IT risk becomes board-level issue

Thursday, 20 September 2007, 4:37 PM EST

IT systems have become so integral to businesses that their failure can have disastrous consequences for an organisation, according to analysts Gartner.

The run on UK bank Northern Rock, resulting from saver fears after the firm went to the Bank of England for finance after loans on the money markets became unobtainable, is an example of business risk. Historically, banks faced the majority of their business risks for money market issues and the like. But as IT becomes more important, between five and 10 of the total of 50 to 60 "show stopper" risks faced by a business involve information technology systems, according to Gartner group vice-president Richard Hunter.

At The Register.

[ Read more ]




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