Why Risk Professionals Need More IT Support

Why Risk Professionals Need More IT Support

Why Risk Professionals Need More IT SupportWhy Risk Professionals Need More IT Support

The majority of surveyed governance, risk and compliance pros said they cannot fully quantify or qualify current risk levels due to a lack of tech tools.

Exposed StateExposed State

65% of surveyed GRC professionals said their organizations cannot fully quantify or qualify their current risk levels.

IT IssuesIT Issues

Only 21% of those surveyed describe their current technology as “extremely” effective in supporting continuous risk monitoring, and two out of five consider their current tech as being “not particularly” effective.

Half of the PictureHalf of the Picture

Survey respondents said they only capture and use just 46% of GRC data that they have access to.

Underused IoTUnderused IoT

56% of these pros said they capture and use no more than half of any available Internet of things data to support GRC.

Fleeting FilesFleeting Files

61% said they capture and use no more than half of available email, spreadsheets and document data to support GRC.

Highly Sought SolutionHighly Sought Solution

54% said tech tools which would allow for continuous monitoring of internal and external data would drive increased effectiveness, while 43% said it would capture more areas of risk.

Opposite EndsOpposite Ends

45% describe their organizations’ approach to GRC as “fragmented and largely reactive” with separate teams dealing with these issues, and only 11% say GRC is embedded at all organizational levels with common metrics throughout all processes and projects.

Reality CheckReality Check

54% said they’d like to devote most of their time to providing strategic input to business to drive decision-making, but only 41% actually do this. Nearly three out of five spend most of their time on administrative/transactional tasks instead.

Under Pressure, Part IUnder Pressure, Part I

49% are concerned about increasing risk/regulatory complexities, and 47% admit that they’re challenged by an increased appetite from business for visibility/insight into effectiveness of controls/compliance.

Under Pressure, Part IIUnder Pressure, Part II

44% are challenged by the need to reduce GRC costs, and 43% are concerned about a business focus on the consistency and quality of GRC information.

CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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