The lack of skilled workers is the top “barrier” for their company to adopt better data security, some 44 percent of 1,110 surveyed senior IT executives said in a Vormetric survey. A close-second barrier – the lack of a budget – was selected by 43 percent of those questioned.

“Compliance remains the primary motivator for securing sensitive data – the problem is that being compliant won’t prevent data breaches or protect organizations from breach litigation, yet is considered by many of the IT security professionals as ‘very or extremely’ effective at preventing them,” Sol Cates, CSO at Vormetric, told Legaltech News. “Make no mistake, for highly regulated industries like financial services, healthcare and government it can be considered table stakes – a minimum requirement for operation or doing business – but it is no longer sufficient protection from data breaches, and opens the door to potential litigation as a result.”

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]