Signs of IT governance failure

Good IT governance is a required ingredient for any organisation or company to succeed in the 21st century, says the Sarbanes-Oxley Compliance Journal.

James Rogers, chief marketing officer at Troux Technologies, says that without IT governance, a company stumbles over itself and becomes grossly inefficient as it strives to maintain its position as an industry leader or keep up with the competition.

His 10 signs that IT governance could be failing within a company include the inability to align IT execution to the business strategy, limited visibility to make informed decisions and project overages.

Modulo Security says the latest version of Modulo Security Risk Manager is designed to assist the entire IT security risk assessment process and to support compliance audits.

Features include security governance, which integrates business, systems and IT infrastructure; checklist automation, which checks the level of compliance with ISO 17799 and COBIT 4.0; and COBIT 4.0 strategic analysis, which helps integrate business goals, IT goals, and IT processes.

Specific checklists support certification, gap analysis or security compliance, allowing the organisation to store control evidence in a single repository, to monitor the steps needed for certification, and to demonstrate fulfilment of requirements during the certification audit.

Compliance software firm Qumas is opening a 4.4 million euro research and development centre in Cork, Ireland.

Qumas CEO Paul Hands said the firm is aiming to improve its US and European market penetration, and is expecting incremental sales worth over 40 million euros over the next five years.

Qumas has deployed over 250 governance, risk and compliance software solutions and exports 99% of its products and services, mainly to the life sciences and financial services industries.