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Identifying ICT risks

Paul Vecchiatto
By Paul Vecchiatto, ITWeb Cape Town correspondent
Cape Town, 25 Jun 2004

Law firm Buys Inc has released the second edition of its free South African 'ICT Risk Check List`, which identifies more than 112 technology risks that threaten most local businesses.

"IT risks and liabilities are starting to take a toll on South African businesses and businesses are scrambling to protect their assets and reputations," says Helaine Leggat, who heads Buys Inc`s Johannesburg office.

Leggat points out that recent local court judgments made businesses liable for the 'negligent omission` and 'harassing actions` of their employees. She also notes that the King II report on corporate governance requires businesses to identify, value and mitigate IT risks but fails to provide cost-effective assistance to smaller businesses.

"Some company directors are surprised to learn that IT risks are not limited to viruses and hackers. The unauthorised disclosure of trade secrets and private information by negligent employees is just one example of the increasing IT risk profile," Leggat says.

"Many new laws, such as the ECT Act, require compliance. Local businesses complain that compliance is costly and few resources are available to assist them. That`s one of the reasons we decided to make the new ICT Risk Check List available to everyone, free of charge," Leggat says.

The updated version of the checklist includes over 1 323 links to case studies, examples, articles, laws, toolkits and court cases.

The document can be downloaded here.

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