Financial Execs Not Up to Par on Doc Regulations

There's an interesting (and, granted, a little scary) survey on WallStreetandTech.com this week discussing members of the financial industry's fluency with sensitive document management regulations. According to the results, a vast portion of the embattled community doesn't have a good grasp on what industry regulations call for when dealing with sensitive business information.

From the website:

Almost 60% of finance executives anticipate new regulations regarding sensitive business information will increase in 2009, but almost half say they are unprepared, according to a new survey from Intralinks, a provider of virtual data rooms. Eighty-nine percent of respondents said they still use older solutions, including file transfer protocol (FTP) sites, document management software, electronic data interchanges (EDI) and protected drives for sharing files beyond the firewall. The survey polled 50 Fortune 1,000 financial executives, 32.7% of who are in the financial services.