The person responsible for the fraud was the CEO, Hank Greenberg. It was not exactly known how SEC found out, but possibly a whistleblower hinted it to SEC. The CEO was fired and AIG had to pay $10 million to SEC in the year 2003 and $1.64 billion in the year 2006. 8 # Scandal of Lehman Brothers It happened in the year 2008. It was another most cited scandal in the history of accounting frauds.
INTRODUCTION TO TESTING: Testing is a process used to help identify the correctness, completeness and quality of developed computer software. The purpose of testing is to discover errors. Testing is the process of trying to discover every conceivable fault or weakness in a work product. It provides a way to check the functionality of components, sub assemblies, assemblies and/or a finished product It is the process of exercising software with the intent of ensuring that the Software system meets its requirements and user expectations and does not fail in an unacceptable manner. There are various types of test.
As we know, this include appraisal pratice, electronic record retention, preservation strategy and storage management. This things are important to us to be able to find out more about record. Technological Context This structure is focuses on the strategies to ensure the availability of electronic record. There’s two the key of elements in technological contex: Management of electronic record system is ensure a variety of system include the emails, electronic and more than that. Next, electronic record security is we have to protect our email and control all of safeguard that are given.
Employees can detect issues and report them to senior management for analysis purposes. The main reason behind doing simulations is to see whether or not the plan in action actually achieves the objectives of the blueprints. Failure to do so would indicate a flaw in the plan and may require immediate attention from the company. Continuous executions of simulations should exploit weaknesses in plans over time. If the company operates from online, it would be required to have a crisis communication plan and have it simulated.
The computer incident response team conducts an organization’s incident response which is a selected group. In addendum to security and IT staff, it may also include the representatives from legal, human resource and public relation departments. There are six steps for handling an incident most effectively: 1. Planning: For the importance of updated security measures the organization educates users and IT staff. In order to respond to computer and network security incidents quickly and correctly as possible they also well
RMM is very useful to find and resolve the real time issues. • Auto Triage: Once incidents are detected, either by human means or through systems management tools that monitor the system for events. Next step is that where incident is assigned to particular. Assigning process can auto populated by using tool that can filter the desire team by identify key words in the incident detail. Also it automate the process of assigning task to fitting technicians depends upon availability, skill and severity • Auto Ticket Restoration: Once triaging acknowledges process completed and issue is assigned to concerning team.
Management should constantly re-assessed risk, as it is continuous. Risk identification should be repeated to capture any new risk, existing risks should be re-evaluated and the mitigation action plans monitored to ensure they are being completed in a timely manner. Risk culture helps define critical business areas associated with KRIS that needs monitoring, and related threshold and escalation levels. It helps organization's focus on what is important.
Accordingly, those frameworks must be upheld by suitable management and techniques. Determining on which controls ought to be set up requires precise planning and though in every detail. The purpose of this paper is to identify the information standard that an organization should be used. Give a thorough meaning of security standards. Ensure that the security standards are supported by the ISO17799.
It’s our duty to check everything and anything we produce before developed software can come to the release. There are a few reasons which obviously let us know as why Software testing is important and what are the significant things that we should consider while testing of any product or
All relevant groups in the organi-zation should be provided with sufficient training and supporting reference materials to allow them to protect information assets effectively (Straub, 1998). Information security management (ISM) is a complicated process that should be deployed from top to down. It involves technical IT resources and operations. The ability to implement and utilize information technologies with the right competencies can facilitate the organization to apply the security measures in the most effi-cient manner (Chang, 2011). In order to support organization’s goals in the continuous improve-ment, the causes of unsatisfactory performance should be identified and this can happen through the number of ISM’s convenient approaches.