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Every corporate officer must be aware of exposures to company loss in the data processing area. Examples are : risks involved in sale or lease of hardware and software ; risks due to defective medical computer programs ; risks arising out of inaccurate data ; the privacy risk ; the security risk ; risks due to loss of the data system itself, and risks… (More)
INTRODUCTION The objective of Risk Management is the proper planning of those resources needed financially and operationally after a fortuitous loss (e .g ., a fire or liability judgement) to achieve the most effective short term cost of risk and lone term risk minimization. Fundamentally, it requires qualffi-cation of the magnitude of the risk,… (More)