Organisations are being exposed to more IT related risks which are increasing rapidly due to evolving trends in technology. Companies need to make sure both ‘information’ and ‘technology’ risks are managed.
Emerging technology, fast paced changing IT landscapes and cyber risk have increased the focus on IT risk management. IT risks such as security, outsourcing and disaster recovery are now at the forefront of audit committees and executive boards.
C-suite executives are demanding that their information technology departments provide better insight on IT processes and controls, as well as greater anticipation and management of risks.
69% of CIOs have or expect to implement intelligent automation within IT and 60% within customer support.
Although specific challenges vary across industries and organisations, KPMG has — in its research and engagements — most often found that Information and Technology poses specific risks to an entity’s strategy, operations and internal control, in areas such as:
33% of organisations were victims of a major cyber attack in the last two years.
Today more than ever, technology is a critical enabler of the business. We help companies recognise and responsibly manage the complete universe of risks associated with their technology environment, so they can realise the rewards of the digital age.
For further information on IT related risk, contact Michael Daughton, Head of Risk & Regulatory, via this form.