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Technology risk: It’s more than cybersecurity Logo aicpa

  Joel Lanz, CPA/CITP/CFF, CGMA |   Free |   AICPA |   06 Sep 2016 |   CPA Insider

This column discusses the “silent killers” of technology risk that organizations must master to protect their business.

Topics covered:
  • Management accounting: Technical: Risk management & internal control: Risk identification & assessment, Intermediate
  • IT management & assurance: Technical: IT risk & assurance services, Intermediate
  • Management accounting: Technical: Business planning: Capital expenditure evaluation for IT and digital transformation, Intermediate
  • Management accounting: Technical: Risk management & internal control: Cybersecurity, Intermediate

3 Comments/Reflections

Glyn Horsfield

Glyn Horsfield Dec 2019

Nice to know we are on the right path.
Bernhard Heyns

Bernhard Heyns Dec 2016

This article highlights the importance of IT in business today, more and more we see processes which was done manually or in person move to computer based services.

The article also highlights the importance of hiring the correct employees with the necessary IT skills to use as part of their arsenal to perform their day to day work. In some cases employees can eliminate a lot of time wasted just by learning or using new IT skills. 

Financial Managers are more and more becoming involved with IT as part of their duties, this article has helped to highlight that the risk in IT is not only from cyber attacks.
Tendai Nyakurimwa

Tendai Nyakurimwa Oct 2016

Cybersecurity is a topical issue nowadays. A lot of companies are facing data breaches and this means companies should develop strategies to stop these breaches.

The article lays out areas to look out for. For example the use of social platforms to generate sales has it's own risks. While sales are boosted it is worthwhile for a company to anticipate the downside of this platform.

I look forward to use the information within my organisation. it will help us to anticipate areas that are risky.