Information risk management

http://www.itworld.com/it-managementstrategy/63782/information-risk-management

We are living in the information age, where information is power.
Every company has their own valuable information.
For example, for insurance companies, the past data from their loyal customers can become a significant strenght over their competitors.

When technology develops, we start to rely more and more on the advanced system.

In this example, ING Renault Formula 1 team demonstrated its ability to deal with their information.

One problem they have encountered was the crashes caused by massive amount of datas transferred to their server weekly. Recieving more than 400,000 emails which also contained spam mails were giving them headache.

However, they have built a filter which efficiently reduces the unnecessary information income.
This resulted in reducing the chance of them having to crash by 40%.

Information can be crucial if not stored properly and can lead to devastating consequences.

It is interesting to see this risk management playing this type of role.

In this era, individuals must identify each of their existing risks and come up with their unique way of minimizing the cost which is related to those risks.