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Information technology risk consulting
Reducing your IT risk while capitalizing on emerging technology
In today’s interconnected global hypercompetitive business environment, the use of technology is expanding and the pace of the introduction of ever more complex technology is increasing. Information technology (IT) risks are also changing more rapidly. Middle market organizations that fail to manage IT risks effectively may be unable to compete successfully in the future.
For example, many middle market companies are outsourcing much of their technology to rapidly innovate, be more efficient and simplify operations, saving both time and money. Migration to the cloud allows many organizations to seek these improvements while solving many types of IT risks. However, cloud computing also introduces other concerns, including auditing the cloud, vendors and interfaces, and managing multiple provider relationships.
Emerging technology investments from mobility to big data change processes and introduce new IT risks, and many companies struggle to take new technologies safely into account. Companies with significant compliance requirements traditionally seek value through streamlining IT risk management processes rather than by relying on once-a-year audits. In today’s environment, many middle market leaders face similar challenges and have the opportunity to derive value by better managing IT risks while simultaneously introducing and taking advantage of emerging technologies.
Understanding your IT risks. Developing effective solutions.
RSM’s experienced technology risk consultants understand how your environment is changing and how your organization can better manage IT risks. We provide your organization with cost-effective processes to assess your environment and help you better implement more effective and efficient IT controls that consider your changing IT risks. Most importantly, our team is well-versed with the business and technology challenges specific to the middle market—the applications and solutions deployed by complex organizations like yours.
We also have extensive knowledge of emerging IT risks within specific industries, from automation within industrial or consumer products manufacturing organizations to the operational software systems within complex financial services organizations. Our teams work with you to understand your business and IT strategies, your business objectives, your plans, where risks are prevalent and how to address them.
Where do your risks reside?
As you implement new technology, not only are you making financial investments, but you are also changing operational processes. These changes can have a major impact on the business and change your organization’s technology control requirements. Outcomes may differ from your initial plans, creating unexpected risks. Many middle market organizations need help with one or more of these key IT risk challenges:
Comprehensive services and advice
RSM’s IT risk professionals can help your organization address any or all of these challenges, utilizing an approach to risk that includes three essential action steps:
IT risk assessment: We recognize the important role that an assessment plays in the development of a strong IT risk management program. Our team understands how your people, process and technology can present risks and leverage that knowledge to create a complete picture of risks within your organization:
- People: How big is your staff, what is the overall technical capability and how is IT organized?
- Process: How formalized are your IT procedures and processes, and are they working?
- Technology: What are your applications and infrastructure components, and how do they support your business processes?
IT risk program development: Once we understand your distinct risks, our team will work to plan and develop a framework for testing controls, processes and other risk mitigation or compliance programs. Using risk grading, we focus on protecting data and controls for your most exposed areas with the highest priority.
IT controls monitoring and testing: After we identify your highest-risk application, we test the appropriate controls. By design, your testing will focus on your most urgent security needs and then progress to less critical risks.
Managing IT risk is not a one-time initiative. Instead, it is an extremely dynamic process, with risks that change as technology evolves. RSM’s highly qualified and certified IT risk professionals understand the middle market and your industry demands, and can help turn IT risk from an unknown into a core capability of your organization.
Ready to get started? Contact us today.
Call us at +1 800 274 3978 to schedule a no-obligation call to discuss how our IT risk advisors can help you enhance your security environment and get the most from your technology investments.
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