From the course: IT and Cybersecurity Risk Management Essential Training

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IT risk management in medium companies

IT risk management in medium companies

From the course: IT and Cybersecurity Risk Management Essential Training

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IT risk management in medium companies

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- [Instructor] According to the World Trade Organization in developed economies, small and medium-sized enterprises, those organizations with less than 500 employees, represent over 90% of the business population. 60 to 70% of total employment, and 55% of gross domestic product. As a group, these businesses have a lot of IT risk to manage. And like the small-business category, which we looked at in a previous lesson, medium-sized businesses also have the fundamental problem of using a limited budget to manage seemingly infinite IT risk. But one major difference is that a medium-sized organization has usually solved the existential risk of product market fit, and they've established a reliable cashflow. Depending on the industry, the team of senior decision makers at a medium-sized company often does not include a chief information officer or a vice president of information technology. As a result, the IT leader typically…

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