A Report For The Management Team Of An Organization Of My Choice

The Royal Bank of Canada experienced some fundamental managerial errors in May 2003. It was reported as a major “glitch” that had been caused by wrong configuration during the installation process. A simple problem had severely affected the lives of millions of people. In this essay I will discuss the security and control problems such as the simultaneous upgrade of both the main and back-up systems. This will lead into the strategies management could have used to prevent these problems happening in the first place and what they can do differently in future. I will also explain how management neglected the public relations side of the issue which had customers questioning the reliability and stability of Royal Bank of Canada ultimately

The Halifax was the largest building society and was the leading mortgage and saving company with a 22 per cent share of mortgages and 16 per cent of retail savings in UK. The Halifax over-relied on mortgage and savings while the mortgage market in particular during that time was becoming more and more competitive. The Halifax had been offered a unique opportunity to transform itself from specialising in mortgage and savings only into a broad based commercial bank, particularly in the corporate area by the Bank of Scotland. HBOS was then formed by the 2001 merger of Halifax plc and the Bank of Scotland. It was established as one of big four UK retail banks and also the largest mortgage lender in UK. However, HBOS now is a banking and

In today’s IT world every organization has a responsibility to protect the information and sensitive data they have. Protecting data is not only responsibility of security and IT staff but every individual is involved in protecting the information. The risks to information security are not digital only, but it involves technology, people and process that an organization may have. These threats may represent the problems that are associated to complex and expensive solution, but doing nothing about these risks is not the solution.

Whitman, M. E., & Mattord, H. J. (2010). Management of information security (3rd ed.). Boston, MA: Course Technology.

The risk of financial sector in the United States of America has become increasingly more apparent and more diverse to the United States over the last few decades partially because of the advanced computer and cyber based accounting networks that the Nation has shifted to. The security of our financial systems is absolutely critical including being one of the primary concerns and directly

Andrew Bailey (2013) “The future of UK banking - challenges ahead for promoting a stable sector”. Bank of England [online]. Available from:

Barclays Bank, one of the biggest multinational banking and financial services companies in the world, headquartered in London. Barclays is the oldest bank of British, and it has a long history more than three hundred years, which can be traced to 1690. Barclays is the first bank in the world that owns the Automatics Teller Machine, and issued the first Visa card in 1966 and the first debt card in 1987 of British. Up to 2012, Barclays was the seventh biggest bank in the world with the total asset of £1.49 trillion.

Research Objective: The main theme of this research paper is to protect sensitive information that any organization or business possess. With community’s increasing reliance on information systems and technology there is scope for security breaches, more likely to happen. Not only monetary loss it can create damage to information assets that has sensitive data. To secure these assets from any internal or external damage organizations has to follow proposed rules and guidelines. Also security responsibilities

The purpose of this assignment is to help me make a decision in my workplace on whether we should provide the Organizational Management Report (OMR) or OMR summary or both version reports to each organization who eligible to receive a report. There are two factors that we need to consider before we make the decision. The first factor is time. How long will it take us to populate five hundred and twenty full versions OMR and OMR summary? Our office has promised to provide the report by the second week of October. The second factor is the ability to understand the report. The majority of the managers and leaders find an OMR is a little overwhelming since the OMR has a total of forty pages. The majority of the manager and leaders do not have much time to spend on the report. On the other hand, there are organizations that want to have an OMR which allow them to manipulate the data and create their own survey report.

While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain

In this paper, I will identify security threats that Bank of America faces today. In addition, I will describe the techniques and processes used to identify the vulnerabilities and threats, describe risks to the information and related vulnerabilities within Bank of America when utilizing components of the web. Discussions on BoA safeguard against legal issues will be addressed followed by the types of social data that potentially cause problems for this bank institute. In conclusion, I will explain the legal, ethical, and regulatory requirements Bank of America utilize for the protection of the organization.

Personal banking * Corporate banking * Premier banking * International banking * Private banking

The purpose of this security plan is to elicit the potential threats to an organisation physical and electronic information holdings. Organisations in general are starting to take information security more sincerely due to the proliferation of mobile services, VPN connections, terrorism and natural disasters. We must however acknowledge that this very technology advancement is regarded as efficient but is also leading to a higher level of security risks. These risks must be mitigated to ensure the confidentiality, integrity, and availability of information assets. (The SANS Institute. 2007)

Safety of information is the most valuable asset in any organization particular those who provide financial service to others. Threats can come from a variety of sources such as human threats, natural disasters and technical threats. By identifying the potential threats to the network, security measure can be taken to combat these threats, eliminate them or reduce the likelihood and impact if they should occur.

The building societies are the greatest direct competitors to banks for personal customers. The Building Societies Association (BSA) is the trade association that represents all of the UK’s 52 building societies.