Identify three types of sensitive information involved with each situation. Then, describe three ways in which each information item could be misused or harmed. For each of these, note at least one likely finding that you would include in a risk analysis report of the organization. Finally, answer the questions at the end.
|Situation 1 – Online Banking System | |Information Affected |Potential Harm (Risk) |Likely Finding in Risk Analysis Report | | |Damaged hardware – Hardware can be damaged from environmental disasters and |This is something that every bank needs to plan for and should be on risk | | |cost the bank money in repairs and in down time. |analysis report | | |Misuse of either software or hardware can cause systems to fail. |I would say there is a high chance of this appearing on a risk analysis report. |
|Situation 2 – Facebook Page | |(organization or personal – specify which) | |Information Affected |Potential Harm (Risk) |Likely Finding in Risk Analysis Report | |Personal Information |Identity
The current debate regarding whether or not premarital sex is risky has been a major controversy in the following years according to the Australian Study of Health and Relationships as every society, every culture and every person will perceive the statement in a different manner. Many would agree that premarital is risky because of the results of unexpected pregnancies and also the cause of conflicts due to cultural and religious differences. However, ultimately we must realise that there are also many reasons that would…
programs, so they were adding such programs in their own networks. To maintain its profitability and position in the industry, the company needed to make a change to its previous “broad viewer” strategy and focused on specific segmentation. External Situation Analysis (See Appendix 1 for full listing.) Competition among networks for ad was fierce. In the free market with hundreds of networks, any special programs that were more attractive to viewers would be imitated by other networks, just as CNN…
power was dominated by one giant chaebol, or family-owned business group. Shareholders in South Korea did nothing to effectively monitor the system and the chaebol was largely in debt, almost twice the United States (pg. 41). South Korea had borrowed risky money and companies were now in danger of failing, especially effecting the U.S. through Kia, the car maker who had invested heavily into the U.S. market. South Korea slowly started to crash and there was a problem with trying to finance foreign debt…
Too Much Corporate Debt?” In “Is There Too Much Corporate Debt?” reading, the author addresses an issue about corporate debt has increased tremendously. The author Ben Bernanke focuses on two aspects: both “micro” and “macro” to evaluate the debt situation. Because interest payments are tax-deductible, firms borrow more on its long term debt. The higher leverage of a company also encourage people to work harder in order to increase its profit, as well as pay off the interest payments. To answer the…
both subjective and objective sides. Objective: probability of state of nature may be its relative frequency if and when the risky decision is repeated a large number of times Subjective: simply be the gut feeling of the person making the risky decision. All probabilities add up to one (1) Payoff: the financial reward in each state of nature (to the person who takes risky decision) It is the value you get after a decision. Probability distribution: the full list of all possible payoffs and the…
controls associated EX. To address completeness in the revenue cycle what would you do? General signs of risky processes Ethical issues Fraud triangle Illegal practices Purchase Cycle Business process map More complicated than revenue because it is related to obligation Concept checks Payroll Sequential processes- business process map Concept check problems List of signs related to risky…
prefers a certain given income to a risky income with the same expected value. Risk neutral is indifferent between a certain income and an uncertain income with the same expected value. Risk loving prefers an uncertain income to a certain one, even if the expected value of the uncertain income is less than that of the certain income. The risk premium is the maximum amount of money that a riskaverse person will pay to avoid taking a risk. The demand for risky assets A risky asset provides a monetary flow…
lending products which the individual may not be able to. 3) Information Asymmetry – Information asymmetry exists in a situation where one party in a transaction has more information than the other party. This often happens in transactions where the seller knows more than the buyer, although the reverse can happen as well. Potentially, this could be a harmful situation because one party can take advantage of the other party’s lack of knowledge. In a direct finance scenario a potential borrower…
(between risks), but they will be framed either positively or negatively. Summary of risky choice framing People prefer certainty in the face of gains and uncertainty in the face of loss People exhibit RISK TAKING in the face of losses and RISK AVOIDANCE in the face of gain. Losses loom larger than gains. Best explanation of risky choice framing comes from prospect theory. Huber & Puto (1983) Situation 1 Battery A: lasts 22 hours and costs $1.80 Battery B: lasts 28 hours and costs…
current situation. After a lot of consideration, we at Sophocles and Plato LLP of Republic Chambers believe that the best way to resolve your dispute with Motor Services (Medway) Ltd would not be through the use of litigation as you stated your intentions in your case file however would be to engage in an alternative dispute resolution (ADR) first, with litigation being a final resort. Our professional opinion noted that mediation would be the best process to use for your specific situation as will…
