News

06:30 PM
Connect Directly
RSS
E-Mail
50%
50%

Risk Management In A Box?

You can't buy a safer environment, but software can help.

By the pace of activity in governance, risk, and compliance (GRC) software, you'd think this was the biggest thing since the cloud: EMC acquired Archer. IBM bought OpenPages. Thomas Reuters bought Paisley. Wolters Kluwer acquired Axentis. Even Standard & Poor's is getting into the game by establishing enterprise risk management criteria for financial institutions, insurance companies, and other corporations.

Now, GRC, enterprise risk management, and compliance software can help IT tackle the difficult and tedious tasks of establishing and coordinating a cohesive risk-based program. But then, so can spreadsheets. In fact, in our survey, when we asked which technologies companies use to run their IT risk management programs and activities, the lowly spreadsheet was No. 1 by a wide margin.

For those just starting out, the spreadsheet is your friend. Begin with a basic risk registry and control library. Get in the habit of documenting and tracking organizational risks and controls before you consider a more comprehensive suite. Compliance software--on premises or software as a service--may be cost-effective for small companies that must be diligent about multiregulatory or multijurisdictional requirements. More comprehensive risk management software systems really come into play for large and/or complex companies.

Go to the main story:
Rise Of Risk Management
Continue to the sidebar:
Tenets Of Risk-Based Security Management

Comment  | 
Print  | 
More Insights
Slideshows
Cartoon
Audio Interviews
Archived Audio Interviews
Jeremy Schulman, founder of Schprockits, a network automation startup operating in stealth mode, joins us to explore whether networking professionals all need to learn programming in order to remain employed.
White Papers
Register for Network Computing Newsletters
Current Issue
Research: 2014 State of the Data Center
Research: 2014 State of the Data Center
Our latest survey shows growing demand, fixed budgets, and good reason why resellers and vendors must fight to remain relevant. One thing's for sure: The data center is poised for a wild ride, and no one wants to be left behind.
Video
Twitter Feed