Information Technology And Security Gaps Of The Bank Solutions Inc.

All companies in today’s world need a disaster recovery plan in place to prevent risks of losing important information that may lead to loss of business, privacy issues and disruption in everyday operation. Each company, however, basing on the types of information housed and structure of the company can have different disaster recovery plans in place. There is not a one-size-fit-all plan out there that satisfies every company’s purpose. In this case, our client is a medium-sized federal contractor in need of a plan for system and network recovery with special stress on the need of natural disaster prevention measures. In the subsequent sections we will detail the objectives of the disaster recovery plan, scope and capability of the plan and

Abstract— In business, disasters can happen anytime if information security is compromised at some point. In most of the disaster caused by humans, small incidents happened before can be prevented with some careful planning. Proper incident response should be integral part of overall security policy and risk mitigation strategy. This paper provides steps forming and operating Incident Response Plan.

Confidentiality is the privacy measures taken place to ensure information is kept away from certain people while available to others that are authorized. Examples of methods used include data encryption, biometric verification, security tokens, soft tokens, key fobs, and the most commonly used user ID and password. More extreme measure are taken for more important or dangerous information.

The benefits that come from this document, is its ability to provide a guidance for responding to a number of possible problems, such as bad weather, hacking of digital information, interruption of third party services, etc. Consequently, this framework will help organizations prevent huge financial losses, sensitive data, and other important assets (Martin, B. 2002).

Data recovery is one of security planning that enable the continuity and recovery of data and technology after a natural or human-induced disaster (..) Businesses nowadays face multiple attacks, thus, data recovery is essential in any business continuity plan. This paper will discuss the security threats that businesses are facing and the appropriate data recovery strategies that come with.

One of the biggest issues regarding cybersecurity, is how technology is rapidly and constantly evolving. The traditional approach has been to focus most resources on the most crucial system components and protect against the biggest known threats, which necessitated leaving some less important system components undefended and some less dangerous risks not protected against (Rouse, 2010). Adam Vincent, CTO-public sector at Layer 7 Technologies (a security services provider to federal agencies including Defense Department organizations), describes the problem (Rouse, 2010):

Though the cost of mitigating risk can be high, the lack of proper business continuity planning and disaster recovery planning will leave a company is at risk of a catastrophic loss of revenue due to the loss of the Information Systems. Any company that relies on its Information Systems for their operations should invest the time and revenue in developing an efficient and effective Business Continuity Plan (BCP) and a Disaster Recovery Plan (DRP). This study will compare the differences in what a Business Continuity Plan is used for and what a Disaster Recovery Plan is used for. Additionally, it will evaluate the risk having a Business Continuity Plan and Disaster

This document includes the disaster recovery plan and related contingency requirements for Jeeb’s Band and Trust. It consists of detailed written practices and procedures to mitigate interruptions to “critical information systems” and the “loss of data and services” from the effects of natural or man-made disasters. The DRP applies both major, usually catastrophic, events that deny access to the normal facility for an extended period, and to less catastrophic events that may deny access to only portions of the facility or certain systems. The DRP is an IT-focused plan and therefore may also be referenced as a Technology Recovery Plan which has been designed to restore operability of the designated systems and applications in Jeeb’s Bank and Trust’s data center facility at an alternate site (or within the existing facility if not a total loss) after an emergency.

For the recovery of business functions using IT infrastructure, restoration of the work area (including associated technology), replacement of personnel (resulting from loss of personnel following a Pandemic) and business application systems must be performed. BU/Department strategy may choose to leverage or align with a corporate recovery strategy and be aware of any initiatives, corporate or otherwise, to ensure economies of scale and cost are leveraged accordingly. During the recovery period, the site will need to maintain business critical processes and procedures where possible, and stockpile transactions while waiting for systems restoration. There may be a loss of data due to the timing of backups and their availability at offsite storage after a disaster event which is

During the BIA a threat assessment should be conducted to determine the impact a disastrous event would have on the organization. According to Bosworth, disaster recovery scenarios are lists of specific threats that cause specific damage which is then categorized by the scope of damage it is known for. Once the characteristics of specific threats are known, then mitigation measures can be applied (Bosworth, Kabay, & Whyne, 2014). After reviewing

When it comes to technology and security threats, the employees working with information systems and technology have a great weight on their shoulder. It is their job to create mitigation plans to reduce risk exposure, so a company can have a quick recovery if something unforeseen were to arise. They have the role of designing, provisioning, and executing these recovery plans to keep the company from major failures. Some ways risks can be mitigated are by the Murphy’s Law and risk assessment, backup/recovery, disaster recovery, and business continuity plans.

Hence, it is important to have information and data security at place that will address the key issues for the organization. For this purpose, the information security of the given organization should be based upon certain principles that include – confidentiality, availability, integrity, and accountability.

In an information systems, there are many different types of threats that can affect a business on a day to day operations. Once there is a plan set for contingencies, disasters, many different attacks, and other potential causes of service interruption. The next step for a business to develop a disaster recovery plan and have a continuity plan.

One of the potentially risk-posing conditions for Bank Solutions is the fact that plan participants do not have copies of the DRBCP. Moreover, the participants have not been well trained to handle the plan. They are not conversant with the procedures and implementation of the program. As the live arm of the organization, the plan participant’s team ought to be well conversant and updated with the full information contained in the plan. They ought to have received accurate, sufficient training on the statutory implementation of the program. In the case of an event that compromises the bank security, Bank Solution 's may not have the ability to recover from a disaster and get

There are many considerations when selecting a location to conduct business and this decision should include more factors than cost alone. The selection process should also include a risk analysis that examines the additional risks associated with the physical security as well as risk brought about by natural or man-made disasters. By employing such consideration not only protects an organization’s assets, but also provides a roadmap to develop methods and procedures for the successful deployment of physical access controls as well as the development Disaster Recover plans (DRPs) and business continuity plans (MMB, 2012). This may be a daunting task to complete as there are a large number of variables that can disrupt