The latest issue of EY’s Board Matters Quarterly is out and it focuses on Balancing the risks and rewards of digital technology. The three articles discuss the perils and payoffs of cloud, mobile and social technologies from a board perspective. It summarizes the key questions board members should be asking management about these innovative technologies and offers up a point-of-view on building trust in your digital portfolio.
Here is a sneak preview of the issue:
Anyone with internet access can use social media to quickly promote a company’s brand. But, using these same technologies, anyone can also damage an organization’s reputation just as quickly. This easy access poses serious potential reputational risks for an organization. The movement of critical business information and data to the cloud also poses risk because information security isn’t always clearly understood or managed. Employees, meanwhile, are increasingly using their mobile devices to access corporate data, thereby giving rise to another potential vulnerability. Today’s digital landscape is changing rapidly and the risks can escalate quickly.
Cloud computing, mobile technology and social media can help an organization achieve its business goals, but boards need to pay close attention to the associated risks. In this issue of Board Matters Quarterly, we discuss the challenges and opportunities of current digital technologies, and provide questions for boards and audit committees to consider.
In this issue
Putting your trust in the cloud
Cloud computing can provide organizations many benefits, but it’s important to build a secure, trusted and audit-ready environment to help avoid the dangers.
Computing beyond the borders of your business
Many board members and employees use mobile devices to access data and perform their jobs. We explore how to develop a secure and successful mobile program.
The business of social media
Social media can be a powerful business tool, but it can come with some risks. A well-planned and executed strategy is critical.