IT Risks and Benefits

Question 1

IT Risks

Answer 1

1) Potential reliance on inaccurate systems
2) Loss of data/data mistakes from unauthorized access
3) Unauthorized changes to data/systems/programs
4) Failure to make required changes/updates to systems/programs

Question 2

IT Benefits

Answer 2

1) Accurate and consistent processing of large data/transaction volume
2) Improved timeliness and availability of info
3) Facilitation of data analysis and performance monitoring
4) Reduction of risk that controls can be compromised
5) Effective implantation of security controls enhances segregation of duties.