In a 2017 report from the Project Management Institute (PMI), 14 percent of all IT projects fail. However, this metric only tells part of the story. Of the projects that didn’t fail outright, 49% were late, 43% exceeded their initial budget, and 31% didn’t meet their goals.
According to the Center for Strategic and International Studies, cybercrime costs the U.S. economy about $100 billion each year. As soon as you think you have one threat properly defended, a new, more dangerous threat emerges. This is why organizations continue to make major investments in IT security, to prevent data breaches and minimize their impact and to satisfy increasingly complex regulatory compliance requirements.