Risk Management - Applied Wisdom Nugget #1
Posted by Chris Sullivan - VP Customer Solutions on Tue, Oct 20, 2009
Welcome to Applied Wisdom, a series of vignettes that seeks to glean practical a insight for managing risk and compliance from some of history's greatest minds.
Warren Buffett, the world's richest man and undisputed king of practical risk management once said "Risk comes from not knowing what you're doing."
How simple is that? You can have all of the risk management frameworks that the big four can sell you but if you don't know who has access to what, you can't assure access, can't manage risk and you can't assert compliance to virtually any regulations. Hell, you don't even know what access to remove when someone leaves your company.
Take a tip from Buffett (Warren not Jimmy) and deploy an IdentityMaptm. It's a very simple process to discover identities from across the enterprise and bind them to unique identifiers for employees or partners or privileged accounts. From there you will be able to identify rouge accounts when they appear, disable all access on termination, synchronize passwords for users, manage accurate access verifications and accelerate forensics with speed and efficiency.
Did you know?
Warren Edward Buffet still lives in the five-bedroom stucco house that he bought for $31,500 in 1957.
The "big four" are:
- 1) PricewaterhouseCoopers at $26.2bn and 163,000 employees worldwide.
- 2) Ernst & Young at $21.4bn and 144,441
- 3) Deloitte Touche Tohmatsu at $27.4bn and 165,000
- 4) KPMG $22.7bn and 135,000
Care to share any of your "Applied Wisdom"?