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Technology Risk Radar: Second Edition - Corporates

Technology Risk Radar: Second Edition - Corporates

Technology failures, data losses and other incidents are increasingly in the news. How does one filter through the noise?

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Nathan Cain

Partner, Corporates and Head of UK Technology Risk

KPMG in the UK

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Technology Risk Radar: Second Edition - Corporates

Technology failures, data losses and other incidents are increasingly in the news.

In this third edition of the Technology Risk Radar, KPMG helps you filter through the noise. Our report presents the findings from an analysis of more than 10,000 news articles related to IT incidents from around the world.

This year’s report includes a forward-looking perspective on some of the top risks faced by different industries – as well as practical tips on what can be done to help address some of these risks.

Highlights from the report include:

  • The price tag of an IT incident – system outages and quality issues can be just as costly as data breaches
  • ‘Avoidable’ causes led to more than half of incidents
  • Cyber security-related incidents accounted for less than half of the total number of incidents
  • Analysis of the 10 risks facing the Consumer Goods & Retail, Telecommunications & Technology, Education, Central Government, Transport, Oil & Gas, Healthcare and Pharmaceuticals industries
  • How to respond to the evolving technology risk landscape

© 2020 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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