In this lesson, Nick Palazzolo, CPA, delves into the significance of safeguarding data within the realm of information technology, emphasizing the ever-present threats such as phishing attacks. He explains the essential practice of segregating duties to prevent unauthorized access to critical information, ensuring that authorization, custody, and record keeping are kept distinct. Furthermore, Nick sheds light on evaluating the monetary value of risk, a concept applicable in various scenarios beyond IT. He illustrates this through the lens of calculating probabilities and potential impacts, drawing parallels to weighing risks in different business contexts. This comprehensive overview underlines the importance of understanding data management processes, from collection to backup, analysis, and presentation. To reinforce the lesson, Nick encourages active practice with multiple-choice questions to identify and overcome personal stumbling blocks in grasping the material.
Video: Risk Associated with IT Summary
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Information Systems
Module:
3 Concepts,
33 Videos
IT Governance
11:52
Business Models
2:34
IT Outsourcing
3:45
Cloud Computing
3:49
IT Controls Design
5:42
Systems Development
8:47
Separation of Duties
2:40
Data Analytics
4:00
IT Attacks
7:29
Probability of Risk
5:29
IT Security Terms
5:34
IT Risks
6:59
IT Controls
10:58
Blockchains
3:33
