Risks Management Assignment - Aztec organization

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Added on 2020-03-28

Risks Management Assignment - Aztec organization

Added on 2020-03-28

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[IT RISKS MANAGEMENT]

Risks Management Assignment - Aztec organization_1

Executive summary:The Aztec organization wants to transform their working tactics with new and advanced features which helps in enhancing their turnover of the company. We as a project consultant recommended the Aztec organization to change their business functionality with the migration of business operation to the external cloud hosting solution. It has been seen that the ethical code of conduct should be deprived in the curriculum of the Aztec organization to improve the financial services by managing good and clear relationship with the banking sector. The legislations which are used for providing financial insurance services to the Aztecorganization are categorised as consumer and competition act 2010, law implied for Australian consumers, act passed for corporation 2001, amendment act 2012 for corporations,financial act 2006 passed for counter terrorism and anti-money laundering schemes, and protection act 2010 passed for national consumer. The operational policies of the Aztec organization should focuses on deploying insurance service architecture. The budget of the enterprise can be reduced by managing resources availability according to the demand of the user. The InfoSec security model is used for securing the traditional processes and applicationof the Aztec organization. Now it is recommended that with the changing digital technology, the company has to transform their working to the cloud environment. The adoption of cloud computing environment helps in dealing with network management, deployment of the operating system and the databases, inclusion of resource scheduling plan, management of the transactional processing, management of the concurrency control, and planning of memory management. The management of risks is the basic criteria for managing the cloud computing activities. The analysis of the security should be done with the help of qualitative and quantitative research methodology. The migration towards the adoption of cloud is equipped with some major threats which are classified as insecurity associated with the application programming interfaces, inclusion of malicious and virus attacks, vulnerabilities associated with the shared technologies, data leakages, hijacking of user account, and inclusion of risk profile. The Aztec organization is recommended to consider some of the major potential risks which are assimilated with the inclusion of cloud architecture in the working curriculum of the enterprise.1

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ContentsExecutive summary:..............................................................................................................................1Introduction:..........................................................................................................................................3Financial Services Review:....................................................................................................................3Security posture Review:.......................................................................................................................5Threats vulnerabilities and consequences assessment:..........................................................................9Risks identification and assessment matrix:....................................................................................10Data security:.......................................................................................................................................15Recommendation:................................................................................................................................17Conclusion:..........................................................................................................................................19References:..........................................................................................................................................192

Risks Management Assignment - Aztec organization_3

Introduction:The Aztec organization wants to transform their working tactics with new and advanced features which helps in enhancing their turnover of the company. The senior executives of theenterprise has decided to transform their working curriculum with the deployment of any one of the recent technology into their enterprise such s bring your own device, migration to cloud computing, changing techniques with IPv6, and other. We as a project consultant recommended the Aztec organization to change their business functionality with the migration of business operation to the external cloud hosting solution. The changing of the traditional working style with the new innovative concepts is complied with many risks and challenges. The adoption of cloud computing platform increases the risks associated with the traditional physical infrastructure (Hogmen, 2012). The renovation of the existing devices can be easily done with the inclusion of cloud environment with minimum cost.Financial Services Review:The follow up of the standard are used for data security to manage the financial security procedures. The analysis of the financial data is measured in terms of government norms. It has been seen that the ethical code of conduct should be deprived in the curriculum of the Aztec organization to improve the financial services by managing good and clear relationshipwith the banking sector. The customers are provided with the unique banking codes for carrying out effective transaction. The planning of the financial services helps in developing cost effective plan (Chauhan, 2014). The operational policies of the Aztec organization should focuses on deploying insurance service architecture. The budget of the enterprise can be reduced by managing resources availability according to the demand of the user. The capability of the financial sector can be improved with the deployment of cloud software as a service model for effectively managing functions with suppliers, dealers, and customers, and etc. (Dhammeratchi, 2012). The electronic trading services are used for managing the financial services of the Aztec enterprise. The legislation plays an important role in captivating insurance services provided to the financial department with regard to safety, security, integrity, and reliability of the financial processes. It is significantly important for managing rules and regulations associated with the implication of financial market. The legislations which are used for providing financial insurance services to the Aztec 3

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