The reputational risk and IT connection
When the corporate world first started paying attention to the concept of reputational risk in 2005, organizations mainly focused on business issues such as compliance and financial misdoings. Today, as evidenced by the results from the IBM Global Reputational Risk and IT Study, the focus has shifted to include the reputational impact of IT risks. Virtually every company is now reliant on technology for its critical business processes and interactions. While it may take only 10 minutes or 10 hours to recover from an IT failure, the reputational impact can be felt for months or even years.
In this video, Jack Danahy talks about the survey that looks at how reputational risk and IT risk are interconnected and how managing reputational risk is crucial to an organization's business, and how managing IT risk is a major part of their efforts.
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