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Technology and Innovation Management
The goal of this Scholarly Paper is to examine how a company you choose handles cyber risk management considering the constant development of new technologies through strategy. The effects of new technology on risk profiles and the ways in which businesses evaluate and modify their cybersecurity policies should be part of your research as well as IT governance policies associated with managing cyber risk.
Assignment instructions:
Organizational Choice:
Pick a company that plays an active role in adapting to new technology. It could be a large tech company, a new venture, a bank, or any other type of business that uses technology extensively.
Research:
Investigate the selected company extensively, paying special attention to their cybersecurity efforts and technology usage.
Be sure to describe the company including its size, industry, and technological setup.
Background on Technological Development:
Find and explain the most important technology developments impacting the company you've selected. Some examples of such developments are advances in blockchain technology, the Internet of Things (IoT), cloud computing, artificial intelligence (AI), etc.
Analyze the potential new dangers or worsening of current cybersecurity issues that these technologies may cause.
An Analysis of Cyber Risk Management:
Analyze the present cyber risk management approaches used by the company. Questions to ask include how to invest in security technology, how to train employees, what policies are in place about cybersecurity including governance, and how to respond to incidents.
Explain the importance that a technology roadmap strategy provides a company.
Summarize strategies of an organization's cyber risk management best practices in view of the continuous development of new technologies.
Difficulties and Adjustments:
Please include any major incidents or problems your company has had with cybersecurity in the past few years.
Examine the ways in which the company adjusted its risk management approaches to deal with these difficulties and the evolving nature of technology.
Suggestions & Ideal Methods:
Make a list of the organization's cyber risk management best practices based on your research.
Provide suggestions and strategies on how the company might strengthen its cybersecurity measures in view of the continuous development of new technologies.
Thinking Back:
Think about other companies in the same industry or that rely on the same technologies, and how your results could affect them.
Present your findings in a scholarly paper that is at least five pages in length, not counting the title page and references page. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.
