Risk assessment is a critical aspect of good corporate governance and the same concept is applicable in an information technology environment.

Question

Quizplus · Accepted Answer

Risk assessment in an information technology environment is essential to identify and address potential security threats and vulnerabilities. It enables organizations to focus on the most critical risks and implement necessary controls to mitigate or manage them. It is an important part of good corporate governance as it helps in minimizing potential financial loss, reputational damage, and legal liabilities.

Risk Assessment Is a Critical Aspect of Good Corporate Governance