MetricStream Research Survey shows 44% of large-sized enterprises cited IoT, and 35% cited the cloud as having the most potential to disrupt IT risk management
Internet of Things (IoT) technologies have the biggest potential to disrupt IT risk management programs, followed by the cloud, Bring Your Own Device (BYOD), fintech, and blockchain, according to survey from MetricStream. The survey suggests that these rapidly evolving technologies enable businesses to create significant value, but they also bring new security and privacy risks that are still not fully understood.
MetricStream recently revealed the findings of its latest survey, Moving Up the IT Risk Management Maturity Curve: An In-Depth Look at How Enterprises Are Managing and Mitigating Their IT Risks.
The survey covered 139 respondents from 120+ enterprises and 20 industries across more than six geographic regions to examine the maturity of IT risk management programs, methods used to assess IT risks, impact of IT regulations, and the role of technology in managing IT risks.
“Guarding against the next Equifax-style cyber-attack will require enterprises to have holistic, agile IT risk management programs,” said French Caldwell, Chief Evangelist, MetricStream. “An IT GRC software solution can really add value by automating workflows, and providing timely risk intelligence to guide decisions. However, it’s just one piece of the pie. Policies, training programs, and information governance frameworks are all equally important. Together, they lay the foundation for a resilient and secure enterprise.”
The top 5 IT threats and risks for businesses in the last two years are malware infections, security breaches, compliance violations and regulatory actions, account phishing, and spoofs of company executives, the survey shows.