What are the key risks associated with the lack of governance, in relation to the organisation’s information systems?

The lack of governance in relation to an organization's information systems can lead to several key risks:

1. Data Breaches: Without proper governance, the organization's information systems may be vulnerable to data breaches. This can lead to unauthorized access to sensitive data, which can have severe consequences, including financial loss and damage to the organization's reputation.

2. Non-Compliance: Governance policies often include compliance with various regulations and standards. Without these policies in place, the organization may fail to meet these requirements, leading to legal penalties and loss of trust from customers and partners.

3. Inefficient Use of Resources: Proper governance ensures that the organization's information systems are used effectively and efficiently. Without it, resources may be wasted, leading to increased costs and decreased productivity.

4. Poor Decision Making: Governance provides a framework for making decisions about the organization's information systems. Without this framework, decisions may be made based on incomplete or inaccurate information, leading to poor outcomes.

5. Lack of Accountability: Governance establishes clear roles and responsibilities for managing the organization's information systems. Without it, it may be unclear who is responsible for what, leading to confusion and lack of accountability.

6. Increased Vulnerability to Cyber Attacks: Without proper governance, the organization's information systems may not have adequate security measures in place, making them more vulnerable to cyber attacks.

7. Loss of Data Integrity: Without governance, there may be no controls in place to ensure the accuracy and consistency of data, leading to loss of data integrity. This can impact the reliability of the data and the decisions made based on that data.