Final answer:
The importance of ethics and human values in the IT industry has not been overemphasized; on the contrary, they are essential to addressing the array of challenges posed by technological breakthroughs such as AI, and to ensure technology aligns with human values and corporate responsibility.
Step-by-step explanation:
The statement that the importance of ethics and human values has been overemphasized to the detriment of all concerned in the midst of IT breakthroughs is generally considered false. Ethics and human values are crucial in guiding the IT industry towards responsible development and use of technology. In considering the impact of breakthroughs such as artificial intelligence, it is imperative to deliberate on corporate responsibility, codes of ethics, and the potential for both positive outcomes and ethical dilemmas. The formulation of ethical principles in IT, like the aforementioned IEEE Code of Ethics, ensures that technological progress does not come at the cost of human well-being or societal harmony.