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3 Elements of Technology Risk Management

Question: 
What are three key elements of a technology-related risk management process?
Answer: 

Based on guidance in OCC Bulletin 1998-3, there are three essential elements of a technology-related risk management process:

  1. Planning for the use of technology,
  2. Deciding how it will be implemented, and
  3. Measuring and monitoring risk taking.

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Vendor: 

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First published on 04/19/2020

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