Code Galore, a privately held company with a budget of $15 million, faces challenges in enhancing sales, attaining profits for investors, and lowering software complexity. Factors affecting the problem include economic recession, knowledge gaps, and competition from other businesses. The case highlights managerial, organizational, and technological issues related to information security, including lack of awareness among senior management about fundamental concepts of information security, poor password control, and reliance on cloud services. Emerging IT security technologies that can help solve these challenges include enhanced access controls, protocols (SSL, S-Http, PGP), and mobile-based access to the cloud.