May 2, 2011 - Bank IT execs don't have to be control freaks to worry about the rapidly multiplying risks that result from the use of mobile devices outside the firewall by both executives and consumers.

"The mobile channel certainly presents a challenge to GRC [governance, risk and compliance] because one of the core elements of GRC is continuous monitoring. These new mobile platforms have various levels of support for monitoring, and some of them have very little capability to monitor," says Chenxi Wang, vp and principal analyst for Forrester Research.

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