Perception of IT risk
Perception of IT risk Overall, most respondents said their organization’s leaders recognize that IT risks affect revenues (75%) and brand image (71%). Those respondents with formal strategies, applied consistently, were far more likely to agree that their leaders recognized that IT risks affected revenues (90% compared to 56% of those with ad hoc strategies or no strategy) and brand image (95% compared to 50% of those with ad hoc or no strategies) (See Charts 7 and 8).
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I was at a board committee meeting where cyber risk got elevated to be its own risk. That was a new one for us. It used to be within our IT risk. It got promoted. So there is a very high awareness. One of the challenges for us is, because we’re a small environment, my IT staff is too. And so it’s really keeping that expertise in-house and using outside consultants for the expertise where appropriate.
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Linda Pendrill – CFO, Canadian Investor Protection Fund
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