A recent survey of insurance professionals conducted by CMG Admiral, part
global Information & Communications Technology services group CMG, reveals
that half of them wouldn't bet more than just one pound that their IT
systems are safe from security attacks. This is particularly worrying as
state that at least two-thirds of their IT systems contain company
These results suggest that even though 20% of respondents say they spent
between 10-20% of their IT budgets on security last year, more investment
needed in order to make them confident that their systems are watertight.
52% state that their primary objective in 2001 is to be effective at
eCommerce. 11% say it is to increase customer relationship management. But
with little emphasis on assuring customers that their systems are secure
they may find it hard to meet these objectives.
Even after a spate of IT security breaches at several high profile
companies, eSecurity is still only rated by only 5% of insurance
professionals as being their greatest IT priority for 2001.
62% believe that the biggest IT security threat is from external parties.
The rest, 38%, say that the greatest threat is more likely to come from
When asked what was hindering the implementation of more secure systems,
state that the problem results from having too many devices and platforms
cope with. But, in contrast, not one respondent feels that security
implementations are too complex for them to handle. 33% say that it is
down to cost.
Mike Woods, director at CMG Admiral, commented:
"It appears from the results that insurance companies seem to be taking an
'it won't happen to me' attitude. And, although money spent on eSecurity
be less attributable to driving bottom line cost benefits than other parts
of IT expenditure, it cannot be ignored."
"52% say that they want to be effective at eCommerce. An important way of
making electronic channels successful is by gaining the trust of those you
want to use it. Security is a key issue for many customers who are
wary of publishing their personal details on the internet. A company which
makes an initial investment in eSecurity will be better placed to realise
real long-term benefit on its balance sheet as consumer confidence rises
online sales increase."
CMG Admiral Enquiries:
Imogen Beck, CMG Admiral, Parnell House, 25 Wilton Road, London, SW1V 1LW.
Tel 020 7592 4755, Fax 020 7592 4157, Email: firstname.lastname@example.org
James Read/Richard Moore, Citigate Technology, Tel: 01604 232223, Fax:
234501, 7 Albion Place, Northampton, NN1 1UD, Email:
email@example.com or firstname.lastname@example.org
Background to CMG Admiral
CMG Admiral is part of the CMG group and represents the combined UK
of CMG and Admiral. With over 3500 staff throughout the UK CMG Admiral
offers the strength to deliver global solutions locally. CMG Admiral is
focused on enabling clients to gain maximum advantage from technological
innovation. CMG Admiral provides a pragmatic, partnership approach and
committed to building long term relationships with clients.
CMG is a global Information & Communications Technology (ICT) group, with
leading positions in the provision of business information solutions and
mobile messaging and billing products. Through management consultancy,
systems development & integration, software applications and outsourcing,
CMG helps organisations to build secure ICT infrastructures that enable
adoption of new business models for electronic and mobile commerce.
Established in 1964, CMG is headquartered in London and Hoofddorp (near
Amsterdam) and now implements and supports applications for customers
worldwide from bases in 16 countries. CMG has proven knowledge, solutions
and products across a wide spectrum of markets, including finance,
transport, telecommunications, media, petrochemicals, utilities, retail,
manufacturing and government agencies. The Group also provides outsourced
business services ranging from payroll processing, call centres and
networked systems to infrastructure management, application maintenance
CMG Wireless Data Solutions has established a leading position in wireless
messaging and gateway products, mobile Internet and e-mail, cell broadcast
and customer care & billing systems. These products are provided to mobile
telecommunication operators and service providers worldwide from offices
Europe, the Americas and Asia Pacific.
CMG works alongside its customers in long term relationships to generate
success for them. Through the quality of its services, products and
professionally committed people, CMG adds value to its customers'
businesses. This creates a basis for the Group's sustained success.
CMG is listed on both the London Stock Exchange (FTSE 100 and techMARK
and Amsterdam Exchanges (AEX Midcap).
This press release was distributed by ResponseSource Press Release Wire on behalf of Citigate Dewe Rogerson in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.