Professor John Graham of Indiana University points out that “large amounts of resources are devoted to slight or speculative dangers while substantial and well-documented dangers remain unaddressed”. It has been well established that people often too much weight is placed on risks of low probability. Such is the dilemma of complexity within IT infrastructure. We often talk about hackers, malware, floods, fires, earthquakes, and tornados; while the real crisis is happening right under our nose and it has well over 5,000 risk signatures. This crisis is the complexity in the IT infrastructure and it is causing considerable losses for companies.
The likelihood that an organization will experience a catastrophic loss from an IT failure is far greater than any catastrophic disaster or "black swan" event. IT failures are costing companies trillions of dollars every year; worldwide downtime is estimated at over $35 Billion...