The company’s operational continuity cannot be separated from the role the company’s IT governance has within the organization. The company has standards and carries out operational procedures to achieve goals that have strategic value. IT governance is the responsibility and form of work practice that business executives usually use to have an eye on company goals. IT governance can be used by organizations at the executive level to control risks that can occur and ensure that all forms of company resources are used appropriately. In the end, good corporate governance can affect the level of trust and more secure investment protection in the future. If you wish to understand this better, perhaps you also need to find out What are the types of managed services?
The definition according to the IT Governance Institute (ITGI) explains that IT governance is the responsibility of executive management or directors, and is part of enterprise governance. IT governance focuses on two things, namely how IT efforts provide added value to the business and managing risk when it is implemented. The implementation of information technology governance in an organization is built by providing added value that might benefit stakeholders. A real example that might be applied is a guarantee in terms of the accuracy and timeliness of management reports during the information technology development process. Also, the development of information technology must be able to reduce the risk of possible fraud occurring.
What is fraud? Fraud is a term that means illegal acts of fraud that are carried out on purpose and can harm other parties in the IT sector. This form of fraud is such as theft, burglary, extortion, plagiarism, embezzlement, and others.
Fraud prevention efforts are closely related to the practice of IT Governance which implements the selection and development of IT to be adequate. The number of fraud cases that occurred due to weakness in IT selection and development resulted in an unreliable MIS (Management Information System). This unreliability can create opportunities for small cheating, which was initially carried out on a whim and then escalated into major fraud due to “opportunities” so that the perpetrator knows the weakness in terms of supervision that exists in the organization.