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IT Risk

IT RISK HAS BECOME ONE OF THE MOST SIGNIFICANT CORPORATE THREATS, ACCORDING TO A SURVEY OF 218 SENIOR RISK MANAGERS BY THE ECONOMIST INTELLIGENCE UNIT.

L&A provides the services that can help you to mitigate those risks.

According to the same survey, almost 60 percent of companies incurred significant financial damage as a result of systems failure in the past 12 months, while one-third suffered financial damage as a result of cyber-crime such as hacking and phishing over the same period. Just under half of executives surveyed now see IT risk as a high or very high risk to their business.

Information technology has already had a huge impact on firms and its role is set to increase rather than diminish in the years ahead. Organizations that are serious about understanding how IT failure can impact their business will need to determine precisely how the IT and risk functions work together in managing the issue. Chief Risk Officers that don’t have IT on their risk portfolio already will increasingly have to take it into account in the future.

As a failure to have the right information at the right time and at the right place can be disastrous, L&A can help you to apply risk management to a range of IT planning issues, such as technology evaluations, business-continuity, and system/network security.