What is IT General Controls

Organizations worldwide recognize the importance of a comprehensive, continuously evolving risk assessment process, built around a solid risk strategy that properly manages internal and external threats. A comprehensive enterprise risk management strategy must ideally contribute to the protection of the organizations’ assets, operations, shareholder’s value, and customer satisfaction while meeting imposed regulatory requirements and standards. As IT represents an integral part of the process required to achieve the aforementioned objectives, managing the risks associated with the information technology infrastructure of an organization is critical. The goal of this chapter is to review the most common risks and threat agents for a typical organizations’ information technology infrastructure and to discuss how systematic risk management procedures and controls can manage and minimize these risks.