Firms not serious about compliance

Only 12% of businesses take technology seriously enough to operate full board-level oversight of their IT resources, according to new research from IT Governance Limited, according to PRWeb.

IT governance frameworks, such as ITIL, COBIT and ISO27001, also appear to be used in less than 50% of organisations.

Less than 7% said that board members understood the risks posed to business operations by information and IT systems. In contrast, 49% said this was not the case, with over 22% stating this emphatically.

Brabeion Software, a provider of IT governance, risk and compliance (GRC) management solutions, has been voted a '2008 Hot Company' by Network Products Guide, says Fox News.

GRC is predicted to be one of the fastest growing security market categories in 2008.

Brabeion Software was first to market with a comprehensive IT GRC software platform, bringing the security, risk and compliance silos together in alignment with business goals and eliminating costly redundancies and audit failures.

Research & Markets has added 'GRC and Beyond: The Emergence of Strategic IT Risk Management' to its offering, according to Business Wire.

This report defines a new initiative arising to address strategic IT risk management.

It takes a look at the evolution of strategic IT risk management and how it seeks to transcend silos of technology, process and culture to provide the insight and control essential to managing risk strategy.