IBM Systems Magazine, Mainframe - July/August 2014 - 39

Being
Risk-Aware
New IBM and Ponemon study examines
the economics of IT risk and reputation
By Caroline Vitse k Illustration by Martin O'Neill

ost IT professionals
cringe when a new
data-breach report hits
the public airwaves-then they
pray it never happens to them.
Though every business cares
about avoiding IT failures, the
incentive to enact change would
be greater if executives truly
understood the cost of a failure.
IT failures are many and
varied; they can be caused
by human error, system
failures, security breaches
and disruptions to data center
operations such as power failures
and natural disasters. How do
you measure the total cost that
results from an organization's
inability to provide an acceptable
level of service in the face
of interruptions to normal
operations? Consider, too, the
reputational consequences.
What's the cost of damage to a

M

company's image or brand value
as a result of poor controls, failed
processes, IT downtime, data
theft and compliance violations?
According to Patrick Corcoran,
global business development
executive at IBM, many clients
ask what impact a disaster would
have to their businesses if critical
information can't be accessed
because the IT environment is
unavailable. Finding the answer
to this can be a struggle.

Studying Risk
In 2010, IBM began a series of
risk studies to provide valuable
information to its clients. In
July 2013, IBM extended its
research on IT risks by asking the
Ponemon Institute to conduct a
study that would research the
link between IT failures and
reputational risk. The IBM Global
Study on the Economic Impact of

TAKEAWAY
s 4HE )"- 'LOBAL 3TUDY ON THE
%CONOMIC )MPACT OF )4 2ISK IS THE
LARGEST INDEPENDENT RESEARCH STUDY
MEASURING THE lNANCIAL AND REPU
TATIONAL CONSEQUENCES OF BUSINESS
DISRUPTIONS CAUSED BY BUSINESS
CONTINUITY OR )4 SECURITY FAILURES
s -OST COMPANIES DONÇT HAVE A
FORMAL STRATEGY FOR BUSINESS CON
TINUITY OR )4 SECURITY MANAGEMENT
ACROSS THE ENTERPRISE WHICH COULD
SERIOUSLY IMPACT THE EFFECTIVENESS
OF THEIR )4 OPERATIONS
s )"- OFFERS SIX ACTION STEPS TO
HELP YOU MAKE THE CASE FOR )4 RISK
MITIGATION SPENDING AND ACHIEVE
MEASURABLE RESULTS

ibmsystemsmag.com JULY/AUGUST 2014 // 39


http://www.ibmsystemsmag.com

IBM Systems Magazine, Mainframe - July/August 2014

Table of Contents for the Digital Edition of IBM Systems Magazine, Mainframe - July/August 2014

