When the moderator of a panel discussion at the recent RSA conference asked the audience how many thought their risk management programs were successful, only a handful raised their hands. So Network World Editor in Chief John Dix asked two of the experts on that panel to hash out in an email exchange why these programs don't tend to work.
Alexander Hutton is director of operations risk and governance at a financial services firm (that he can't name) in the Greater Salt Lake City area, and Jack Jones is principal and Co-Founder of CXOWARE, Inc., a SaaS company that specializes in risk analysis and risk management.
Jones: "Risk management programs don't work because our profession doesn't, in large part, understand risk. And without understanding the problem we're trying to manage, we're pretty much guaranteed to fail."