Sample Business Studies Paper on Security Risk Assessment Archives – Business Protection Specialists

Security Risk Assessment Archives – Business Protection Specialists

Introduction

Technology has improved our lives but also brought with it adverse effects. Prevention is better than cure, and measures should be implemented before it becomes catastrophic. Integrating technology into every aspect of our lives has put us at risk of information security. Cyberbullying is a significant risk experienced in our society. Research recently shows that individuals’ data are manipulated and even stolen in our society. Others are even going to request ransoms to return the stolen data. After collecting and analyzing data on various risks in my community, it was evident that information security risk was the most popular. The threats were determined through the analysis of collected data.  Mitigation mechanisms implemented to curb the menace were determined after evaluating their effectiveness. We were also a consideration on the cost of the mitigation mechanisms employed.

Information Security Risk.

Information security risk is the unauthorized use, disruption, modification, or destruction of information. Such an incident threatens life, disrupts business, violates privacy, damages assets, and facilitates other crimes such as fraud. Information security is often modeled using vulnerabilities and threats.

Problem Statement

The rapid growth of technology, including smartphones, leads to information security risks, including cyberbullying. As mobile subscribers’ increase, security threats also increase. Protecting the security and privacy of data is our society’s primary challenge. Social Network Systems (SNS) pose risks to the users. Easy assessing of information has made SNS prone to information security risks.

Purpose Statement

This plan aims to develop different mitigation mechanisms that can be used to curb information security risk. Recently cases related to information security risks such as cyberbullying and fraud have been reported, and measures should be taken before it turns catastrophic.

Demographic and department information.

Data obtained from the department indicated how various demographics are affected by multiple risks in our community. The risk that had involved a large number was the information security risk. The data and information asserted that almost half of the individuals, organizations, and institutions had undergone effects caused by this risk.

 

Analysis of Community Demographics and Risks

Analysis of the community demographic and risks implied various community-related risks affecting multiple groups. However, information security risk was the leading of all the identified risks. The demographics indicated that those in urban areas were more affected than those in rural. Other organizations had more fraud cases due to information security risks than the federal government. The government was less dramatic.

Risk Prioritization and Potential Community Effects

After analyzing and scrutinizing data that the risk department collected on the various risks affecting the community, risk in the society was prioritized. The analysis indicated that information security risk was the most rampant risk. Most of the residents in the community and other organizations and institutions suffered this risk. This risk’s potential community effects included fraud, cyberbullying, and threats.

Mitigation Tactics and Strategies

Following mitigation tactics and strategies should be applied to protect our data from theft and manipulation,

Keeping software updated

Software used by individuals or companies should be frequently updated to prevent hackers from creating new N days that can cause severe damage. Updates should be applied once they are available. Computerize the interaction when possible, so frameworks needn’t bother with regular danger checking; use seller gave update benefits instead of getting to them straightforwardly for affirmation of legitimacy.

Restricted Access

Safety efforts ought to be taken to secure restricted admittance. Allot advantages depend on hazard openness and as needed for task support, including utilizing a Privileged Access Management (PAM) arrangement that can mechanize credential accreditation and fine- gained access control.

Avoiding single-factor authentication

Remember multifaceted validation for your danger moderation plans. It is fundamental for associations to progress away from single-factor confirmation, like passwords and PINs. Passwords can depend upon helpless client decisions because they are not challenging to recollect or know the appropriate response rapidly. They are additionally vulnerable to accreditation robbery, regardless of whether it’s not on your framework like many individuals accept! The primary way you’ll never get hacked again is by utilizing a two-venture confirmation process that incorporates something that you have (a security token) and something that you know (your secret phrase).

Disaster Recovery Plan

Information misfortune is a genuine chance. It’s with regards to catastrophic events or digital assaults yet, in addition, human mistakes and equipment disappointment. The typical expense of personal time for an association is $5 million every hour, with many of these expenses is lost income.

Network protection experts should have a significant danger moderation procedure to make, survey, and exercise a framework. The danger moderation plan should get fundamental data, techniques, and logs to guarantee the movement of exercises due to unanticipated events. For additional protection, fortifications ought to be encoded, taken care of offsite separated. At whatever point the circumstance permits, support complete recovery and reconstitution of systems and gadgets, perform periodic testing, and evaluate support plan update as important to oblige the reliably changing association environment.

The five E’s (emergency response, engineering, enforcement, education, and economic incentive) of prevention and mitigation can be applied to prevent and relieve information security risks.

 

Budget Requirements and Funding sources.

The budget estimation for the execution of the whole plan is about 15 million dollars. The funding sources to achieve this budget include funding from the federal government and the government department responsible for dealing with risks. Funds can also be sourced from grants and donations from well-wishers.

 

 

Reference

Security Risk Assessment Archives – Business Protection Specialists (securingpeople.com)