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In: Finance

Assume that you are given the responsibility to assess the risks that confront your organization (where...

Assume that you are given the responsibility to assess the risks that confront your organization (where you currently work, if you are not working, the university is your organization) in the next 12 months. Identify the risk factors that are specific to your organization and discuss their potential impacts.

Solutions

Expert Solution

Risks that confronts an Organization in the next 12 months

Situation - The person is working in an IT organization

The risk may be internal as well as external

The internal risk may be because of spam, human error,viruses, malicious attacks(Software and hardware related risks)

The external risk usually happens if the Project of the IT which is working is not performing and it is shut down, there is risk regarding the employibility here.Other risk may be happen because of any disaster, economic depression

The potential impacts of the internal risks will persist for a short duration of time , but still it will give as tension for the people , but it is controllable to an extent

The potential impacts of the external risks will not be controllable like economic depression, disaster , epidemic outbreak etc

Solution for this

- Always plan for the worst

- Avoid cyberliability confusions

-Data privacy maintain

jeff jeffy answered 2 years ago
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