Risk Assessment Of Software And Mobile Application

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.

This article gives a synopsis of threats to the mobile devices and the data existing in them and the available defenses. It classifies seven different types of threats on mobile devices and then it discusses about the precautions that can be taken to avoid these threats. It recommends how to prioritize the different threats and defenses.

There are two main types of risk management assessments. They are qualitative and quantitative methodologies. With the qualitative methodology, a relative values are used to determine the probability and impact of a risk (Gibson, 2011). This type of information can be collected quickly. A quantitative risk assessment is used to estimate how much money would be lost should a vulnerability be exploited (Vanderberg, n.d.). With the quantitative methodology, actual dollar values are used. It can take a time to gather this type of data. Once the data is gathered, however, a math formula is used to determine the priority of risks and in turn show the results of controls (Gibson, 2011).

Abstract – Software Security is the need of the hour today, especially when we have so many of our day to day activities depending upon computers, internet and software’s. These technologies are of utmost importance even for the most basic activities like banking, trading, shopping, social media and communication, which uses different software tools to provide service to users all around the world. Migrating to this tech world has made it a necessity to provide a high quality of software with equally good security. Systems nowadays like a banking system deals with highly sensitive personal information, so providing software security is as much important as the development of the software. The course project required us to develop a secure banking system which helped us to learn about the various software security tools and the get knowledge regarding the current trends in the field, what can be the possible attack vectors , attack patterns and how to mitigate their effects and defend the system against various such factors.

Computer technology has been evolving rapidly ever since it was first invented. While computers evolve rapidly; the cybersecurity practices in place are not adequate to meet the growing demands of this new technology. According to Pew Research, as of 2015 68% of adults in the US currently own smartphones. This number is up from the 35% of US adults in 2011 (Anderson). This trend is subject to continue as these devices become more integrated into everyday life and become more available to the general public. These devices update frequently and are always connected to the internet. Due to these factors mobile devices are common targets for malicious activities such as hacking. Major data breaches have also become a common feature in the news,

Any severity between 4 and 5 must be remediated immediately before addressing 1 and 3. The risk concept shall be adopted that defined risk as the likelihood of a threat exploiting vulnerability. Risk refers to the exposure to harm and loss.

1. What is risk management? Why is the identification of risks, by listing assets and their vulnerabilities, so important to the risk management process?

This paper explores the most significant security vulnerability that information technology (IT) professionals face in the future. It provides definitions, dissimilarities between vulnerabilities, risks, threats, and risk along with real-world examples of each. This conclusion is the result of several research reports from various sources, to include IT professionals such as the Apple Developers who propose that there are several variations of vulnerabilities which exist, Microsoft, and The Certified Ethical Hackers Guide. This paper also examines four variations of vulnerabilities described in various articles reports, and websites and gives real world examples of each. These descriptions and examples also define as well as illustrate the vulnerabilities albeit each article has its own conviction as to what the greatest security vulnerability is facing IT professionals. Nevertheless, all vulnerabilities have a commonality discussed in the IBM Security Services 2014 Cyber Security Intelligence Index (2014). The IBM Security Services 2014 Cyber Security Intelligence Index establishes the correlation between the variations in vulnerabilities: Humans and human error.

Digital communications technologies, such as the Internet, mobile smartphones and WiFi-enabled devices, have become part of everyday life. By dramatically improving access to information and real-time communication, innovations in communications technology have boosted freedom of expression, facilitated global debate and fostered democratic participation. The security risk assessment is an on-going process of discovering, correcting and preventing security problems. The risk assessment is an integral part of a risk management process designed to provide appropriate levels of security for information systems. The threat from cyber criminals and hackers has increased; as our dependent develop, prospect for them to prey on us are boosted. The cyber fraud is among the fastest growing form of crime in the world

World is totally moving in fast pace with the inventions of applications or software using new and advanced technologies every day. Despite these rapid developments, emerging software is liable to security risks very easily. Also, software related security breaches have become very recurrent; it causes the end users more irked because of a vulnerability posed to software is very perpetual nowadays. It is now a very

One of the greatest problems that we experience in our daily lives that has been brought upon us by Information Technology (IT) are security problems, these include but are not limited to weak passwords, the same password for everything, viruses, and lost PDA’s. These problems are dangerous and put the business in a state of vulnerability where they are more liable to be hacked.

In this essay, I will be talking about Risk Management. What is Risk Management? Risk Management is identifying potential risks that could arise whilst developing a software product and taking specific measures on how you could prevent these risks from occurring. Risks not only have an impact on software product, but also have an impact on the overall project and the business organization, therefore it is important to know what a risk is and how to minimize it. (Sommerville, 2010)

Information security risk assessments aim at ensuring that the security controls are in place at an organization are fully equivalent to the associated risks faced by it, and secure its information assets in the most efficient and effective manner, all within budgetary limitations (Elky, 2006). Hence, risk is assessed by identifying threats and vulnerabilities, then deciding the likelihood and impact for each risk. There are quantitative and qualitative forms of risk measurement.

Risk management is an organized process to identify, analyze and control risks in any organization. Today’s world is all about using information technology in almost all facets of human life such as business, education, health care or banking. No one will argue that today success of any business enterprise mostly depend on its capacity of handling risks in the best possible way. Risk management is a continuous process which involves different steps and processes. In this paper, definition of risks and management is discussed in detail. Risks associated with business organizations are discussed. Particular emphasize is given on discussing risks related with using, operating, involving or adopting information technology within an enterprise or organization. Also, different steps in IT risk management process are discussed with detail explanation. Moreover, necessity of risk management is discussed.

Today,mobile devices are becoming important in everyone’s life and these are playing a crucial role in peoples life and work.smart phones and tablets are used by people as work tools in place of desktops.Now-a-days,there is a rapid increase of usage of mobile devices in business and enterprises for their growth.Features of mobile devices is changing a lot and because of those some features threats are also increasing.security issues are becoming complicate towards mobile devices.