Information technology vulnerabilities cause a business to lose its sensitive data leading to a poor perform in its operations. They are weaknesses which expose an organization to risks/threats by allowing a hacker to interfere with the company’s information security. To assess the vulnerabilities one must first identify the areas of weakness or the ways the company’s security can be breached. This could be an internal or external situation. According to Alhazmi, O. H., Malaiya Y.K., Ray, I (2007) “The values of vulnerability densities fall within a range of values used to measure of defect density for general defects in an operating system for a particular company”. Once the vulnerabilities are identified, then the task is to assess the different ways …show more content…
2006). There are four main types of risk control strategies which will help to prevent risks are:
a) Risk Dissection – The first risk control strategy is risk dissection or analysing the risks and learning more about them. It includes identifying risks like financial, environmental, strategic etc. and analysing their impact on the business. It is the first step for a successful risk management plan.
b) Avoidance- To apply safeguards thereby eliminating the risk problems. Once the associated risks are identified the risk management team can work in accordance to reduce the potential threats. Avoiding items from the business plan that aren’t necessary but can be a risk, is one of the major risk avoidance strategy.
c) Risk Loss Control – After taking steps to prevent certain business risks, it’s important to decide a preventive strategy in order to avoid such risks from happening in the near future. This would include coming up with an alternate plan like choosing to develop a new process that reduces the risk probabilities but is also beneficial for the
In addition, the business data will be stored on these devices, being or not protected only by the individual security awareness of each employee. Therefore, it is likely that the confidentiality of corporate data will be compromised if an employee’s device is lost or stolen. Take Godiva, a chocolate manufacturer, as an example. On November 25, 2014, they notified employees of the company of a data breach when a Human Resources employee, who was traveling to retail sites, had a briefcase stolen from a car. The briefcase contained a laptop that had employee information on it.
4.4.4. Vulnerabilities Weaknesses, insecure network, defects, in any SCADA system that can be increase the access of unauthorized advantages. A single defect allow an attacker to gain information that defect is define as vulnerability. 4.4.5. Damage potential
41. Do we use automated tools to assess system/network vulnerabilities?
With widespread use of internet services, the network scale is expanding on daily basis and as the network scale increases so will the scale of security threats which can be applied to system connected to the network. Viruses and Intrusions are amongst most common threats that affects computer systems. Virus attacks can be controlled by proper antivirus installation and by keeping the antivirus up to date. Whereas any unauthorized access in the computer system by an intruder can be termed as Intrusion and controlled by IDS. Intruders can be grouped into two major categories which are external and internal Intruders.
In this modern world the need for designing and developing an application with good secure features is very high. I have also learned what an error exceptional handling is and why is it important in code review. I have also learned that in developing a software product or in the software development life cycle process, a software product must be teste in earlier stages and very frequently. This recalled my knowledge of secure software development life cycle. One must know the importance of secure software development life cycle.
Strengths are the features of the business and internal capabilities that allow the company to operate more effectively than their competitors and help to reach its objectives , such : distinct product quality , marketing expertise , good location and other , for example : United airlines have a good reputation and this is a strength of the company .Weaknesses are internal limit that may limits the company’s ability to achieve its objectives , such : bad location , poor quality product and other , for example : United airlines have a lack of resources and this is a weakness of the company . Opportunities are external factors that may help the company to exploit to its advantages , such :demographic changes , economic claims , new technology and taste of customers , for example : in the holidays , people often want to travel , so United airlines provide a good offering to attract more travelers . Threats are emerging or current external factors that may challenge the company’s performance , such as : economic crisis , taxation and competitions , for example : United airlines have a many competitors that may challenge the company’s abilities to attract more customers . as I’m the owner and managers of United airlines ,first I will look at my own internal strengths for example : United airlines are a very trusted brand and Has an employee strength of over 85,000+ . While my own internal weaknesses
Powered by Research paper on models of change management 1 Research paper on models of change management Shireesha Muthaluru Under the guidance of Prof. Antala atul Course Period:-01/13/2015 to 02/24/2015 Submission Date: 02/03/2015 Wilmington University Research paper on models of change management 2 Abstract The research paper presents importance of models change in change management and an alternative way of thinking about technological change in organizations. The Information technology is the process of planning, developing, implementing or managing computer or electronic based applications.
Week 2: Aligning Risks, Threats, and Vulnerabilities to COBIT P09 Risk Management Controls Lab #2 Lab Report File: Risk Management – IS355 Sherry Best Nicole Goodyear January 23, 2018 Describe the primary goal of the COBIT v4.1 framework. Define COBIT. The purpose of COBIT is to provide management and business process owners with an information technology (IT) governance model that helps in delivering value from IT with understanding and managing the risks associated with IT. COBIT also bridges the gaps between control requirements, business risk, and technical issues.
For operational purposes, the company collects and stores confidential information about their customers, employees, suppliers, and vendors. For purposes of their rewards program, the company collects sensitive and confidential consumer information. Although security measures and information technology systems have been put in place to ensure secure transmission and storage of confidential information, security breaches, computer viruses, or even human error can occur. Any of these events could cause data to be lost or stolen, as well as disclosed and used with malicious intent. Such occurrence could lead to litigation, fines, increased security costs, and damage to
The risk management process establishes the methodology for risk enterprises framework for the of many businesses (Fraser & Simkins, 2010). A retail business such as Target needs to do a risk assessment to establish the types of risks being faced by the organization. The risk assessment process starts with the identification and categorization of risk factors. High customer interaction of the retail businesses like Target, need to identify risk as a continuous basis effort over the lifetime of the business (Mandru, 2016). It important that the business leaders, set goals and priorities for the risk management system.
Example of opportunities can be market growth and changing lifestyle. While threats are the external factors and elements that can cause trouble for business and challenge the organization 's performance. Most of the threats can be economic dropdown, competition and government regulations. (Pickton,
Given the risk considerations provided in the RCD tool and the Portfolio Theory, the next step should be understanding the available risk/return metrics and determining an optimal mix of assets. Risk Metrics and Advantage/Disadvantages There are two risk metrics used in the model, Conditional Tail Expectation (CTE) and Value at Risk (VaR). These two metrics both look at the tail of the distribution. VaR is a measure of particularly poor outcomes in a stochastic projection. Its major shortcoming is its lack of statistical coherency.
Television Violence Television has had an enormous contribution on how the world has changed and how we perceive it. There are hundreds of channels and a vast variety of genres to choose from in just a click of a button; however what you choose can really have an effect on you. People believe that television violence has a negative effect on society because it promotes violence. No doubt, I can agree with what these people believe, that television violence does have an effect on society because people will become more vulnerable, children will become more liable and people will become more aggressive involuntarily. Vulnerability is something that we should not show, as it is a sign of weakness.
Cyber threats continue to plague governments and businesses around the world. Cyberwarfare is Internet-based conflict involving politically motivated attacks on information and information systems. Normally there are two purposes of Cyberwarfare, espionage or sabotage. Cyberwarfare attacks can disable official websites and networks, disrupt or disable essential services, steal or alter classified data, and cripple financial systems. Cyber operations can also aide military operations, such as intelligence gathering and information warfare.
Insurance is the equitable transfer of risk of a loss, from one entity in exchange of money. In today’s world, it is difficult to find a person who is not fully insured. Thus, insurance is a means to manage possible risks, as no one wants to face any type of a loss. It is evident that the insurance companies are now profiting to a greater extent since everyone wants to be on a safer side and avoid risks. This has in turn helped in the economy’s development and growth.