Introduction
Cyber security/vulnerability and immigration are some of the aspects that have raised concern in the recent past and significantly affect the ability of organizations in meeting their set objectives and goals. The current global setting has made our global economy highly sensitive to information as any form of security failing that may result in a long-term expense to the business. The situation will negatively affect consumer trust as well as spoil the overall reputation of the organizational brand. Some of the aspects influenced by the cyber threat and immigration challenges include management of sensitive consumer information and the use of corporate intellectual property among other critical issues. Therefore, a business organization that invests in information technology as an approach to curb insecurity enables organizations to be in a position to manage the challenge (Merchant & Van der Stede, 2012).
Cyber security as a vital element that should be addressed by business organizations, especially by the executive board as it has a great impact on business performance. Hence, the traditional approach used by the group to curb the menace is not adequate for the development of firewalls and anti-virus are embraced (Fugini et al., 2016). Therefore, it is imperative to appreciate that a better approach should be employed that guarantees the management of efficient organizational structure among other critical issues.
Protecting reputation
Management control
Despite the presence of network security devices such as firewalls and other security appliances, today's corporate networks are still vulnerable to both internal and external attacks by hackers intent on creating havoc. By proactively
The proficiency and efficacy of the cyberspace in its application in accounting, finance, system designs, manufacturing etc., cannot be denied nor neglected. The reality of the twenty-first century is simple; no organization can survive without the adoption and implementation of the mechanism of information technology to their area of business. On the contrary perspective, there are several challenges that are associated with the cyberspace, among which is majorly cyber security. Recently the hackers’ activity has really skyrocketed and has become a major concern for organizations, states and federal governments and even international organizations. Several regulatory schemes are put in place to mitigate the activities of hackers across the globe.
CIS 500 Week 6 Case Study 1 - Cyber Security in Business Organizations - Strayer University 2015 Version NEW
Many companies have several locations that are statewide as well as international. The threat to the company’s security policy is that much greater because of the company’s expansion; this has placed the company’s information at a higher level for security breaches. The company needs to stay up-to date with the latest technology to make sure the company information can be accessed to all of their locations efficiently. Organizations that have global operations have a harder time effectively securing their information. The Internet is one of the common ways that an international company uses to conduct business; because the company can use their website to post information.
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.
Today, businesses both large and small face immense cyber threats and must continuously evolve to
West, J., & Mar, S. (2017). Fundamentals of a cybersecurity program. Internal Auditor. Retrieved from
Regulation workings on civil procedures and constitutional limitations on technology innovations as well as information access are slow. One main issue remains by the time the government can agree on the written law regulating cybersecurity regulations nationally it will be outdated due to the ever changes in cyber-attacks, viruses, and computer processing power (Maitra, 2015). Furthermore, the government’s regulations and controls are incapable of protecting their networks. The federal government alone had 65 cyber security breaches (Neal & Ilsever, 2016). Because of the government failing to protect its networks, the private sector cannot rely on the government and needs to be responsible for determining the business organizational standards for the private sector. Developing management practices and a company culture to deter cybercrime, protect company information, and develop cybersecurity requirements to protect all legal rights. Developing internal cybersecurity will not only set company standards, but will develop strategies to protect new legal territory since innovations in technology governs current practices when dealing with civil rights, employment, environmental, and labor laws (Neal & Ilsever, 2016).
Information security enabled by technology must include the means of lowering the impact of intentional and unintentional errors entering the system and to prevent unauthorized internally or externally accessing the system actions to reduce risk data validation, pre-numbered forms, and reviews for duplications. It is crucial that the mission plan include the provision of a disaster recovery and business continuity plan. On the other hand, there is much more intrusion activity today than ever before. Obviously, there is an increased concern for attacks through companies’ network in an effort to either commit malice or affect the integrity of an organization’s most valuable resource. Therefore, it is important that companies do not get complacent in their IT infrastructure security. The fact of the matter, there is no perfect system; however, it behooves organizations to protect their information by way of reducing threats and vulnerabilities. Moreover, Whitman and Mattord (2010) said it best, “because of businesses and technology have become more fluid, the concept of computer security has been replaced by the concept of information security. Companies
Now a day, companies are focusing and investing more on IT security, where the company’s and customers’ personal and financial information managing and storing. Certainly, more cost involves in this process. Companies who failed in security breach prevention paid and paying huge amount. Example for this is Target. This multinational grocery stores company’s data breached in 2013 this affecting its business. Furthermore, by 2015 nearly 1000 Target employees lost their jobs and the company is facing legal suits from bankers and customers.
As technology grows and information has become a critical asset companies currently are devoted their resource and money to protect their data as important as their finance and human resource assets.
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
At this stage in evolution, society cannot escape its dependence on information technology. The need to protect sensitive data will continue as long as this persists. Amazingly, a recent poll of 4,100 enterprises revealed that 70-percent didn’t have a contingency plan for cyberattacks. The firms reported that they had the resources to purchase what was needed to secure their networks, but couldn’t find trained specialists to deploy the
Organizational structure plays an important role in the implementation of different types of strategies including cybersecurity. This is because the structure of an organization establishes a clear understanding of the processes required to achieve a given strategy. Organizational structure describes an entity’s internal pattern of communication, authority and relationships. It clearly outlines the manner in which power and authority within an organization is granted and shared as well as the role that different members of an organization should play. Organization structures often vary from one organization to another. This variation often depends on the size of the business, the industry within which the company is operating in to mention but a few. This means that the cybersecurity functions and mandate often vary from one organization to another. Implementation of cybersecurity is likely to be successful in organizations whose structure is formal and well-defined as opposed to those with an informal structure. Within a formal organizational structure, the roles and responsibilities of organizational leaders and other members of the organizations are usually well articulated. A formal
Governments, organizations and companies co-operate to secure cyber space. In fact, the prevention of cyber criminal activities is the most critical aspect in the fight against cyber crime. It’s mainly based on the concepts of awareness and information sharing. A proper security posture is the best defence against cyber crime (Paganini, Perluigi, 2014)