In today’s world, data is collected at mind-boggling rates. People of all ages and backgrounds are almost constantly interacting with technology, allowing access to their names, ages, locations, content preferences and more.
Like many business leaders, you may be wondering if you’re getting the most out of your technology investments and if there are things you can do to gain efficiency. Many organizations have taken steps toward optimization to reap the rewards of: In fact, 35% of organizations have made significant or very significant progress toward optimizing risk management and cybersecurity, according to a global survey of 900 senior business leaders by ServiceNow and ThoughtLab.
The song “I’ve Been Everywhere” was written by an Australian country singer, Geoff Mack, back in 1959, where he sang about all the towns he visited across Australia. It became famous in the US in 1962 by the country singer Hank Snow where the song hit number one. He of course did make some changes as the names of the towns were now all based in the US. And since then, many versions have been created. You will by now be wondering what has this to do with an Ivanti blog?
As a result of the COVID-19 pandemic, organizations have realized the importance of proactively managing risk and security to build resilience and to emerge from a crisis stronger. These best practices and tools can help you shift your risk management program into high gear.
It’s a fact of life, enterprises are facing a growing onslaught of risk every day. Risk is everywhere, from the most visible ransomware attacks to the more subtle changing and growing technology landscape that introduces new challenges. According to a recent article, ransomware attacks have already increased by over 93% since the beginning of 2021.
When it comes to risk management in banks, cloud-based computing offers significant advantages. On the other hand, risk managers will have a tough time making the switch from on-premises to the cloud.
Security is a constant concern for businesses large and small, public and private. Data breaches and software supply chain attacks are occurring more and more frequently. A growing gap in the cybersecurity workforce is hampering security efforts in every type of organization. And with the average cost of a data breach currently at $4.24 million, leaders have significant motivation to look for new and innovative ways to mitigate cybersecurity risk in their organizations.
ServiceNow is proud to be named a Leader, for the second consecutive year, in the Gartner 2021 Magic Quadrant for IT Risk Management (ITRM).1 We’re especially pleased that our ability to execute has been recognized with the highest rating of all vendors evaluated. Gartner also named ServiceNow a Leader in the August 2021 IT Vendor Risk Management Tools.
Throughout my career within the compliance and security space, I’ve seen the practice of proactively managing digital risk move from a nice-to-have to a must-have for enterprise organizations. And over the last 5 years, things have shifted drastically. Personally, it reminds me of the classic “Dry Bones” nursery rhyme song that my son loves so much which points out how all the different bones are connected to make one body.
