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Importance of Governance and Risk Management in Technology

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Importance of Governance and Risk Management in Technology

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Questions and Answers

What do governance and risk management involve in the context of technology?

Handling customer service issues in a technology company

Defining strategies, policies, and procedures for effective and secure IT system operation (correct)

Conducting legal research related to technology patents

Developing marketing campaigns for tech products

Why is compliance adherence important in governance and risk management in technology?

To ensure continuity of operations and prevent legal complications (correct)

To enhance product development processes

To increase marketing effectiveness

To improve employee satisfaction

How does governance and risk management contribute to reputation preservation in a company?

By addressing reputational risks and maintaining trust among stakeholders (correct)

By increasing employee turnover

By developing new products

By mitigating financial risks

What is one of the key principles of governance and risk management mentioned in the text?

Risk assessment Signup and view all the answers

How can governance and risk management achieve continuous improvement?

By seeking ways to enhance processes, technologies, and strategies for better risk management Signup and view all the answers

Who is responsible for handling the identification, assessment, and mitigation of risks within the technology infrastructure?

Risk Management Specialist Signup and view all the answers

In what way does governance and risk management protect businesses according to the text?

By safeguarding businesses from potential threats and ensuring continuity of operations Signup and view all the answers

Which framework is specifically built to help organizations manage cybersecurity risks and requirements for an ISMS?

ISO/IEC 27001 Signup and view all the answers

What is the primary role of a Compliance Officer in governance and risk management?

Ensure the company complies with relevant regulations and policies Signup and view all the answers

What is one of the best practices recommended for implementing governance and risk management?

Integration Signup and view all the answers

Which aspect poses a challenge in implementing new risk management technologies across an organization?

Strategic Alignment Signup and view all the answers

What is the responsibility of an IT Security Analyst in governance and risk management?

Handles identification, assessment, and mitigation of risks within the technology infrastructure Signup and view all the answers