Which of the following is NOT a potential impact of technology failures?

Prepare for the Operational Risk Management Exam with multiple choice questions, expert explanations, and comprehensive study tips. Enhance your risk management skills and boost your confidence to excel on exam day!

The chosen answer, "Enhanced process automation," is not a potential impact of technology failures because enhanced process automation refers to the improvement and efficiency of processes through the use of technology. This outcome is typically associated with successful technology implementation rather than failure.

In contrast, data breaches, increased operational costs, and financial losses are all significant consequences that can arise from technology failures. Data breaches can result from vulnerabilities in technology systems, exposing sensitive information. Increased operational costs often stem from the need for additional resources to address the consequences of a technology failure, such as repairs or hiring specialized staff to manage the fallout. Financial losses can occur as a direct result of the inability to deliver services, lost productivity, or damage to reputation, all of which can stem from technology failing to function as intended.

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