By making it completely legal, enforcing insiders to report or disclose that they are insiders may help the unfair and negative connotation insider trading is associated with. This would make both sides more transparent during transactions and be able to see how insiders are acting in the market. In every area of life, something is going to have the advantage in some way. There is no way to avoid that. Ultimately the stock market depends on how investors will act to the information that is available to them.
Another security possibility is to examine every supplier of even the smallest parts of network equipment and to make sure they are reliable, cause their equipment is going to access huge amount of secret data. Moving on to the more cyber-related risks’ solutions, IT specialists should avoid unsecure KVM switches. Every KVM switch use with confidential data creates an opportunity to leak data. The best way to secure it is by using KVM switch only on isolated systems – it would leave no
The employees will be concerned as to where these cameras are placed and how often they are being monitored. Some companies will also peruse through employees emails so as to prevent industrial espionage. Industrial espionage is the process of illegally and unethically obtaining confidential information from other companies. Many employees will feel that this is a serious invasion of privacy and may not agree with it. This resulted in the Wiretap Act 1968 being implemented into businesses that required monitoring of their employees emails and other technological forms of communication.
Insider: An insider an employee of an organization who holds a designated post in the organization and possess critical information about the organization that if publically traded can change its market value. In U.S anyone who attains ten percent or more voting shares of the organization is naturally considered to be an insider. Taking advantage of non public information for personal gain is strictly prohibited. Maher Kara is yet another example of an insider. He is a trusted employee of Citigroup’s healthcare investment banking group and is well aware of highly confidential information about mergers and acquisitions involving Citigroup’s clients.
However, it has been largely underestimated in the modern society with 85% of firms in the modern times being forced to experience an internal incident regarding their information security and websites. These incidences are sometimes serious as some firms end up losing their sensitive information to unauthorized individuals and others having their systems destroyed. Some surveys done in the recent past by Panko (2008) reveal that the most common types of threats to system security from inside a firm involve vulnerabilities and flaws existing in software applications, unintended leaks of data due to errors caused by human beings, and the theft or the loss of mobile and handheld
Beside, analyst would receive market-moving material and they should beware of Insider Trading law when receive those material. Insider Trading is the trading of a company stock or securities by individuals with access to material or non-public information. It usually associated with both legal and illegal conduct. The legal version occur when corporate insider such as officers, directors, and employees buy and sell stock within their own company. Illegal insider trading refers as buying or selling securities in breach of fiduciary duty, trust and confidences while holding the material and non-public information about the securities.
3.1 Information Security So many cybercrime that could happen in every company or organization by cyber criminals. They could do anything to our important information like manipulate our system and important informaton, steal sensitive information to get their own profit or steal our identity to get bank account if our security isn’t strong enough. So information security is a thing that must be considered. Information security system has three fundamental objectives that is : - Availability To ensure the valid user always have an access to the important information and it’s own resource and ensure the unauthorized user cannot get the access to own information. Lets take an example : give a password to your own personal computer so people
We can see that the case of cyber attack keep increasing from year to year. Therefore the role of internal auditor are really important. They need to assisted the organization to prevent this risk from occur in their organization. If the cyber risk has been detected, internal auditor should help the organization to take immediate corrective action to overcome the problem. Therefore, internal auditor should have knowledge on computer system so that they able to perform their responsibility
Introduction:- Today organizations are facing with a wide range of potential threats to their information security (IS), are increasingly interested in high level security of it. One of the best ways to estimate, achieve and maintain security of information is an Information Security auditing. Auditing is a complex and many-stpes process involving high-qualified experts in IS, what makes it a quite expensive process. There are many types of audit, including certain security standards (e.g. ISO 27K) compliance audits.