Compliance Is Wasted Money, Study Finds

Trailrunner7 writes "Enterprises are spending huge amounts of money on compliance programs related to PCI-DSS, HIPAA and other regulations, but those funds may be misdirected in light of the priorities of most information security programs, a new study has found. A paper by Forrester Research, commissioned by Microsoft and RSA, the security division of EMC, found that even though corporate intellectual property comprises 62 percent of a given company's data assets, most of the focus of their security programs is on compliance with various regulations. The study found that enterprise security managers know what their companies' true data assets are, but find that their security programs are driven mainly by compliance, rather than protection (PDF)."

Comments

Re:Process/Objective Inversion

[hemorex]

sudo give me mod points.

Re:It's more than IT compliance (CHINA??????)

[Required Snark]

China, known around the world for product standards.

Heparin: http://en.wikipedia.org/wiki/2008_Chinese_heparin_adulteration

Since this "over-sulphated" variant is not naturally occurring and mimics the properties of heparin, the counterfeit is almost certainly intentional as opposed to an accidental lapse in manufacturing.[8] The heparin was cut from anywhere from 2-60% with a counterfeit substance due to cost effectiveness, and a shortage of suitable pigs in China.

Drywall: http://news.yahoo.com/s/ap/20100402/ap_on_bi_ge/us_chinese_drywall

The drywall has been linked to corrosion of wiring, air conditioning units, computers, doorknobs and jewelry, along with possible health effects. Tenenbaum said some samples of the Chinese-made product emit 100 times as much hydrogen sulfide as drywall made elsewhere.

Pet Food: http://en.wikipedia.org/wiki/2007_pet_food_recalls

Sometime in mid-March, an "unnamed pet food company" reported to Cornell that they had discovered an industrial chemical utilized in plastics manufacture, melamine, in internal testing of wheat gluten samples. ..... The chemical was found in the suspected wheat gluten in raw concentrations as high as 6.6 percent.

Cooking Oil: http://rawstory.com/2010/03/chinese-consumed-millions-gallons-toxic-sewage-oil-study/

Chinese cooking oil siphoned from restaurants' waste tanks and stripped out of raw sewage is being resold on the cheap and has for years tainted approximately one out of every ten meals cooked in the eastern nation, according to a recent study.

Tooth Paste http://publicsafety.tufts.edu/ehs/?pid=27

In recent weeks, the U.S. Food and Drug Administration (FDA) has identified a number of instances of contaminated toothpastes that have been imported and sold in the United States. The toothpaste from China and counterfeit Colgate toothpaste may contain diethylene glycol (DEG), a chemical used in antifreeze.

Two are current: cooking oil and drywall.

Yes, the US will be a much better competitor if we just give up regulation, make a few people rich and poison everyone. Actually we already have, if you consider how unregulated Toxic Assets have ruined both the domestic and world economy....