StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Information System Risk Management Paper - Essay Example

Comments (1) Cite this document
Summary
IS helps streamline business processes, guarantees efficiency, and makes the organization resilient to accept the internal and external changes smoothly…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.1% of users find it useful
Information System Risk Management Paper
Read TextPreview

Extract of sample "Information System Risk Management Paper"

Download file to see previous pages Threats to an organization can be both from internal sources and external. While the motives may vary, the system is vulnerable to several risks. This paper will examine the vulnerabilities, the potential threats and the levels of security that could help mitigate the risks and allow uninterrupted workflow.
Risk has been defined as the chance of exposure to the adverse consequences of future events (Egbuji, 1999). The likelihood and consequences have to be understood to provide for the right security measures. For a risk to be understandable, according to the Software Engineering Institute (SEI, 2006) of Carnegie Mellon University, it must be expressed clearly. This also implies that possible losses must be identified. Risks have to be assessed continuously and used for decision-making. In the field of computer technology and the information systems, technology enhancement is an ongoing process, which further necessitates continuous risk assessment. Besides, the losses due to lack of security controls could be in the areas of production, revenue, damaged reputation, and financial performance. Benefits of proper security measures could result in enhanced operational efficiency and competitive advantages (Kim, 2006). An organization must invest in IS security and know where to cut corners. They should be able to spell the difference between security success and disaster (Gupta and Hammond, 2006).
According to SEI, seven principles provide the framework to establish effective risk management. These include having a global perspective, the system should be at par with the larger systems, forward-looking view that is identifying and anticipating uncertainties, open communication – information and communication at all levels should be free flowing, integrated – risk management should be a vital and an integrated part of management, continuous – regular upgradation and constant vigil, shared product vision – having common purpose, shared ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Information System Risk Management Paper Essay Example | Topics and Well Written Essays - 1500 words”, n.d.)
Information System Risk Management Paper Essay Example | Topics and Well Written Essays - 1500 words. Retrieved from https://studentshare.org/miscellaneous/1537676-information-system-risk-management-paper
(Information System Risk Management Paper Essay Example | Topics and Well Written Essays - 1500 Words)
Information System Risk Management Paper Essay Example | Topics and Well Written Essays - 1500 Words. https://studentshare.org/miscellaneous/1537676-information-system-risk-management-paper.
“Information System Risk Management Paper Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.org/miscellaneous/1537676-information-system-risk-management-paper.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
bl
blockdesmond added comment 1 year ago
Student rated this paper as
The topic of "Information System Risk Management Paper" was hard to find. I spent ages to find it. Here at StudentShare, I got the most decent sample. Many thanks!

CHECK THESE SAMPLES OF Information System Risk Management Paper

System Information System Planning & Management

...? SYSTEM INFORMATION SYSTEM PLANNING & MANAGEMENT System Information System Planning & Management Executive Summary The purpose of this report is to highlight on the evaluation of variant technologies that Greens Lime Mouldings (GLM) intends to employ for its future prosperity. The company has maintained both stiff competition to its competitors and outstanding performances, through output provision to the customers. This report encompasses various sections such as: Introduction, which will offer a brief explanation of the company and the project’s objective. The methodology section entails different mechanisms through which the company will employ to achieve the info for success. The report findings will provide the actual issues...
7 Pages(1750 words)Essay

Healthcare Information Management System

Next force is the need to measure correctly the performance of health care providers and practitioners with the use of IT (Brailer and Terasawa, 2003). Other forces such as visions by stakeholders on how IT can transform health care while reducing the cost at the same time. These factors have led to a paradigm shift from traditional record keeping systems to a transformed IT centered system. It can be leveraged in various sectors of health care especially in patient data record keeping. Other areas include patient relationship management and use of Electronic laboratories, Tele-consultation and Electronic prescription. This way IT can be used to improve of efficiency in health care. 2. Strategies for achieving interoperability of...
7 Pages(1750 words)Coursework

