Firms struggling to keep pace with increasing IT security risks

According to a new global survey, many firms are struggling to keep pace with global IT risks amid quickly changing technology. The fourth annual IT Audit Benchmarking Survey was produced by global consulting firm Protiviti and global IT association ISACA. The survey examines how organizations are assessing and mitigating critical business and technology risks, polling more than 1,300 IT audit executives and professionals worldwide. “Concerns over cybersecurity, industry disruptors and…

Cloud computing, privacy among top technology challenges for IT audit managers

Cybersecurity and privacy was rated as the “top technology challenge” by respondents to a recent survey, while risks from cloud computing and information technology outsourcing made the top 10, yet most respondents do not update their IT audit risk assessments more frequently than once a year, Protiviti Inc. suggested in a recent report. Menlo Park, Calif.-based Protiviti released Wednesday the results of the fourth annual IT Audit Benchmarking Survey, which…

IBM bags Industrial Commercial Bank of China’s mainframe deal

BEIJING: Industrial and Commercial Bank of China (ICBC) has deployed a new IBM mainframe computer system, the two companies said on Tuesday, boosting the US technology giant’s credentials in the country. IBM’s joint announcement with ICBC the world’s largest bank by market capitalization shows IBM is still doing business with China’s state-owned banks despite widely circulated media reports in May that suggested China’s central government had ordered banks to remove…

Amazon’s cloud service have opened up new market

Amazon Web Services’ GovCloud (U.S.) received provisional authorization to handle data under levels 3 to 5 from the U.S. Department of Defense (DoD) on Thursday. AWS is the first cloud service to win approval at the 3 to 5 levels. AWS had the authority to cover levels 1-2 data for all U.S. regions since March. But today’s approval gives AWS authority to handle much more highly sensitive data from DoD…

Why are Indian companies not venturing into next level of tech such as cloud storage, cyber security?

 In a country with the requisite expertise, it’s surprising that few have ventured into the next level of technology such as cloud storage, cyber security and software-defined networking. But a few startups have bucked the trend and are profiting from it. Take for instance Lucidous Tech, founded by 23-year-old Saket Modi. The two-year-old company is one of the few Indian players in the cyber security space and works with companies…

Microsoft may become first MNC to set up cloud data centre in India

BANGALORE: Microsoft said it is considering setting up its first data centre in India – the fastest growing cloud markfor the software giant. The company will become the first multinational to set up a data centre in the country if the plans fructify. “We are considering a data centre in India. There are a lot of different companies that are looking at cloud right now, in anticipation that Microsoft will…

How does greater cloud-readiness translate into higher ROI?

Pop Quiz: If your company has conquered North America and Western Europe and is now looking for the next big market, where should you go? The no-thinking, because it’s obvious, answer is of course China. But if you want low cost of entry and a rapid return on investment you might want to aim a bit further South – to Australia. While it isn’t as big a market as China…

How different cloud services are competing, pushing up usage

Consumers are already using the cloud widely, even if a lot of them don’t know it. Approximately 90% of global internet users are already on the cloud in some manner, and that number will remain steady as internet usage spreads globally. But mobile has led to explosive growth in cloud usage. Mobile consumers leverage the cloud to store and consume media, and sync their apps, files, and data across devices.…