Risk Won’t Wait

After several years of delaying funding on risk management and IT security due to economic pressures, more and more companies are realizing that they cannot wait any longer. The stakes are simply too high to rely on outdated technology and a bare-bones approach to addressing ever-increasing risks.  Here is what was reported in InformationWeek magazine earlier this week,

A unique convergence of circumstances makes this the perfect time to bring IT and business units together under the flag of a risk-oriented approach to security. Economic stress and cutthroat competition on a global scale mean every dollar you spend on security had better matter. Executives are increasingly being held personally accountable, and unified risk management as a discipline is finally reaching maturity.

Plus, the money is there. Thirty-five percent of the 563 respondents to our InformationWeek Analytics IT Risk Management Survey say their companies’ IT risk management programs will get more funding in 2011 than they did last year. Very few will see cuts.

Don’t be left behind. With leaps in technology occurring in a matter of months rather than years, no company can afford to delay their improvements in risk management.

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About Wheelhouse Advisors
Wheelhouse Advisors LLC is the publisher of The ERM Current™, an online publication and blog dedicated to providing the latest updates on current trends in Enterprise Risk Management & Control. Wheelhouse Advisors provides cost-effective Enterprise Risk Management & Control solutions to both large and mid-size corporations. To learn more about Wheelhouse Advisors, please visit our web site at www.WheelhouseAdvisors.com.

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