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Mitigating
foundation risks
Technology is effectively the foundation of nearly all
businesses today. So why is technology risk management
compartmentalized?
Risk management
is now a fundamental part of everything we do today, but
many businesses compartmentalize the risk of technology
rather than managing it holistically. Technology enables
business processes to develop, deliver, operate and
manage a businesses products and services. So how should
companies properly manage technology risks?
Iterative Technology Risk Management
Enterprise technology risk identification, aligned
with business strategy, is the starting point to
institute an effective technology risk management
framework. A business must understand the role of
technology in their organization and identify the
impact, probabilities, dependences and consequential
risks associated with their technologies. Business
strategy alignment means, technology risk management
must understand and address the business value chains
and revenue streams, in order to properly map business
value to supporting technologies. This visibility is
vital to ensuring the tapestry of business and
technology continuance are clearly identified.
How WGA Can Help
As former executives,
WGA's core practice team members were responsible for
financial egulatory compliance requirements at
global financial institutions. We will
assess the current environment, identify
potential weaknesses, and assist you addressing
any areas of concern.
Whether you’d like independent verification of the
effectiveness of your current compliance efforts
or you need a framework developed specifically for your
organization, you can trust WGA to provide you with the
expertise you need to protect your most valuable information
assets.
To find
out more about WGA's work
in this capability area, please
contact the practice.
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Perspectives |
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Mark
Partner
WGA Texas |
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"Taking a holistic approach to managing
technology risk enables companies to better
mitigate unexpected business interruptions. "
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