Outage or Breach – Confront with Confidence (2021)
A Recent Dice Article Titled – Data Breach Costs: Calculating the Losses referenced a 2021 IBM and Ponemon Institute study that looked at nearly 525 organizations in 17 countries and regions that sustained a breach last year, and found that the average cost of a data breach in 2020 stood at $3.86 million. The same report also found that […]
Incident Management Metrics That Matter – 2023
Incident Management Metrics (KPIs) that matter the most Key performance indicators (KPIs) are a tool that allows businesses to measure and improve their incident management performance against key measures. Understanding these KPIs and how to use them can be key to aligning ITSM with business goals. We will review these Incident Management Metrics (KPIs) with […]
The True Cost of Downtime
A recent survey conducted by Information Technology Intelligence Consulting (ITIC) found that a single hour cost of downtime costs more than $100,000 for 98 percent of organizations. 60 percent noted that one hour of down time costs more than $300,000. Also, 33 percent stated one hour of down time costs between $1 million and $5 million. Downtime is a serious problem regardless […]
How Does Alert Fatigue Affect Teams?
IT service management (ITSM) and DevOps teams are responsible for identifying incident management issues as quickly as possible. Yet the sheer volume of incident management alerts sometimes can be overwhelming. And in many instances, teams bombarded with incident management alerts may suffer “alert fatigue.” Alert fatigue affect teams when it receives a high volume of […]
Best Practices for Major Incident Management Teams (in 2023)
If a server crashes or a data center outage occurs, does your major incident management team understand best practices to respond quickly and effectively? If not, your company, its employees and its customers could suffer the consequences. A major incident causes a business to deviate from its standard processes, and as such, may result in […]
How Much Will Your Outage Cost?
Has your company ever faced an outage? If so you are not alone. Internet and airline outages seem to be the new trend, with major websites flickering on and off for US based internet users. The hackers flood the websites with traffic so they can’t handle the visits from their ordinary users. Besides the inconvenience […]
Why Retailers Need Incident Management Software
As a retailer, you likely invest a lot of time and resources to explore ways to drive revenue growth and foster long-lasting customer partnerships. But what happens when your company suffers a major incident like a data breach? The end result may be a downward spiral that affects your business, its employees and, perhaps most important, […]
