Businesses Increasingly Placing Monetary Value on Information Assets

Increased collaboration with third parties and outsourcing are the two business trends that executives believe are doing most to increase risks to their organisation’s information—more  than cloud computing, big data or bring-your-own-device (BYOD), according to a new report from The Economist Intelligence Unit.

 

"Information Risk: Managing Digital Assets in a New Technology Landscape," sponsored by HP, also finds that employee carelessness and criminal theft are the most commonly cited sources of risk in a survey of 341 senior business leaders from across the globe.

 

Despite widespread coverage in the media, just 5% of respondents believe that state-backed cyber-attacks rank among the main sources of information risk.

 

To manage risk more effectively, the report finds organisations are increasingly assigning a monetary value to their information assets. Half of all respondents (51%) have assigned a monetary value to at least some of their information assets, while a further 14% are determining how to do so.

 

The report also explores how well prepared executives believe their firms to handle data breaches, effective measures to build risk awareness at different levels of the organisation, and the appropriate government role in helping organisations manage information risk.
 

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