Competitive Compliance: Understanding the Business of Security
Unlike Y2K, which came and went, the recent spate of regulatory actions have accumulated on American companies like barnacles. Heavily regulated sectors such as energy, healthcare, and financial services have watched their bottom lines erode under this increasing burden. In what we call "audit inflation", the major audit firms have outpaced our best efforts to automate the tasks associated with governance and transparency, while posting double-digit growth in an otherwise down economy. With the average firm spending over $ 4 million per year on their compliance efforts, we feel it’s time to start looking at the audit process differently.
In this session, you'll see how to security and compliance activities can be used to generate and maintain competitive advantages in the marketplace. The cost of the annual audit process should be counted as a manageable risk, and your ability to contain it is directly related to the visibility you have across your enterprise. By looking at how you provide security services a little differently, you can create enormous value for your organization and move from being viewed as a "cost center" to a "business enabler".
- Presenting
- Brandon Dunlap, Managing Director of Research, Brightfly
- Channel
- Governance, Risk, and Compliance
- Date
-
May 14 2009
- Duration
- 00:44
- Tags
- Brandon, Dunlap, Brightfly, Audit
