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Technical

How to manage risks connected with the “internet of things” Logo cgma

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  Free |   AICPA and CIMA |   28 Jan 2015 |   CGMA Magazine
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The so-called “internet of things” provides tremendous opportunities for customer convenience and satisfaction that can lead to transformative growth for tech-savvy businesses. But the heightened risk associated with web-connected products demands risk management that’s carefully designed and carried out. This article discusses a new ISACA report related to risk and value considerations of the “internet of things.”

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Risk identification & assessment, Advanced
  • Management accounting: Technical: Accounting information systems: Accounting information systems and digital technologies, Intermediate
  • Management accounting: Technical: Accounting information systems: Accounting information systems and digital technologies, Advanced

5 Comments/Reflections

Robert Thomas-Carter

Robert Thomas-Carter Nov 2018

Worth reflecting on the growing number of items in the workplace which network / interact with others.  Using the potential of these items is great, but awareness of security and confidentiality is important.

Bekithemba Hwalima

Bekithemba Hwalima Mar 2016

It is important that organisations holistically manage their internet-of-things devices, and take into account both the potential value the technology brings and the possible new risks introduced.
Lianda Van Zyl

Lianda Van Zyl Oct 2015

IOT great potential but risks involved.

Risks need to be managed. Look at WHO, WHAT,WHY and HOW.

Lianda Van Zyl

Lianda Van Zyl Oct 2015

IOT great potential but risks involved.

Risks need to be managed. Look at WHO, WHAT,WHY and HOW.

Lakshitha Wijesinghe

Lakshitha Wijesinghe Feb 2015

Rapid growth of IOT poses a huge threat to privacy and information security. Before teh fast adaptation of the technology, regulators should place necessary regulations and laws with regard to the risks. 

Further IT security industry should also given higher focus to have mititation plans for any potential risks. 

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