Table of Contents
Editor's Desk: Protecting information
IBM Perspective: Sunny outlook on the mainframe
Techbits: Watson: your personal shopper
Infographic: How the mainframe changed our world
Partner PoV: ISVs can help mainframe customers keep up with a rapidly evolving environment
Focus on Storage: IBM FlashSystem addresses storage and application performance issues
Currents: As data consumption expands, information protection policies must be put in place
Case Study: Credit Where Credit's Due: Isracard Group devises a novel way to verify its system integrity before disaster occurs
Cover Story: A Secure Fortress: The mainframe delivers the reliability, safety and cost-effectiveness your IT shop needs
Feature: Be Proactive in Risk Management: Protecting data is crucial as your business connects in ever-increasing ways along the access superhighway
Feature: Being Risk-Aware: New IBM and Ponemon study examines the economics of IT risk and reputation
Administrator: Active/Active Sites helps distribute workloads during outages
Tech Corner: A point-in-time tool, Runtime Diagnostics can find issues in a pinch
Solutions: Reflection 2014; CA Chorus; VFTP 3.0; Lifecycle Manager; STEPLIB-Rx; Ivory VisualConnect; Mainframe Abend Assist; Linux Enterprise Server Starter System for System z
Stop Run: Together, IBM executives Pat Toole Jr. and Pat Toole St. bring more than half a century of dedication to the company
Reference Point - Global Events, Education, Resources for Mainframe
2014 Mainframe Solutions Edition Product Index
IBM Systems Magazine, Mainframe - July/August 2014 - Intro
IBM Systems Magazine, Mainframe - July/August 2014 - Cover1
IBM Systems Magazine, Mainframe - July/August 2014 - Cover2
IBM Systems Magazine, Mainframe - July/August 2014 - 1
IBM Systems Magazine, Mainframe - July/August 2014 - Table of Contents
IBM Systems Magazine, Mainframe - July/August 2014 - 3
IBM Systems Magazine, Mainframe - July/August 2014 - 4
IBM Systems Magazine, Mainframe - July/August 2014 - 5
IBM Systems Magazine, Mainframe - July/August 2014 - Editor's Desk: Protecting information
IBM Systems Magazine, Mainframe - July/August 2014 - 7
IBM Systems Magazine, Mainframe - July/August 2014 - IBM Perspective: Sunny outlook on the mainframe
IBM Systems Magazine, Mainframe - July/August 2014 - 9
IBM Systems Magazine, Mainframe - July/August 2014 - Techbits: Watson: your personal shopper
IBM Systems Magazine, Mainframe - July/August 2014 - 11
IBM Systems Magazine, Mainframe - July/August 2014 - Infographic: How the mainframe changed our world
IBM Systems Magazine, Mainframe - July/August 2014 - 13
IBM Systems Magazine, Mainframe - July/August 2014 - Partner PoV: ISVs can help mainframe customers keep up with a rapidly evolving environment
IBM Systems Magazine, Mainframe - July/August 2014 - 15
IBM Systems Magazine, Mainframe - July/August 2014 - Focus on Storage: IBM FlashSystem addresses storage and application performance issues
IBM Systems Magazine, Mainframe - July/August 2014 - 17
IBM Systems Magazine, Mainframe - July/August 2014 - 18
IBM Systems Magazine, Mainframe - July/August 2014 - 19
IBM Systems Magazine, Mainframe - July/August 2014 - Currents: As data consumption expands, information protection policies must be put in place
IBM Systems Magazine, Mainframe - July/August 2014 - 21
IBM Systems Magazine, Mainframe - July/August 2014 - 22
IBM Systems Magazine, Mainframe - July/August 2014 - 23
IBM Systems Magazine, Mainframe - July/August 2014 - Case Study: Credit Where Credit's Due: Isracard Group devises a novel way to verify its system integrity before disaster occurs
IBM Systems Magazine, Mainframe - July/August 2014 - 25
IBM Systems Magazine, Mainframe - July/August 2014 - 26
IBM Systems Magazine, Mainframe - July/August 2014 - 27
IBM Systems Magazine, Mainframe - July/August 2014 - 28
IBM Systems Magazine, Mainframe - July/August 2014 - 29
IBM Systems Magazine, Mainframe - July/August 2014 - Cover Story: A Secure Fortress: The mainframe delivers the reliability, safety and cost-effectiveness your IT shop needs
IBM Systems Magazine, Mainframe - July/August 2014 - 31
IBM Systems Magazine, Mainframe - July/August 2014 - 32
IBM Systems Magazine, Mainframe - July/August 2014 - 33
IBM Systems Magazine, Mainframe - July/August 2014 - Feature: Be Proactive in Risk Management: Protecting data is crucial as your business connects in ever-increasing ways along the access superhighway
IBM Systems Magazine, Mainframe - July/August 2014 - 35
IBM Systems Magazine, Mainframe - July/August 2014 - 36
IBM Systems Magazine, Mainframe - July/August 2014 - 37
IBM Systems Magazine, Mainframe - July/August 2014 - Feature: Being Risk-Aware: New IBM and Ponemon study examines the economics of IT risk and reputation
IBM Systems Magazine, Mainframe - July/August 2014 - 39
IBM Systems Magazine, Mainframe - July/August 2014 - 40
IBM Systems Magazine, Mainframe - July/August 2014 - 41
IBM Systems Magazine, Mainframe - July/August 2014 - 42
IBM Systems Magazine, Mainframe - July/August 2014 - 43
IBM Systems Magazine, Mainframe - July/August 2014 - Administrator: Active/Active Sites helps distribute workloads during outages
IBM Systems Magazine, Mainframe - July/August 2014 - 45
IBM Systems Magazine, Mainframe - July/August 2014 - 46
IBM Systems Magazine, Mainframe - July/August 2014 - 47
IBM Systems Magazine, Mainframe - July/August 2014 - Tech Corner: A point-in-time tool, Runtime Diagnostics can find issues in a pinch
IBM Systems Magazine, Mainframe - July/August 2014 - 49
IBM Systems Magazine, Mainframe - July/August 2014 - 50
IBM Systems Magazine, Mainframe - July/August 2014 - 51
IBM Systems Magazine, Mainframe - July/August 2014 - Solutions: Reflection 2014; CA Chorus; VFTP 3.0; Lifecycle Manager; STEPLIB-Rx; Ivory VisualConnect; Mainframe Abend Assist; Linux Enterprise Server Starter System for System z
IBM Systems Magazine, Mainframe - July/August 2014 - 53
IBM Systems Magazine, Mainframe - July/August 2014 - 54
IBM Systems Magazine, Mainframe - July/August 2014 - 55
IBM Systems Magazine, Mainframe - July/August 2014 - Stop Run: Together, IBM executives Pat Toole Jr. and Pat Toole St. bring more than half a century of dedication to the company
IBM Systems Magazine, Mainframe - July/August 2014 - Cover3
IBM Systems Magazine, Mainframe - July/August 2014 - Cover4
IBM Systems Magazine, Mainframe - July/August 2014 - Reference Point - Global Events, Education, Resources for Mainframe
IBM Systems Magazine, Mainframe - July/August 2014 - 2014 Mainframe Solutions Edition Product Index
IBM Systems Magazine, Mainframe - July/August 2014 - SE2
IBM Systems Magazine, Mainframe - July/August 2014 - SE3
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