The Current It Threats That We Might Face Essay

Threat: is potential problems/risks caused by external factors which can lead the bank/business into risk or unsuccessful. It occurs when the business face intimidation from competitors or other factors which lead to the operation cannot attract customers effectively/ efficiency. Then, it reduces profit/sale volumes. (Pride, W. M. 2011, p. 52)

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.

A threat is defined as a potential cause of an incident that may cause harm of systems and organisation, or data. A potential and obvious threat is someone physically stealing hardware, or data. Physical threats are any incident that could result in the loss or physical damage to a computer system, there are threats that are pretty much unpreventable such as fire, floods, lightening, and earthquakes, and these are all physical threats that are uncontrollable. The humidity in rooms which computers are in does to an extent need to be controlled, if the room is too hot or cold if could have a negative effect on a computer system. There are also human threats such as; vandalism, theft, disruption, accidental or intentional errors.

Theft involves the taking of property or services that belong to another person. Theft differs from borrowing in that the person taking the property or services does so with the intent to deprive the owner of these items permanently. The state may prosecute the crime as a misdemeanor or felony, depending on which state the crime took place in and the level of severity. The level of severity is determined by the type of property stolen

Theft is a general term that refers to a wide variety of misconduct by which an individual is wrongly deprived of their property. Theft has been an ongoing issue for several years and is taken very seriously. Many different types of theft include property theft, petty theft, robbery, embezzlement, receipt of stolen property, and newer forms of electronic theft, such as

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).

External environment refers to external aspects of the surroundings of business enterprise, which have influence on the functioning of business. The external environment can provide both facilitating and inhibiting influences on organizational performance. Key dimension of the external environment principally consists of a micro environment and a macro environment.

In today’s world technology has evolved to the point where a large amount of information is stored in cyberspace. It is because of this type of storage people around the world have an easier time at accessing information than ever before. The time before the late 20th century gathering information was long and tedious to get a book that the library did not own would take at least a couple of weeks depending on the time period or it may not have been possible to obtain that book. But now people can access a vast amount of information in a matter of minutes. Example, in modern times if someone wanted to know about a different culture they could simple look up the information on a computer or any device that had access to

Establishing an effective Information Technology Security Policy Framework is critical in the development of a comprehensive security program. The purpose of the Information Security Policy Framework is to insure your organization will be able to provide the minimum security level necessary to maintain confidentiality, integrity, and availability of the information it collects and uses.

According to the U.S. Department of Homeland Security in the article Cyber Threats to Mobile Phones, phones are now sharing hardware and software similar to a PC and becoming each time more like a PC. Therefore, the risks of being hacked are increasing, allowing hackers to attack mobile devices the same way as if they were doing it with a regular PC. Personal and professional information are more often stored on mobile devices therefore it is imperative to have our data secure. Security solutions for mobile devices are not as broad or high-tech as those for PCs. The majority of mobile security relies on the proper use and smart choices that the user makes on a daily basis to be protected against cyber attacks. Even the most careful person can be attacked but the possibilities of that happening are less when you are proactive.

There are several different forms of cyber weapons, all of which can be used for either an attack or espionage. There are principally five common practices. The first of three attacks that will be examined is spoofing.

Information security professional’s job is to deploy the right safeguards, evaluating risks against critical assets and to mitigate those threats and vulnerabilities. Management can ensure their company’s assets, such as data, remain intact by finding the latest technology and implementing the right policies. Risk management focuses on analyzing risk and mitigating actions to reduce that risk. Successful implementation of security safeguards depends on the knowledge and experience of information security staff. This paper addresses the methods and fundamentals on how to systematically conduct risk assessments on the security risks of information systems.

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 Merriam-Webster’s Dictionary defines cyber security measures taken to protect a computer or computer system (as on the Internet) against unauthorized access or attack Most people think that hackers are just people that want to mess up your computer, but real hackers break into systems because they want to see what they can do, then they might leave a message on the victims computer, but that’s it. So, the computer security people protect from those other hackers that want to mess up peoples computers. The means we take can as individual to protect ourselves in the cyber world is be anyomous on websites, don’t post your personal information ,have virus protection install on your computer, get spy

A threat agent is the facilitator of an attack however; a threat is a constant danger to an asset.