GRC initiatives impact IT integration strategies

RISK COMPLIANCE AND GOUERNANCE CHALLENGE I.T. INTEGRATION STRATEGIES 450 senior I.T. managers reveal to Ovum impacts of risk and compliance initiatives on integration strategies Growing pressure on I.T. coming from GRC officers Chief Information Officer, Chief Information Security Officer, Chief Risk Officers IT RESEARCH BY Failed a security audit in the last 3 years OVUM Average costs per breach record $350 23% Average global cost of a data breach No confidence in passing a compliance audit with the existing M$ 3 17% transfer solutions What is important for GRC officers? Data loss prevention Business continuity 80% 82% OPEN 84% 86% Protecting against cyberthreats Compliance monitoring Leading to investment in integration Oum ICT Enterprise Insights survey results (2013) Interest in major infra transformation 23% 15% Consider a new integration solution 38% Plan to invest in modernization projects Need to improve SYNERGY with GRC Data security, Privacy and governance are integral elements of integration There is a little synergy between integration strategy and data security, privacy and governance frameworks and policies strategy 58% 73% Drivers for Integration strategy More stringent compliance requirements C 74% 75% On-premise and cloud based applications/systems SA 80% Need for a 360° view customer engagement and relationship 79% Need to reduce the costs of integration Current state of integration File Transfer is key, API is growing However FTP is used by 90% of respondents On average 4% of FTP-based file transfers fail On average about 32% of the business-critical processes involve file transfers 100 AZA 78 67.28% B2B 40% In the next 2 to 3 years 67.28% are having a level of integration between existing application and B2B integration 38 % already have a plan in place API is infrastructure growing Governing the flow of data is critical Guarantee SLAS through Reduce the cost to provision and operate end-to-end real-time visibility and auditability Manage compliance and enforce policies and security rules Improve time to market 000 API B2B MFT Online webinar and full report available on October 15 More information on http://www.axway.com axway business. in motion." Source: Ovum, "The Imperative for Effective Data Flow Governance in Response to Security, Risk Mitigation and Compliance Requirements," an Axway-sponsored white paper by Saurabh Sharma, Senior Analyst, October 2014 OVUM %24