Update Risk and Governance Practices Management Paper

UPDATED RISK AND GOVERNANCE PRACTICES
STUDENT’S NAME
NORTHCENTRAL UNIVERSITY
Abstract
In the past few decades technology has changed lives; from how work is done, communication, and healthcare. These technologies have been marred with a lot of controversies and have sparked heated debates from people of all walks of life.
The technology was designed to make the world a better place and make it easier to get tasks done, such as faster and more comfortable means of transport, quicker and more accurate diagnosis (Trkman, 2010). The same technology has turned out to have adverse effects on the society at the same time. The purpose of this paper is to uncover the various technological information risks and how innovation can mitigate them.
Technology information risks.
Internet related crimes. With the communication gadgets becoming more and more sophisticated like the manufacture of smart phones and with faster internet speeds (like the 4G phones) day in day out; there are those who are using the internet to do evil. There has been an increase in attempted corporate espionage from internet programs, these threats are transmitted as malware and are designed to corrupt the targeted computer files. They can take many forms on the web; they can be installed through a pop-up window on an unsecured website. They can also be sent through emails as attachments (Ralston & Graham et al. 2007). When installed the program deletes or corrupts all documents on the computer rendering them unusable. This causes huge losses to the corporate.
Cyber bullying and harassment. With the innovation of social media, a lot of personal information is out there on the internet in the form of profiles. When opening a social media account for instance on Face book, a lot of personal information is required for the opening of the account to be successful. Then there is the constant posting of status updates and photos that leave a digital trail. There are a lot of social media bullies who take the chance to harass people on social media; they write mean and even abusive comments. With the evolution of social media and people's craze for the recognition, it has become a hot bed of revenge attack. This is especially from enraged exes or fallen out friends who use the platform to demean others (Mishna &McInroy et al., 2017). Just in the past two years, there has been a significant increase in complaints of digital harassment and bullying.
Online Scams. The internet is full of people looking to scam other out of their hard earned money by coming up with ‘Get rich quick' schemes. This scam artist use networks to broaden their reach, for instance, there is network marketing scheme where one is required to pay a joining fee in exchange for future financial gains. They then make the deal by promising to debit your account with a certain percentage for every new person signed into the ‘company,' or they might be that periodical returns are multiplied by the number of members in the network. Some of these scams have made people lose their pension earnings, loans borrowed to join the schemes.
Phishing. It is described as a practice which is fraudulent and it involves sending emails to individuals and making them believe that t...