Internal control procedures and security strategy/measures

The business environment of the early 21st century continues to change with increasing vigour. The growth of e-commerce and e-retailing, and the use of the internet for the movement of goods, services and information has clearly promoted a greater interconnectivity. An interconnectivity that has not only opened up and created enormous business opportunities, but has also increased the exposure of UK businesses, in particular UK retail companies, to previously unknown levels of risks and security threats, the costs and consequences of which have been and indeed continue to be significant.16

Required

Critically evaluate the type and nature of risk and security threats such a company faces and the internal control procedures and security strategy/measures that it might employ to protect itself.

Solution: