Question
Financial systems are the hub of any establishment, and with the pandemic crisis still ongoing, most companies are facing multiple likelihood of threats that could
Financial systems are the hub of any establishment, and with the pandemic crisis still ongoing, most companies are facing multiple likelihood of threats that could adversely impact them. Identify and explain TEN (10) controls that can be adopted to counter these negative impacts. (50 marks)
Some of TEN (10) controls:
To improve the capacity of the financial infrastructure to withstand default by a big institution. The need to streamline and simplify the countrys regulatory framework Stronger capacity to respond to crises Process Re-Engineering Implement Secure and Reliable Remote Technology Reinforce IT Security Policies Assess their existing disclosure and internal controls
Please provide another 2 controls.
Please explain in detail and more than 1500 words.
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