Report on Security Management

Added on - 01 May 2020

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Running head: SECURITY MANAGEMENTSecurity ManagementName of the StudentName of the UniversityAuthor’s Note
1SECURITY MANAGEMENTExecutive SummaryThe main aim of this report is to analyse and evaluate various aspects of the business operationsof SoftSolutions. The report starts with the development of a formal plan for securitymanagement for SoftSolutions. This report mentions different types of IT security risks. Basedon that, a risk management plan is developed. It also includes a Cost- Benefit Analysis andcontingency plan.
2SECURITY MANAGEMENTTable of ContentsIntroduction......................................................................................................................................3Impact of Security Management Formal Approach on company Values and IT Governance........3Threats, Vulnerabilities and Attacks................................................................................................4Implications of Legal and Statutory Requirements and Benefits....................................................5Development of Security Policy......................................................................................................6Reasons to Have Security Policy.....................................................................................................7Benefits of Risk Management Plan.................................................................................................7Steps of Risk Management Plan......................................................................................................8Cost-Benefit Analysis and Recommendation..................................................................................9Contingency Plan...........................................................................................................................10Benefits of Security Management.................................................................................................10Conclusion.....................................................................................................................................11References......................................................................................................................................13
3SECURITY MANAGEMENTIntroductionTwenty first centuries is considered as the era of businesses as massive progress in thebusiness organizations all over the world can be seen. Businesses all over the world are growingis a fast pace. However, with the progress, the business organizations become exposed to someof business risks. One of such major risks is the security threat of the businesses (Peltier 2016).In the recent years, it has been seen that the security risks of the businesses have increasedlargely. In this particular area, Security Management plays an integral part. Security managementrefers to the identification of the major assets of the companies and to develop various securitypolicies and procedures for the protection of those assets (Sennewald and Baillie 2015). In thiscontext, it needs to be mentioned that it is the responsibility of the companies to implement thesecurity management policies and procedures in the perfect way. This particular study takes anhonest attempt to solve the security management related issues in the organization calledSoftSolutions. Different steps of this report show the benefits of having a formal securitymanagement policy in the organization that helps to solve the security related issues of thecompanies.Impact of Security Management Formal Approach on company Values and IT GovernanceFrom the provided case study, it can be seen that SoftSolutions is planning to have formalsecurity management policies for the IT operations of their business organizations. Theseparticular formal security management policieswill have major positive impacts on the valuesand IT governance of the company. With the help of these formal policies,SoftSolutions will beable to get access to the latest technologies for their business operations. As the company’smission is to provide their customers with better technological experience, these policies will be
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