Compliance alone will not Secure the Bank

Banks scurry to meet compliance requirements; many have a team of professionals whose job is to meet compliance requirements and also convince the auditors that the Bank is Compliant.
A lot of energy is expedited in ensuring SOX, ISO 27 K +++, Basel compliance, the regulators long compliance which banks need to comply with.
Let us focus on Security, many banks have an annual audit and some of them may have a bi- annual audit,
Audits cost time and money and the financial risk management is more demanding then information security; technology is secure, we have a firewall and anti virus and anyways it is not a Board Item in many banks.

Banks need to be able to Crow about their Security 

In the old days information security in banks was bracketed under operational risk, but as banks rely more on technology, information risk management has come out of its own and the banks appoint a CSO, CISO,  GRC Team etc. Many Banks follow a prudent policy of separating IT Risk Management from the IT department and keeping it under the Risk Management Department which is a good practice.
But few banks consider investing on tools and resources that can perform continuous information audit on their information systems. In a fast changing world where banks are held to ransom by organized crime it is time that banks realized that compliance alone will not secure the Bank.
It is time for  banks to invest in SIEM tools, continuous audit and control tools and a team to manage the presence of the bank in a hostile cyber world.
Banks who make the investment in securing themselves in a digital world will survive into the next decade, while others may perish.

Cloud Computing could be Superman for Business in an Economically Distressed World

There are strikes in Brazil, the Indian Rupee is shedding value faster than my weight gain, the world globally is grappling on how to keep recession at bay.
The business climate is tough and Cloud Computing could be Superman for Business.
When business want to cut costs they need tools to identify what they are doing, they need tighter monitoring and controls, they can find solutions for this in the various SAAS solutions available in the cloud. They just pay for what they use and get their business ship shape.
Energy prices and managing data centers is expensive, cloud could offer a better and more cost effective solution.

Reach for the Clouds when the Going it Tough

Marketing budgets are tight, but without marketing how do you reach your customer, use the cloud computing social media tools to reach your customers.
Sales people costs are high and customer support  is essential for survival use cloud hosted  sales and customer management tools.
Logistics, distribution and tracking are good areas to tighten in times of recession, solutions combining cloud and mobility are at your service.
Controlling projects and close monitoring are essential use project management solutions in the cloud.
Agility and team work  are essential  in these difficult times, use cloud computing solutions for real time communication and collaboration.
Want to bust the recession, turn to Cloud Computing it may be the Superman which can save your business.
Want to know more and willing to make the trip to Bangalore attend my workshop on cloud computing for business leaders on June 27th , 2013 at Bangalore, your ROI is assured, http://lssubramanian.com/program.