Information Risk Management

In the day to day life a person has to overcome various risks. He must be capable enough to handle them in an efficient manner. There are certain risks that are common to all the people in this world. The world has faced many risks out of which many have taken a toll on human lives.
Global connectivity has contributed to the risk factors and people are more prone to such risks. Communication plays a major role in today's world and it has also contributed to the increasing risks. The modern society is more prone to risk due to the invention of various products.
During the 17th and 18th centuries people were highly affected by the wars that arose between various countries. It had a serious influence on the people's lives an...
14 Pages(3500 words)Essay

Information System Risk Management

...Running head: Information System Risk Management Information System Risk Management Lucky XXXXXXXXXXXXXXXXX XXXXXXXXX June 3, 2009 1.0 Abstract Successful risk management is very important in the success of the implementation of any information system. The principle goal of risk management is to protect the company and its ability to achieve their mission of ensuring that there is no loss of integrity, availability or even confidentiality while using the Enterprise Resource Planning (ERP) system (Campell, 2007). 2.0 Main Body As a result of the implementation of an ERP by an organization, the security risks of the organization are increased due to their nature of implementation where...
7 Pages(1750 words)Essay

Information Security Risk Management

... of risks and treatment cost. Risk treatment plan includes the risk acceptance, risk avoidance, reduce the risk, risk transferring and risk financing. Finally, when risk treatment plan has been implemented, continuous monitoring and review process becomes the essential part of information security management (Carroll, 2009). 3. Conclusion In this paper, different aspects of information and risk management have been addressed. Organizations mostly focus on the information security to control over the confidentiality that support for future business decisions. In addition to the compromise ranking (VIKOR) and fuzzy entropy techniques, Monte Carlo method has been preferred for the risk identification and risk prioritization. Risk assessment...
2 Pages(500 words)Case Study

Management Information System. (Position Paper)

...Management Information System al Affiliation) How Organizations Use Technology Technology inventions transform the way consumers think and behave. Along with this transformation comes great competitive benefits. Owing to this business have to adjust in order to meet changing behavior of consumer. For Syndicate Technological Company, email is the primary channel of communication amongst employees, suppliers and consumers. Email provide a simple and economical means to communicate. With the emergence of other communications tools like systems for live chatting, online meeting tools and systems for video-conferencing, staff has been able to communicate better. Voice via internet protocol (VOIP) telephones offer high-tech means for employees...
2 Pages(500 words)Assignment

Change Management

.... In this case, it is important for managers to familiarise themselves with what actually constitutes resistance to change so that they can address the underlying causes and how to reduce them. There are a number of reasons why persons may resist change within any one given organisation. First of all, some people may resist change because they do not understand the effects that may arise out those changes. This is usually the case when managers have not gone out of their way to explain these effects to the important stakeholders. Consequently, in order to avoid the risk that may arise out of that change, employees would rather resist it first. Managers can deal with this problem by clarifying out issues before hand. (Kirkman, 2000...
10 Pages(2500 words)Coursework

Introduction to Change Management

Management often follows a “change management process” to change the existing process or activity.
Change management is a systematic approach for dealing with change that takes place in the organization as well as at the individual level. Such change management comprises of three aspects: adapting change, controlling it and finally affecting it. These three aspects of change management were well explained in three stages of change model given by Lewin (1952) and the three stages are “unfreezing”, “change” & “refreezing” (Orlikowski & Hofman, 1997). Another model for change was introduced by Prosci after conducting a research on more than 1000 companies from 59 countries....
7 Pages(1750 words)Case Study

Issues Connected to Human Resources Management

Notably, management professionals would agree, HRM system is an integration of various management practices with ‘people’ at its prime focus (Jackson, Schuler & Werner, 2008); and, the common factor between business organisations and educational institutions is ‘people,’ although their goals differ. This could be one main reason for attempting to implement HRM in educational institutions, although it is customized to organisational benefit.

Halachmi’s (2002a) extensive analysis on performance measurement clearly indicates the need for performance measurement in order to achieve the goals; and, it, in turn, establishes targets aligned to organisational goals and expectations; makes evalu...
8 Pages(2000 words)Assignment

Examination of the Thyroid System

In 2006, his gallbladder was removed. He takes over-the-counter anti-histamines, as needed for allergic rhinitis symptoms.
Personal and Social History: Mr. "S" is a 73-year-old widower who usually eats the organic food produced from the animals and the fruits and vegetables on his farm. He has two to three beers in the evening after dinner every night. He weighs 235 lbs and measures 5 10" tall.

