Beyond Commitment

Beyond Commitment

The growing need for practical action to manage information risk in the enterprise market

The top trends are universal:

  • From the largest and most established enterprise to the youngest mid-market company, organisations find themselves unable to bridge the gap between having a well-intentioned plan or policy in place and making sure it actually works.
  • Responsibility for information risk is invariably and almost entirely placed on the shoulders of IT, at a time when information is created and used by all functions across the business, and the potential impact of a data breach – reputational, legal, financial, and commercial – demands the attention of senior leadership and greater involvement of business units beyond IT.
  • Despite the fact that organisations everywhere understand that information has value, the majority are far more likely to lock it away to avoid a data breach or legal action than they are to use it to drive competitive advantage, innovation and growth.
  • Last, but not least, as businesses focus on digital initiatives, they are finding it hard to manage the risks associated with their paper records. These risks are listed as the top concern by around two thirds of respondents, twice as high as the second placed risk of external threats.