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Report- Risks in IT

   

Added on  2020-03-16

18 Pages4653 Words42 Views
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Executive summaryThis report analyzes the risks in IT. The analysis is based on Aztek company which is a company operating in the financial services industry. The paper begins with an analysis of the policies and regulations that govern the financial services industry and which are related to the project being considered. The project considered for implementation in this task is the project of employees carrying their own personal devices to be used to carry out task related to their job. The paper also analyzes the impact that the project will have on the current security posture against the current security of the IT policies of the company. The company IT system is exposed to loss of important valuable information through hacking and confidential information may fall into the hands of the wrong people. The threats and the vulnerabilities that come with the implementation of this project are also outlined and discussed in detail to help prepare the organization on what to expect if the project is adopted by Aztek.

ContentsExecutive summary....................................................................................................................................2Introduction...............................................................................................................................................4Review of project in respect to the financial services sector....................................................................5Review of project in regard to current security posture of Aztek.............................................................7Assessment of risk based on threats, vulnerabilities and consequences derived from the IT Framework...................................................................................................................................................................9Conclusion................................................................................................................................................15References...............................................................................................................................................17

IntroductionThis report analyzes the IT risks that are prevalent in allowing employees to bring their own devices in the work place. The assessment analyzes the IT risk that Aztek will be exposed to by allowing their employees to bring their own devices such as laptops, tablets, and mobile devices to the workplace to be used as the main or the only devices in achieving task at the workplace. IT risk management is the process of applying methods and techniques of risk management to manage situations and scenario that exposes a business organization to undesirable outcomes. IT Risk management is considered as part of the broad enterprise risk management. This structuring, establishing, maintaining and continuous monitoring, repair and maintenance of information security management system helps to ensure the important data and the systems are secure and free from interference. Some of the common risks in IT include lack of proper documentation, poor communication in theorganization, lack of proper coordination in the organization, risk of failure of the devices, lack of data security, third party risk management issues, risk of fraud and misconduct, risk of complacency by the employees, risk of crisis occurring in the organization, risk of misuse of devices and the risk conflicts between the employees and the organization (Olson & Wu,2008). This report analyzes all the potential risk situations in the environment of Aztek. The paper analyzes the potential loss from thisrisk and helps to examine on whether or not the company should go ahead with the

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