Security IT governance is the formal framework that an organization implements to ensure all IT investments are supporting business goals. The push for this framework was kickstarted in the 1990’s and early 2000’s due to the enactment of laws including the Gramm-Leach-Bliley Act (GLBA) and the Sarbanes-Oxley Act.
By implementing an IT governance framework, organizations can track results and tie investments back to meaningful goals. This allows stakeholders, managers, and staff to have a voice in the processes they follow. IT governance is integral for both small and enterprise organizations.
Private and public organizations need to have a set of IT governance rules to ensure all technology investments and functions support your business goals. More specifically, organizations that work within the financial and healthcare industries will need to comply with a set of strict regulations.
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93% of businesses file for bankruptcy after losing data for 10 or more days.
More than 90% of businesses are either evaluating, adopting or embracing the cloud.
Billions of devices will be connected to the Internet of Things by 2025, exponentially increasing demand for MSPs to back up growing companies.
$500 billion will be spent in the greater cloud market by 2020.
70% of SMBs reported suffering a security breach during the previous 12 months – and companies with fewer than 500 employees were the most vulnerable, with a 75% breach rate.
71% of SMBs are outsourcing their IT needs to a managed service provider.
The average price of a data breach now stands at about $4 million.
