The Gartner 2017 IT Risk Management Magic Quadrant is now available. The report (published June 29, 2017 by analysts Khushbu Pratap, Jeffrey Wheatman, and Matthew T. Stamper) is used by information security, risk management and compliance leaders around the world to help them understand their choices when it comes to managing risk and compliance. Rsam is named a Leader in this report.
In today’s data-driven global economy, the need to automate and streamline integrated risk management is more important than ever before. Just one look at the weekly headlines shows how dramatic a challenge it can be. Over the past several weeks, some of the biggest companies in the world have been hit by ransomware attacks, like WannaCry and Petya. Without the proper controls in place, its impossible to understand the magnitude of risk.
On thing is certain about today’s risk concerns – no industry is immune. The Petya ransomware attack impacted pharmaceutical company Merck & Co, international law firm DLA Piper, ad agency WPP and shipping company Maersk.
Cyber attacks impact nearly every aspect of business operations. Enterprises have to connect their sometimes manual, siloed processes to avoid risk exposure. Stakeholders should agree on processes, workflow and priorities.