LOCAL finance firms may need to strengthen information security measures to meet requirements of potential clients in Asia, a big four accountancy practice has warned.

And PwC also say that online security among many businesses is nowhere near as safe as they think it is.

The comments were made following the publication of the tenth annual ‘Global State of Information Security Survey’ conducted by PwC in conjunction with two magazines. The survey sought the views of 9,300 top-ranking executives in 128 countries.

Nick Vermeulen, head of advisory services at PwC Channel Islands, said that 68% of respondents expressed confidence in the effectiveness of their information security activities and nearly half thought they would be considered a ‘front-runner’ in strategy and execution.