Okay, so my textbook discusses risk and distinguishes IT risk informally, but do

Question

Okay, so my textbook discusses risk and distinguishes IT risk informally, but does not explicitly define IT risk. Wikipedia (http://en.wikipedia.org/wiki/IT_risk) has an article devoted to IT Risk, which clarifies many of the new facets of risk that have been introduced by IT.

So, imagine that you are an IT manager in a medium-size organization with 200 IT professionals. The CIO has asked you to develop a presentation covering the “top 10 things the IT professional needs to know about IT risk.”

Utilizing solid sources (with citations) from the web and knowledge materials you might have studied,

In your own words (NOT copy and pasting plagiarism),

develop a set of notated presentation slides that cover what your CIO wants. Hint: Start by defining risk and distinguishing it from (the definition of) IT risk. Cite your sources.

*You do not have to compose a ppt. just type out what should be on each slide if you was to make a ppt.*

Thank you!

Requirements for the person that will be answering the above question.

* Type out responses in Your Own Words!

* Do not write on paper and send a photo.

* NO plagiarism/ NO copy and pasting from outside sources without properly citing your sources.

** FAILURE to adhere to the stated requirements will result in thumbs down and will be reported to Chegg administration. **

Explanation / Answer

IT Risks are one of the important areas where all the companies are focussing majorly
to secure their business.Information technology or IT risk is basically any threat to business data, critical systems and business processes that is happening through IT systems. IT risks have the potential to damage business value and often come from poor management of processes and events.There are various business critical areas that come under IT threats. One of the aspect is Security which deals with unauthorised access of the information, then we have availability which deals with inability to access IT
systems needed for business operations, the other one is performance which deals with
loss of productivity due to slow or delayed access of IT systems , then we have compliance which deals with various laws amd regulations of the states. One of the form of IT risk is security breach that can result in identity fraud/theft, or financial fraud/theft, damage to company's reputation, or damage to physical assests. Another form
of IT risks come in the form of downtime or outages which can result in lost sales and
customers, reduced staff and business productiivity, damaged relationship with partners
and suppliers.In general we can categorize the risks as follows:

1.General IT Rixk comprising of hardware and software failures,maleare,viruses,
spam, scams, phishing including human error.

2.Criminal threats like hackers, frauds, passsword theft, denial of service, security
breaches and staff dishonesty.

3. Natual disasters such as fire cyclone floods etc which can damage the IT
   systems considerable resulting in loss of physical assets, customer records/tranactions, business information.

So one has to be aware of all these aspects of IT risks and their impacts in order
to come up with comprehensible solutions.

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