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ISACA Launches Risk IT to Help Organizations Balance Risk With Profit Free Download From ISACA.org
December 2009 by Marc Jacob
ISACA announced the release of Risk IT: Based on COBIT®, the first global IT-related risk framework to provide a comprehensive view of the business risks associated with IT initiatives. Risk IT builds on ISACA’s globally recognized COBIT framework for IT governance to provide a missing link between conventional enterprise risk management and IT risk management and control.
Enterprises achieve return by taking risks, but sometimes they try to eliminate the very risks that drive profit. Available as a free download at www.isaca.org/riskit, Risk IT is designed to help enterprises increase their return on opportunities by managing risks more effectively, rather than trying to eliminate them completely.
ISACA, a nonprofit association of 86,000 information technology (IT) professionals, developed Risk IT in response to member and industry demand. The framework and its supporting documentation are the result of thousands of hours of work from a team of IT and business experts and 60 expert reviewers spanning North America, Europe, the Middle East, Africa and Asia Pacific.
Risk IT provides a single, comprehensive view of IT-related business risks, which can cost companies millions annually in lost revenues and opportunities.
Risk IT complements and extends COBIT and Val IT, but also is highly effective as standalone guidance. A key aspect is that all enterprises using IT, whether one-person shops or multinational conglomerates, can benefit from Risk IT. It can also be customized for any type of enterprise in any geographic location.
