TechMakers Inc. is a medium$-$sized electronics manufacturing company that produces smartphones, tablets, and other electronic gadgets.

The following risks have been identified by management of TechMakers Inc. and you as the Director of Risk Management must provide the organization with a risk management plan.

$1.$ Supply Chain Disruption:

Risk: The company sources critical electronic components from suppliers in various countries, making it vulnerable to supply chain disruptions due to factors like natural disasters, geopolitical issues, and transportation problems.

$2.$ Intellectual Property Theft:

Risk: As a tech company, TechMakers Inc. faces the risk of intellectual property theft, including the theft of design specifications and proprietary technology.

$3.$ Product Defects and Recalls:

Risk: Manufacturing defects or design flaws can lead to product recalls, which can be costly in terms of both financial resources and brand reputation.

$4.$ Cybersecurity Breach:

Risk: In the digital age, cyberattacks on the company's IT infrastructure and customer data are a significant risk.

$5.$ Regulatory Compliance:

Risk: TechMakers Inc. must adhere to various regulations and standards related to product safety, environmental impact, and data privacy.

A$.$ How should the organization respond to each risk $1-5$ using the $4$ T$$s and explain why you recommend that response. For each response be sure to answer these questions:

$$ Does the control meet laws and regulations?

$$ How well does each control mitigate the risk?

$$ What is the cost of the control vs$.$ the implementation benefit?

$$ What is the sustainability of the control?

$$ What changes might have to be made to this control?

$$ What other effects will this control have?