Whether there is any family history of swelling in the limbs? Is the swelling present anywhere else other than the lower leg? What precipitates the shortness of breath and how long does it last? Is the shortness of breath severe? How long does he need to rest to overcome the shortness of breath? Does he feel dizzy when his b...
9 Pages(2250 words)Case Study

Risk Management in the Airline Industry

With revenues in excess of ₤9 billion and a fleet of 245 aircraft as of March 2009, Heathrow-based BA’s risk management strategies provide an excellent example.
b) easyJet Plc, a Low-Cost Carrier, flying to more than 100 destinations in Europe, UK, and Northern Africa, and clocking over 50 million seats, with revenues of ₤2.4 billion in 2007-08 [2]. Covering over 380 routes with a fleet of 165 aircraft as of September 2008, Luton-based easyJet’s risk management strategies provide another excellent example with a different set of policies.

The airline industry, internationally, is characterized by its exposure to substantial operational and financial risks. Financial risks result in uncertainly in key pa...
6 Pages(1500 words)Case Study

Economic Models: The Free Market and The State Owned System

The free market concept is mainly a theoretical concept as every country, even capitalist ones place some restrictions on the ownership and exchange of commodities (Free market economy). Therefore, the term free-market economy primarily means a system where the buyers and sellers are solely responsible for the choices they make. It gives the buyers and sellers the power to do business without being afraid of any regulations and intervention by the state. Hence, a free market gives the absolute power to prices to determine the allocation and distribution of goods and services (Free Market Economy). The pricing mechanism is in turn, driven by the forces of demand and supply of goods and services. Demand and supply of...
9 Pages(2250 words)Case Study

Comparing Management and Leadership

Once a manager decides on something, his subordinates are required to follow whatever he tells them or else he would have to use the power and authority vested in him to reprimand those who go against his directives. Managers are not their own bosses and as such, they are motivated by the salaries which they are paid for their services. This also makes them subordinates who follow orders from their bosses and who hold them accountable for the progress or failure of the business. Management is a process that focuses on ensuring that there is stability in the organization as well as proper utilization of resources in order to create a harmonious environment for maximizing profits while also minimizing risks, which is the overall sen...
6 Pages(1500 words)Literature review

Nutrition and Lifestyle Management

Vitamins and minerals are micronutrients that are only required in small quantities but are indispensable in maintaining a strong and healthy body. Most individuals should be capable of obtaining all the nutrients they require by consuming a healthy, diverse diet, even though there are a few exemptions. For instance, females thinking about getting pregnant are advised to consume a folic acid supplement to prevent the abnormalities within the child. (What are nutrients? n.d.).

In this study, my case history is presented. I am 41 years of age and trying very hard to lose weight. There are no known diseases in my family that I know of and the only thing that I suffer from is severe constipation. Constipation may be a conti...
11 Pages(2750 words)Case Study

Logistics System Management

The logistics system is designed in such a manner as the combination of various facilities in the transportation at home, and the operations involved in the warehouse and the distribution channels for the manufacturing are the same. The supply chain is a collection of various complicated systems of logistics where they have a collection of raw materials and goods that are useful for the manufacturing of the final product and to the final distributors. “For example, in make-to-assembly (MTA) systems components and semi-finished products are manufactured in a push-based manner while the final assembly stage is pull-based. Hence, the work-in-process inventory at the end of the first stage is used to assemble the finished produc...
15 Pages(3750 words)Coursework

Project Management of Beijing Capital International Airport T3 Terminal

Some stakeholders can be both driving (positive) and restraining (negative) forces, it depends on how the project will meet their interests. These forces are marked by a dotted line. If changes happen, and the project won’t meet the interests of some of these stakeholders, a vector of the corresponding force will be changed onto the opposite and the force will move onto the opposite part of the diagram.

Each half of the diagram (left and right) is divided into three parts – Low, Medium and High. It defines the size of a force vector and indicates the importance (power) of a given force. Short forces have a low level of power.

Civil Aviation Administration of China (CAAC) – undoubtedly advanc...
7 Pages(1750 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Information System Risk Management Paper for FREE!

Contact Us