Category: key risk indicator library

Every industry relies on technology. But when the technology doesn’t cooperate—either due to hardware or software failure, human error, or nefarious acts by hackers and criminals—businesses face a variety of risks such as lawsuits, compliance fines, and lost sales. The price of technology failure is high: 86% of businesses say that the cost for one hour of downtime is $300,000 or higher. One in three businesses report that the cost of a single hour of downtime can reach $1 million to $5 million. How Benchmarking and Key Risk Indicators Help…

A Comprehensive List and Library of Key Risk Indicators with Definitions for Information Technology and Information Security Technology risk in modern day business can be seen in news headlines on a daily basis. Data breaches from large corporations can drive stock prices down by 30-50% in one trading day. Recent big headline data breaches of customer data include; Target in 2013, Experian in 2017, and now Facebook in 2018. Implementing and closely tracking the right IT and IS key risk indicators can help reduce the risk for your company. (Be…