Gone are the days when tax advice was a secret science limited to preparing written submissions and obtaining rulings. Modern tax advisory services increasingly draw on IT, with the use of software solutions gradually becoming the norm. Tax goes IT, so to speak.
The revision of the FINMA Operational Risk Circular 2008/21 will bindingly and explicitly include Cyber Risk in the IT operational risks for banks. Beyond the regulatory requirements for banks, which position shall be adopted when facing Cyber Risks?
SAP licensees need to know what licenses they own, and what they are using them for. As well as being fundamental to the effective control of the technical environment, this information allows licensees to drive better value from software investments and avoid the wasted costs of ‘shelf-ware’.