security and the Aspen Institute found 48% said they think it’s likely there will be a cyberattack oncritical infrastructure in the next three years that will result in loss of life. It found 86% said there needs to be more threat information sharing between the public and private sectors, while 76% said national defense forces should respond following an attack on critical infrastructure.
“This data raises new and vital questions about how public and private interests can best join forces to mitigate and defend against cyberattacks,” said Clark Kent Ervin, director of the homeland security program at Aspen Institute. “This issue must be addressed by policymakers and corporate leaders alike.”
CISO Gets The Blame: A survey of 200 C-suite-level executives by data security firm ThreatTrack found 75% don’t think the chief information security officer should be part of the senior leadership team, even though 47% said the CISO should be the person held accountable if there is a breach.
Getting To Know You: A survey of 150 senior-level banking and compliance professionals by Accuity found 83% said they have a hard time finding information to help them with know-your-customer, on-boarding and due diligence issues—and 85% said high-risk correspondents need to make it easier for banks to conduct due diligence on them.
Stressed Out: A survey by financial information firm Sageworks of 180 financial institutions found 33% of respondents said their firms had been pressured by examiners to start or expand their stress testing, 24% said they received no pressure.
Dodd-Frank Impact: A report from the Competitive Enterprise Institute looks at theeffect the Dodd-Frank Act has had on the U.S. economy five years after its passage.
Only The Strong Survive: A survey of 616 bankers and financial industry professionals by SNL Financial found 30% of respondents said a bank needs to have more than $1 billion in assets to survive in the age of Dodd-Frank regulation, while 29% said all banks regardless of size can do well in the present environment.
Cyber Scary: A report from the Center for Strategic & International Studies looks at the evolution of cybersecurity requirements in the financial industry.
A Fish By Any Other Name: A report from environmental advocacy organization Oceana concluded requiring only one name be used to identify each species of seafood sold in the U.S. would help cut down on fraud and help fight illegal fishing.
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