Corporate officers such as compliance or money-laundering executives are being brought into decisions. Short-term volatility will harm the quality of the stock and could endanger the objectives of the founders to focus on long-term growth and value.
Simon Norbury, head of ICT at Westminster City Council, agreed, saying "outsource delivery, not strategic thinking" while Angus Waugh, head of IT at the National Audit Office, said IT strategy can end up "out of the control of the organisation and...
In a report published yesterday, the GAO said: "SEC had not consistently implemented effective electronic access controls, including user accounts and passwords, access rights and permissions, network security, or audit and monitoring of security...
But the other way to tighten up security controls is to refine your overall IT practice using service and management strategies like ITIL and CoBIT, says Pironti. Security for compliance purposes has to be considered in the wider corporate context...
Instances of bad security practice found in the audit included a lack of due diligence in checking third-party suppliers vet their employees or have adequate security arrangements, too much emphasis on IT controls at the expense of staff awareness...
Yet the administration of these objectives could be much less painful. After all, controls and security are very real concerns of the modern technology age and cannot be dismissed lightly. It is a travesty that the biggest growth area in recent...