IT Leaders Know They Need To Manage IT Risk - But Need Help In Execution
cIO, Monday, August 7,2023
Whether it's a natural disaster, a hardware failure, or a cyberattack, IT leaders face myriad challenges when it comes to managing and mitigating IT risks.
Organizations big and small, across every industry, need to manage IT risk. According to PurpleSec, cybercrimes worldwide will cost $10.5 trillion annually by 2025. The financial implications of a cyber breach are clear, but when a breach occurs, organizations also face a damaged reputation, customer loss, and distrust among their stakeholders.
Rocket Software recently surveyed 275 U.S.-based IT directors and vice presidents in companies with more than 1,000 employees to determine what keeps them up at night-and it comes as no surprise that one of their biggest nightmares is managing IT risk.