Essay Impact of Cyber Security Vulnerability on Organizations

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.

To start off with I chose to go with our banking or financial industry. The banking industry is constantly getting attacked by various methods on a daily basis. I chose this industry because I happen to know someone who works in the security sector at Wells Fargo Bank, he was a good person to get information on what he sees on a daily or weekly basis. This paper is the opinion of myself and with gathered information from various resources.

As it was pointed out in a global security survey organizations are “haunted” by threats and that raises the concerns and demonstrates how vulnerable they are to attacks. The 48 per cent it thinks it is exposed to loss of data (information leakage) in another case 46 per cent in phishing and pharming and that pairs with the fact that the weakest link in the security system of an organization that causes failure is humans(such as employees, customers) with 86 per cent (Deloitte, 2009: 29-30). Therefore based on the information provided by these surveys, corporate intranets are the main target of internet attacks

Cyber security, also referred to as information technology security, focuses on protecting computers, networks, software programs and data from unintended or unauthorized access, change or destruction. Post 9/11 and other terrorist attacks, the United States grows its endeavors to repulse cyberattacks, U.S. corporate organizations and the government agencies wind up in strife over how to adjust to new methods of security and privacy. The current state of security measure protocols and privacy policies placed by the US government in cyberspace raises concerns for the 99%. This is due to the recent cyber-attacks on American corporate organization systems and government alike, where their digital information and network infrastructures within the systems were compromised, and personal data was hacked and stolen.

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

Computers have become part of our daily complex lives; we depend heavily on computers to help break our complicated lives down. Most people now prefer to do things the digital way and so does companies. Most of trading (buying and selling) is now online which requires computers. In order to satisfy our hunger for digital living, there is a need for technology called the operating system to carry out the activities we require our computers to do. Computers and technology come in different forms and sizes and due to the capitalistic nature of our economy everyone is allowed to come up with their own form of computer and even the technology to run it. In recent years’ companies have gained interest doing business digitally and since software have become easier to write or code, it is also vulnerable- easy for programmers to access and exploit called hacking. Hackers are unapproved clients who break into a technological framework, change or decimate data, frequently by introducing hazardous malware without the insight and assent of the host company. Companies are now at risk of losing much more than money by doing business the digital way. It is in this view that the Security Exchange

15. If a manufacturer is concerned with the breadth of the assortment its distributor can provide customers, the manufacturer is

During your part in combating cyber attacks will help policy makers address the limitations of ongoing actions against malicious traffic and determine how to implement incentives for ISPs, companies and software developers to report cyber attacks (Organization For Economic Co-Operation and Development, 2008). Everyone has a responsibility, end-users included. End-users range from home PCs to corporate web servers, they are the typical target of malicious traffic (OECD, 2008). As an IT Auditor, I found that end-user contributed substantially to cyber attacks, being intentionally or unintentionally. Internet policies are put in place to define the specific actions and guidelines that should be followed within the operations of the company. However, end-users rarely take heed to these polices, due to their lack of duty to security.

Right now, 37% of Internet users in the US are surfing the web with outdated versions of Java (CSIS, 2015). For organizations that have not paid close attention to cybersecurity in the past, now is your wakeup call. According to a recently released study, the average cost of a data breach in the United States has climbed from $5.9 million to a staggering $6.5 million per breach (Ponemon, 2015). This is enough to not only hurt many organizations, but also cause irrevocable damage to their economic standings. The purpose of this paper is to examine what the root cause for most of these breaches are. From a review of the largest breaches in the past 5 years, I have come down to this conclusion: Unpatched software is single handedly costing American organizations billions of dollars every year in expensive and embarrassing security breaches.

In today’s world it is highly impossible for any kind of business to function without the assistance of technology. Any company that relies on digital data and computer networks have exposure to a host of varying Cyber Attacks. As technology continues to evolve, cyber security breaches become even more difficult to solve. The cybersecurity world rightly believes in the maxim – It’s not if, it’s when!

The realization of potential risks to an organizations information system has been increased in the past few years. The principles of risk management, vulnerabilities, internal threats, and external threats is the first step in determining which levels of security are necessary to protect and limit the risks to an organizations information system. This essay will describe the principles of risk management as they pertain to the information system and its associated technology of Professional Security Training School. Moreover, this essay will include an exploration of the vulnerabilities of

The topic is viable for study since in the previous years, the vulnerability of organizations to cyber theft and harassment have spiked. The war on terrorism has inadvertently increased the importance of the topic mainly basing the argument on the ability of the government to protect the citizens from attack. With the

In the previous five years, cybersecurity has turned into the most looked for after calling around the world. More than 90 percent of respondents to an overview directed by the Ponemon Institute (2011) detailed being a casualty to cyberattacks amid the most recent year, costing all things considered more than $2 million for each association. This number keeps on ascending as the two programmers and security devices progress. As indicated by PwC, roughly 33% of all U.S. organizations are as of now utilizing digital protection (Lindros and Tittel, 2016).

To answer that question one must first know what the security industry is. According to Brooks (2009) security is not easily defined and can even be considered being the national military defence. To exactly know what the security industry is it therefore quite intricate. However the assumption is made that the security industry and security in general has the same needs. As previously mentioned security risk management should

Americans are becoming heavily dependent on modern day technology, which produce more vulnerability to cyber-attacks such as security breaches. Cyber security, also known as information technology security, is information security as applied to computers and computer networks. It is designed to protect networks, programs, computers and data from attacks. These attacks can lead to damages or unauthorized access to data. Computer security also includes protection from unplanned events and natural disasters. Cyber security main function is to guard computers, networks, programs and data from unintended or unauthorized access, change or destruction.