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Risk Management

Directors struggle to sell security investment

Posted:
15:04 23 May 2002
Most companies are risking their futures because they remain exposed to cybercrime attacks, according to AMR vice-president Simon Pollard.

"We believe that most [businesses] are exposed, aside from some of the big banks," he told a seminar at the IT Directors' Forum.

But IT directors in the audience said convincing the board or finance director of the need to invest in appropriate security technologies and procedures was an up-hill struggle.

"The cost is always high, but then what is the service to the business?" one asked.

The job of selling investment in security to finance directors was made more difficult by Y2K projects. They could be perceived as a waste of money because few businesses suffered serious Y2K breakdowns, another IT leader said.
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"IT lost a lot of credibility in terms of disaster recovery," he said.

And when IT professionals seek help from other business units, it is not always forthcoming, another director added.

"We have a corporate risk management department, but it is really there to manage insurance contracts - they don't want to come near IT."
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