QUESTION $2(20$ Marks$)$ Sanlam, a leading financial services group based in South Africa with a significant presence across Africa and global markets, has embraced advanced technology as part of its digital transformation to improve customer experience and operational efficiency. However, the rapid growth of technology has also exposed Sanlam to challenges, such as cybersecurity threats. For example, the company identified vulnerabilities in its online portal due to increasing cyberattacks targeting financial institutions. In this context, critically examine the standards and or frameworks that Sanlam can adopt to manage risks associated with technology and artificial intelligence.

Your recommendation should utilise

the following.

$-$ A visual representation illustrating

the boundaries or limits of risk that

are considered acceptable, tolerable

o r i n t o l e r a b l e b a s e d o n t h e

organisations risk appetite and

tolerance level $($risk threshold$).$

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$-$ An account of the controls and or

mitigation strategies that should be

adopted in response to the identified

risks.

The appropriate presentations

should be provided.

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$$ The relevant frameworks and

strategies should be presented