With King II already here and Basel II looming, enterprise is being forced to take information risk management a little more seriously.

The second King report on corporate governance (King II) and the second Basel capital accord for banks (Basel II) both address operational risk management, and information risk has high prominence under the operational risk umbrella. For financial houses and listed enterprises, information risk management is much more than a "nice-to-have" - it`s a necessity dictated by the industry.