Risk management is dead as a business discipline. It simply has no further economic justification in the portfolio of objectives that govern how which a company allocates its resources. There, I said it. The Emperor has no clothes.
Even as the world’s economic leaders gather again in Davos for their annual forum, the global architecture through which businesses approach the inadequacies of effective IT design and governance has not evolved. Marc Benioff, the CEO of Salesforce.com, declared last year, “The digital revolution needs a trust revolution.”
Good words. Fighting words. But, as so often in human history, most calls for revolution go unanswered.
Companies still evaluate their investments in information security as a gamble, with executives grumbling in the late … Read More