Security and a Recommendation Memo to the CIO - Business Plan Example

Banking Solutions Inc. is currently facing significant information security problems. The sensitivity of its business operations requires the use of highly secured information systems. An information security plan has been designed to help solve the problem. The plan incorporates three key technological security programs. These include firewall protection technology, account lockout technological process, and a remotely controlled access technology. A combination of these technologies would ensure that all possible threats to the organization’s information are mitigated.

The security plan will ensure that security on information is promoted with respect to the organization’s policies and government regulations. The main objective will be ensuring continuity of the business, minimizing information security risks, and maximizing the returns on investment (ROI). A close analysis has shown that although the investment cost would be relatively high, the financial benefits would be high. This is because the number of risks would be minimized greatly. Investors are likely to be attracted to the business because of the increased profitability and decreased risks of losses. This follows the fact that security controls would be in place to increase customer confidence as well. It is therefore recommended that the plan be reviewed the soonest possible in order to facilitate the necessary steps for implementation. It is also advisable to initiate any changes on the plan where necessary to perfectly meet the organization’s needs and budget especially given the prevailing changes within the business environment.