Research debunks common myths associated with IT risks

Symantec IT Risk Management Report Volume II reveals that awareness of the importance of IT risk management is increasing, however several myths persist. Despite the finding that practitioners are embracing a more balanced approach that encompasses security, availability, compliance and performance risks, misunderstandings of IT risk management can lead to potential IT system failures, and ultimately impact business continuity.

The report also indicates process issues cause 53 percent of IT incidents, while IT often underestimates the frequency of data loss incidents.