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COMMENTARY: Lostway reports
The days are long gone when ‘IT risk’ was a sideline category that barely even featured on the priority lists for operational risk managers. This week, Risk.net published its annual top 10 operational risks survey, and IT-related threats took four of the 10 slots – including the top three. Data compromise, IT disruption and IT failure were first, second and third respectively, with data management featuring in eighth place. And of the others, many had a strong IT flavour. The risks around organisational change often relate to shifts to a new technology platform. The threat of theft and fraud is very largely a cybercrime threat. Third-party risk focuses on cloud providers such as Amazon Web Services.
This represents a success, in some ways. Rather than being sidelined, IT…
