Australia lacks risk management

A survey by CSA claims Australia's biggest enterprises are 'complacent' about risk management strategies, reports The Wall Street Journal.

The survey, based on 118 respondents, suggests top companies lack clear, forward-thinking strategies on risk management, despite a high awareness of the issues.

"Our respondents were very clear on what they saw was important in terms of risk management and how they rated the performance of their own organisations," says CSA chief executive Tim Sheehy.

Xhead = GRC failure costs UK £1.5bn

Failure to deal with governance, risk and compliance (GRC) regulations and directives is costing the UK economy more than £1.5 billion a year, reports Computer Weekly.com.

The estimates are based on a study of 200 large-scale enterprises by GRC consultancy su53. The heart of the issue, according to the firm, is a strategic failure to align corporate reputation management with the practice of GRC.

Fears concerning the protection of corporate reputation and complying with regulations currently lead to £1.13 million in revenue losses for the average UK company, the study found. Enterprises currently suffer 510 days in lost productivity each year owing to ineffective GRC controls.

Cisco and BMC Software have penned a strategic alliance to develop and risk management solutions for large-scale multi-tenant cloud computing infrastructures, says Market Wire.

The integrated cloud delivery platform is said to be able to integrate the compliance and governance of public and private cloud infrastructures to increase the quality of ongoing cloud service delivery.

Bob Beauchamp, chairman and CEO for BMC Software, says: "As cloud computing evolves from a strategic idea to a business reality, companies are quickly discovering the complexities of deploying and managing cloud solutions in a hybrid data centre.”