White paper: Open source governance in highly regulated companies
Open source software can empower developers, increase innovation and improve competitiveness, and its popularity is growing tremendously. Open source now represents an average of 29% of the code deployed by IT and technology innovators are using 60%–80% of open source code, which can yield cost savings and free-up development resources to improve competitive differentiation. And, as open source becomes more common, the need for governance increases dramatically. Without proper controls and processes to ensure compliance and reduce exposure, organisations will be at risk from technical and operational, regulatory, security, legal and brand factors. It is more important than ever to ensure developers use approved and supported code
Source: Risk magazine | 15 Mar 2012
Categories: Regulation, Risk systems
Topics: Governance, Operational risk, Security, Sarbanes-Oxley Act (SOX), Basel II, Basel III, Data privacy, Software
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