Security News > 2021 > October > When it comes to collaboration tools, firms struggle to keep up with security and compliance

Surveying 100 key executives across financial services, Theta Lake found that 83% of respondents are turning off key productivity and usability features of collaboration platforms like Zoom, Microsoft Teams, and Webex due to their organizations' technical inability to adhere to relevant regulatory compliance and security requirements.

Collaboration tools need appropriate compliance oversight The top three collaboration features considered to be threats or challenges to privacy and security include: files uploaded or transferred in chats, links shared in chats or onscreen and screenshares.

The rapid adoption and increasing use of collaboration tools creates risks for companies and a corresponding need for appropriate compliance oversight.

To meet these regulatory requirements, address compliance concerns, and unlock the full ROI of key capabilities from Webex by Cisco, Microsoft Teams, RingCentral Office, Zoom, and more, organizations must use purpose-built security and compliance technology solutions.

"The reliance on collaboration tools to keep business communications flowing is at an all-time high and clearly here to stay," said Stacey English, Director of Market Intelligence at Theta Lake.

"Adhering to compliance and security requirements with these new communication types, especially for financial services and other regulated industries is proving a key concern and challenge. This report sheds light on that challenge and key areas for risk management, as well as providing a roadmap for organizations to continue scaling collaboration tools usage while meeting compliance needs."

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