RealNews

Compliance costly

Network World survey finds urgency, increased spending. Keeping pace with ever-more-stringent federal regulations has rocketed to the upper reaches of network executives’ concerns, according to the 10th annual Network World 500 survey. About 60% of respondents said ensuring compliance with regulations over the next 12 months is “extremely important,” while only 2% said the issue isn’t important at all. This was the first year this issue was raised in the survey, which was conducted jointly by Network World and Research Concepts and polled 500 network IT executives. Nearly half of the respondents said they will upgrade their applications or purchase new applications this year to ensure compliance with regulations, including the Health Insurance Portability and Accountability Act (HIPAA) and the Sarbanes-Oxley Act. IT executives also are examining data-handling processes and information storage to be sure their operations are up to snuff because such laws can be particular about how corporate information is to be handled and kept. Full Story

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