As of recently and due to the advancement in technology, IT risk management (ITRM) has become a top-priority as part of companies’ integrated risk management strategies.

The role of Information Technology has evolved to make even greater contributions to the success of the enterprise than just a back-office component. As the nature of any business requires, it is critical to maintain effective internal control IT measures and perform continuous monitoring.

Furthermore, organizations need to better understand the threats of cyber attacks and accordingly adjust their security strategies and controls.

Due to two recently introduced important IT trends – virtualization and cloud computing – IT executives are now forced to revisit the way they store, use and manage information. Finally and due to the global financial crisis, companies have been prompted to consider restructuring the business for greater efficiency and the IT function will normally be targeted as the top priority.