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Top 10 governance, risk, compliance tech spending priorities

From InformationWeek

"The top 10 IT spending priorities for governance, risk and compliance could serve double duty as a list of the fears that keep IT executives awake at night. Yet most organisations still use 1990s technology to handle their GRC needs, according to a survey released in May by the non-profit Open Compliance and Ethics Group (registration required).

More than half (53%) of the 237 respondents to the OCEG survey said their organisations use mainly spreadsheets, emails and documents to handle GRC. The rest use an internally developed GRC application (17%), a single commercial GRC application (24%), or two or more commercial GRC applications (6%).

GRC is practically an industry unto itself. US federal agencies, for example, publish an average of 14.7 final rules and 9.4 proposed rules each work day, according to Osterman Research. Then there are industry-originated compliance programmes such as PCI in retail. And every company needs to have quick access to data for e-discovery in the event of a lawsuit.”

Read more at InformationWeek


NCC Weekly News Update 23 June 2014

 

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