Information security in the UK life, savings & investment and pensions sector

Is information security an opportunity to grow the life, savings & investment and pensions sector in the UK or simply another cost to be borne by businesses under pressure?

The aim of the Logica survey was to provide evidence of the seriousness with which data protection and enterprise security is being taken across the sector, key issues and the approaches being taken to address the issue. The results provide an initial benchmark from which the topic can be further developed. Whatever your view, this Logica snapshot survey of major companies in the sector shows that data security spending is increasing rapidly and the issue is being taken more seriously than ever before.  Key drivers for this expenditure are both the spate of recent data breaches and a dawning realisation that better security can provide not only safer information but also a way of increasing market share.

This means that information security is changing from a non-competitive issue – a data breach in one company affects confidence in the entire sector – to a way of positively differentiating between organisations.

In their candid and open replies to detailed questions, the participants in this survey
have added greatly to the overall understanding of the changes that information security is making to the landscape of one of the UK’s largest financial sectors. They also support the Logica perspective.

We hope that you find the results interesting and that they help to stimulate debate on the future of safe data management.

Download white paper: Information security in the UK life, savings & investment and pensions sector