Cyber Security Concerns and Solutions for a Small Accounting Company

   

Added on  2023-06-03

13 Pages3036 Words196 Views
Computer security
Cyber Security Concerns and Solutions for a Small Accounting Company_1
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Table of Contents
Introduction...........................................................................................................................................2
Cyber security problem that need to be addressed immediately in JL..................................................2
Solutions to address the issue...............................................................................................................4
Assessment of chosen solution and the alternative solution................................................................6
Overall security cost needed to address security issue.........................................................................7
Recommendation..................................................................................................................................8
Conclusion.............................................................................................................................................9
References...........................................................................................................................................10
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Introduction
This report covers some of the security concern faced by a small accounting
company JL. The company was established initially with only few employees but with the
use of digital services they have expanded their services and employees. The company has
expanded its services on online platform which in turn have increased the possibilities of
security breaches. It is important to address some of the security breaches so that it couldn’t
penetrate in the system. In this report, some of the security threats are identified that are
faced by JL and then steps are designed so that security breach could be resolved. Some of
the solutions are suggested to improve data security and then it is compared with other
solutions so that best strategy could be selected (Hammargren, 2014). The present state of JL
in terms of cyber security is quiet weak. Thus, it is required to improve the current situation.
From the analyses, it was found that JL as a poor security measures as laptops do not have
updated software’s that increases the chances of viruses and bugs. The spam messages
received are very high thus this is due to poor security control. The passwords are shared
between employees that increase the chances of cyber-attacks. Thus, in this report some of
the policies are designed so that resources rate used in a best possible way and security
behaviours are improved.
Cyber security problem that need to be addressed immediately in JL
In JL, there are various issues that need to be addressed some of the concerns are listed
below:
Poor passwords- While analysing the present situation, it was found that security
regards passwords were poor. As the right to access was not defined correctly and
passwords were shared between employees easily. Thus, it is recommended to have
Cyber Security Concerns and Solutions for a Small Accounting Company_3
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strong passwords that are hard to crack (Hills & Batchelor, 2015). Due to poor
passwords some of the business files of JL were leaked, thus it is recommended to
maintain confidentiality and integrity by keeping the passwords safe. The passwords
should be strong and should be changed on regular basis (Atgiller, 2015). .
Ransomware attack- It is a virus that spreads from one computer to other easily. The
sensitive and confidential information is spread over the network. It is a cyber-threat
that sometimes prevent user to access the information and then ask money to release
the file (Robinson, Jones & Janicke, 2015). It is a common issue faced by small
organisations. They are unaware about the attacks that are new in the market
(Hammargren, 2014). Hackers corrupt the files and then ask for crypto currency in
return for realising the files. Phishing attack- This is attack that is processed so that all the sensitive data is read
like passwords, username and credit or debit card details. It is a spam attack that is
introduced in the system by the source of emails. If the email is accessed by the user
then viruses enter the system and penetrate which increases the chances of
information getting leaked(Abawajy, 2014) . All the accounting and other
information related to the company is stored on online platforms (Hills & Batchelor,
2015). Thus, it is important to secure the data so that information doesn’t get leaked. Patch monitoring- There should be proper software that keeps track for the security
concern in an organisation. The present scenario of JL states that there is no security
software’s installed in the system. The poor patch management increases the chances
of attack and vulnerability in the system (Korpela, 2015). The patch can be
controlled by keeping the system updated or installing anti-virus software so that
vulnerabilities do not penetrate deep into the system (Creative technolgy, 2015).
Cyber Security Concerns and Solutions for a Small Accounting Company_4

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