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Monday, 24th November, 2014
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Technology Risk

Technology permeates the operations of an entire institution and therefore technology risk cannot be compartmentalised as a process that focuses on a particular area. Technology enables key processes that a company uses to develop, deliver, and manage its products, services, and support operations. Understanding the role that technology plays in enabling core business operations establishes the framework for understanding where relevant technology risks lie.

By understanding the role that technology plays in supporting various business functions, company management is in a better position to determine the relative importance of these functions and prioritize the systems, applications, and data involved. Technology risks are present throughout the company and must be addressed as a whole.

Identifying vulnerabilities and threats provides company management with a view of the risks faced by the company given the enabling role of information technology. Once these risks have been identified, an appropriate technology risk management strategy can be developed and implemented.

Please click here to access further articles and resources related to technology risk.

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