Highlights
TASK:
Question 1
You are managing the information technology for a company involved in the developing pharmaceuticals. In any year, experience has shown that 2 of the company’s 300 laptops will be lost, and the replacement value is $1,600.00. Using the risk management guidelines contained in
Topic 3 of your Study Guide:
a. Assess the likelihood, impact, and risk rating for this scenario. Determine if the risk is acceptable to the business.
b. Assuming that the laptops contain sensitive information that could result in a loss of revenue of $1 million if disclosed, re-assess the risk factors and determine if the risk is acceptable.
Question 2
An employee at an Australian business received an email that appeared to have been sent from another business with which they dealt regularly.
However, the email had been sent from an unfamiliar webmail account. Although the recipient of the email was suspicious and attempted to check the legitimacy of the email, they opened an email attachment without waiting for a response.
The attachment was an executable (.exe) file masked as a MS Excel file. Consequently, the network was compromised, and it is believed that intellectual property, personnel records, business development proposals and project information may have been stolen. Based on this scenario:
a. Identify and classify the information assets involved in this incident.
b. Identify the threats and vulnerabilities involved.
c. Suggest how this type of risk should be treated to mitigate future impacts.
Question 3
Cloud computing is becoming more prevalent as a means for organisations to operate their information systems. Develop a basic risk management plan that addresses the key risks that cloud computing presents to a medium-sized business.
Case Study: Risk Management
NuSportz is a retailer operating nationally across Australia, selling various sporting goods through stand-alone sports warehouse style shopfronts. There are 120 stores located across the country, most of which are run on a franchise basis. In total, 50 of the stores are owned by NuSportz itself.
NuSportz was initially slow to recognise the impact and benefits that newer ICT technology could have on the business. However, now all of its stores are connected via a wide area network, and it has invested heavily in back-end stock management systems. These systems have been outsourced to a third-party IT provider.
Based on this case study, answer the following questions:
1. Based on the information above, and in reference to your Study Guide Topic 3, identify the key NuSportz information assets requiring protection. Classify the assets in terms of their types.
2. Identify what you think are three of the most important security risks for NuSportz. Explain your choices with supporting risk management rationale.
3. The CISO receives a notification that an optical fibre cable connecting its data centre to the rest of the network has been cut, and all stores are effectively off line. The estimated time to repair is 6 hours. NuSportz average turnover per day is $620,000. Identify the type of this threat, and calculate the its impact.
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