Review the Week 1 readings and the Red Clay Renovations company profile for background information before responding to this discussion question. The company's senior managers are reviewing the company's Annual Report, which will be presented at the next quarterly shareholder's meeting. The annual report includes the following risk statements: 1. Cyber-attacks could affect our business. 2. Disruptions in our computer systems could adversely impact our business. 3. We could be liable if third party equipment recommended and installed by us, i.e. smart home controllers, fails to provide adequate security for our residential clients. Write a two page briefing paper (five to seven paragraphs) which can be used by a member of the corporate board to explain these risks to shareholders. Provide specific examples of the types of risk events which could occur and the potential impacts (e.g. financial, reputation, client trust, etc.) Remember, the board members and shareholders are likely non-technical, so make sure your paper can be understood by laymen. Provide in-text citations and references for 3 or more authoritative sources. Put the reference list at the end of your posting. .

1. Review the Week 1 readings and the Red Clay Renovations
company profile for background information before responding
to this discussion question.
The company's senior managers are reviewing the company's
Annual Report, which will be presented at the next quarterly
shareholder's meeting. The annual report includes the following
risk statements:
1. Cyber-attacks could affect our business.
2. Disruptions in our computer systems could adversely impact
our business.
3. We could be liable if third party equipment recommended and
installed by us, i.e. smart home controllers, fails to provide
adequate security for our residential clients.
Write a two page briefing paper (five to seven paragraphs)
which can be used by a member of the corporate board to
explain these risks to shareholders. Provide specific examples
of the types of risk events which could occur and the potential
impacts (e.g. financial, reputation, client trust, etc.) Remember,
the board members and shareholders are likely non-technical, so
make sure your paper can be understood by laymen.
Provide in-text citations and references for 3 or more
authoritative sources. Put the reference list at the end of your
posting.