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Senior executives – and their shareholders – are increasingly aware of the risks that affect the achievement of corporate objectives, and the complexity of putting plans in place to mitigate those risks. For IT leaders, an understanding of these issues is essential to supporting the business.
The public sector faces unique challenges in managing risk. As the recent HM Revenue and Customs data loss scandal demonstrated, a failure to plan for and respond to unexpected problems can have huge consequences, affecting politicians, senior executives, employees and citizens in a wave of bad publicity.