OMM640 Business ethics and social responsibility

OMM640 Business ethics and social responsibility

OMM640 Business ethics and social responsibility Ethics, Compliance, Auditing, and Emerging Issues Describe an emerging global risk for 2015 and beyond Technology risk is insofar the greatest challenge facing majority of businesses across the world, yet many remain oblivious to the risks they are exposed to. Technology risk includes cyber attacks, data fraud/theft, critical information infrastructure breakdown and misuse of technologies. Technology risk has the greatest financial impact on a company, in addition to time consumption and loss of trust from customers. The impact and likelihood of a cyber attack in the modern business environment is estimated at above average, and the threats are becoming more each day. This is compounded by the fact that businesses have become more hyper-connected, and sensitive personal and consumer data is currently being stored in cloud where hackers can gain access from any part of the world. Currently, more businesses continue to lean on technology as an integral part of their daily operations. This is due to the...
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