Today, every company is an IT company. But not every company is equipped for IT risk management in today’s business environment. IT risks introduced by working from home , cybercrime, exposure to third-party failures, and other IT-related issues continue to evolve and threaten a company’s future growth and reputation.
Without a systematic approach to IT risk management, it’s all but impossible to monitor for risk – including those arising from new/updated regulations, system failures, third-party compliance, data privacy – on an ongoing basis. Threats are unique to each department, and information about them may be spread across emails, spreadsheets, and office locations. IT risk managers need a way to turn this kind of operational information into organizational strategy.
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