ISACA's top social media risks

Global IT association ISACA has identified the top five social media risks for business and recommended solutions to help businesses address security, customer service and corporate reputation risks raised by their employees' use of social media, states IDM.net.au.

In a new white paper titled 'social media: business benefits with security, governance and assurance perspectives', ISACA urges organisations to actively address potential risks including viruses and malware; brand hijacking; lack of control over content; and non-compliance with record management regulations.

“Historically, organisations tried to control risk by denying access to cyberspace, but that won't work with social media,” said Robert Stroud, CGEIT, international VP of ISACA.

MetricStream, a player in the field of enterprise-wide governance, risk, and compliance (GRC) management solutions, has entered into an agreement with US-based AEI, an emerging markets energy infrastructure company, reports CIOL.

MetricStream is deploying its GRC platform for enterprise risk management across AEI's infrastructure businesses in emerging markets.

Gaurav Kapoor, MetricStream CFO and GM, says: “We are seeing an increasingly strong need from companies to have a robust ERM framework and automation in place. This is coming due to greater board scrutiny and the need to visualise and react faster to risk and opportunities.”

Governance and management solutions company Aveksa will showcase the Aveksa 4.0 Enterprise Access Governance Platform at Burton Group's Catalyst Conference Europe 2010, says Market Watch.

Catalyst brings together Fortune 500 and Global 2 000 companies to address technology topics including governance and risk management.

Aveksa 4.0 enables organisations to deploy automated processes for governance to reduce complexity and increase operational efficiency.