Energy companies look to ERM

Dubai energy companies are showing interest in using enterprise risk management (ERM) solutions to address problems around resources and geopolitical tensions, says Gulf News.

ERM's importance has grown after the financial crisis and the recent BP oil spill in the Gulf of Mexico.

An ERM benchmark survey released by Deloitte shows 95% of international energy and resources companies use risk management solutions and ERM for enterprise-wide management practices.

SAP and CA Technologies have collaborated to offer integrated governance, regulation and compliance (GRC) tools for CIOs, states ComputerWeekly.

The companies have linked IT management products from CA Technologies with GRC software from the SAP Business Objects to provide businesses with risk metrics.

According to SAP and CA, the GRC solutions will initially focus on continuously monitoring security, IT project and portfolio management, and assuring service performance.

McAfee has updated its risk management and compliance offerings, reports V3.co.uk.

The security vendor has released new versions of Risk Advisor and Vulnerability Manager to integrate with ePolicy Orchestrator, the base platform, which allows IT managers to control multiple security tools and applications through a central console.

Gary Davis, risk and compliance senior group manager at McAfee, says: "The value proposition behind Risk Adviser is that, if you can use a single pane of glass to see where the vulnerabilities exist in your assets, and what countermeasure can be employed across the board, you can save money and apply the right amount of security where you need it."