Description
Corporate Governance Issues: IT Risk Management
Review the Week 1 readings and the assigned Case Study for background information before responding to this discussion question.
The company's senior managers are reviewing the company's Annual Report, which will be presented at the next quarterly shareholder's meeting. The annual report includes the following risk statements:
1. Cyber-attacks could affect our business.
2. Disruptions in our computer systems could adversely impact our business.
3. We could be liable if third party equipment recommended and installed by us, i.e. smart home controllers, fails to provide adequate security for our residential clients.
Write a two page briefing paper (five to seven paragraphs) which can be used by a member of the corporate board to explain these risks to shareholders. Provide specific examples of the types of risk events which could occur and the potential impacts (e.g. financial, reputation, client trust, etc.) Remember, the board members and shareholders are likely non-technical, so make sure your paper can be understood by laymen.
Provide in-text citations and references for 3 or more authoritative sources. Put the reference list at the end of your posting.
Explanation & Answer
Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!
Running head: RISK MANAGEMENT
1
IT Risk Management
Name
Course
Tutor
Date
RISK MANAGEMENT
2
IT Risk Management
Every business faces some risks that might jeopardize the smooth running of the
company and even the aspect of service delivery. As an internet and a computing firm, there are
a legion of challenges that can bring the company to its knees. The paper is a cognitive overview
of how cyber-attacks could affect the business fraternity. On the other hand, it also looks at how
a disruption of the computer systems would affect the operations of the business. Lastly, the
organization would be liable if the recommended third-party equipment fail to provide the
desired security. The Red Clay Renovations is an international company specialized in
renova...
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