Security and privacy of data in finance applications is the highest priority
Menlo Park, CA (September 20, 2018) – According to the 2018 Finance Trends Survey Report released today by global consulting firm Protiviti, CFOs and finance executives view data management (security, privacy and governance) and predictive data analytics to be among their most significant issues to address. Survey respondents rated different areas in the finance function to reflect their priorities to improve their knowledge and capabilities over the next 12 months.
Security and privacy of data in finance applications is a high priority for 71 percent of all respondents and 75 percent of CFOs/finance vice presidents, specifically. This comes as no surprise given the volume, complexity and sensitivity of data that finance groups must manage and keep secure. These security challenges are compounded as more finance data warehouses move to the cloud, which introduces a broad range of new security risks.
“Another key area that CFOs and finance leaders are struggling to manage is data quality. The analysis and reporting that finance delivers to the organization rests on the quality and completeness of the available data, making data governance critical,” said Christopher Wright, a Protiviti regional managing…