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IT Risk Management ‘Underpinning the Entire Business’



Many companies are now so dependent on technology that they would struggle to function properly without it. IT has grown to touch every department in a business, which makes IT risk management of critical importance.

Here are five elements the IT risk management department control successfully.

Maintaining the online services and infrastructure

This involves introducing new services, systems and updating existing technology.

Keeping legacy codes, software licenses and operating systems up to date

These undertakings need to be planned, and all requirements mapped out. This communication stops changes to one system having an unexpected knock on effect on another, which could increase down time and decrease productivity.

Cyber Security

Threats to cyber security can be internal or external. The IT department need to control data loss, protect the perimeter, control vulnerability and patches, while managing and eliminating malware. A vital part of security is teaching the IT users and imposing company security policies.


There is the potential risk of threats coming from customer and staff devices that connect to the company network with or without permission. The managing of BYOD/CYOD can cause productivity gains and improved security.

Physical threats for business continuity and IT equipment

Physical dangers can come in the form of a fire, flood, pandemic, power outage, or any event that causes the organisation to close or re-locate. Most businesses have a plan for these types of events and a formal IT risk management department will make sure that all strategies remain visible. A quality IT risk management department not only helps companies reduce and avoid threats but also helps to identify opportunities for the business to grow or be more efficient.

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