New Solution to Help Manage Risk Exposure
WASHINGTON, June 5 /PRNewswire/ -- GARTNER IT Security Summit -- BT
today announced the launch of the BT Risk Cockpit from the Gartner IT
Security Summit 2006. BT's Risk Cockpit is an innovative automated solution
that provides companies with an easy-to-use, real-time view of risk
exposure within their business.
The BT Risk Cockpit shows C-level executives key levels of exposure and
control, allowing continuous visualization, monitoring and management of
networked IT and infrastructure risk. It provides a single 'pane of glass'
view through which the organization can share visibility of risks affecting
the company such as security vulnerabilities, network resilience and
availability. Crucially, it also enables users to see how the effectiveness
and performance of risk exposure controls are impacting their company. The
Risk Cockpit brings together technology risks with regulatory compliance
and governance issues to provide an incisive view of past, present and
future risk exposure. As an enterprise tool, it can mobilize the workforce
and ensure the whole organization is involved in managing risk.
BT Risk Cockpit users can drill down into more detail to identify risk
and control owners, create action plans, and investigate audit reports.
They can enter details of all risk factors, including relevant regulations
and the cockpit will tell them accurately at any time whether and how those
risks are being addressed.
Poor risk management can result in a lack of early warning triggers for
problems brewing across mission critical networked IT infrastructure,
resulting in slow or late responses to disruption and downtime. A lack of
accountability and ownership of risk can result in exposure to stakeholder
pressure for failure to implement effective internal control systems.
Ray Stanton, global head of BT's business continuity, security and
governance practice said: "The Risk Cockpit from BT moves risk management
on from the simple dashboard. It's about measuring risk appetite and
understanding the response to it as well as considering when and where it
is appropriate to take risks. Any effective management tool must therefore
be able to take input and direction from the user. The BT Risk Cockpit
provides the means for managers to overlay their expertise on to reports
and graphical information coming in from the operational environment. In
today's highly regulated environment, with companies under ever increasing
scrutiny, any company without a system in place to provide a consolidated
view of operational risks and their mitigation through effective controls
is kidding itself that they are managing risk effectively. The Risk Cockpit
from BT will bring risk management back into the core of the business and
the boardroom where it belongs."
About the BT Risk Cockpit
The BT Risk Cockpit is built on a highly scalable, open architecture,
which enables it to integrate with existing systems that monitor risk and
incorporate their data. It also enables different views to be created to
suit the needs of different users from the CEO to compliance officers and
can be accessed via web browsers, Microsoft Outlook and even mobile devices
such as BlackBerrys. The Risk Cockpit generates savings by reducing the
probability, impact and cost of operational risks, reducing the overhead of
reporting and audit and adds value by demonstrating the robustness of an
organization's controls and processes to shareholders and investors. The
technology is implemented after comprehensive consultancy process that
helps the organization identify and examine its key operational and
business risks, assesses their potential affect on the business and
provides recommendations on their management, based on the organization's
attitude to risk. Available in the UK, France, Germany, Benelux and the US,
roll-out plans include availability in AsiaPac and the rest of Europe by
the end of 2006.
About BT
BT is one of the world's leading providers of communications solutions
and services operating in 170 countries. Its principal activities include
networked IT services, local, national and international telecommunications
services, and higher-value broadband and internet products and services. BT
consists principally of four lines of business: BT Global Services,
Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2006, BT Group's revenue was 19,514 million
pounds Sterling with profit before taxation of 2,040 million pounds.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT
Group and encompasses virtually all businesses and assets of the BT Group.
BT Group plc is listed on stock exchanges in London and New York.
For more information, visit http://www.bt.com/aboutbt
About the Gartner IT Security Summit
The Gartner IT Security Summit hits the critical spot between strategic
planning and tactical advice. Gartner analysts, industry experts and IT
security practitioners deliver unbiased, realistic analysis on the current
state of IT security, as well as an independent overview of the market over
the next 12-18 months. Covering the depth and breadth of topics comprising
IT security today, the Gartner IT Security Summit has a single objective:
to bring to light the repeatable, manageable security processes needed to
address today's and tomorrow's threats. Additional information is available
at http://www.gartner.com/us/itsecurity.
SOURCE BT
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Related links:
http://www.bt.com/aboutbt
http://www.gartner.com/us/itsecurity
CONTACT:
June Rochford, +1-908-672-0190,
june.rochford@comcast.net; or Diane Noe, +1-703-622-3143,
Diane.noe@bt.com, both for BT
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