I need help with this assignment. Risky Situations Identify three types of sensi
ID: 3540403 • Letter: I
Question
I need help with this assignment.
Risky Situations
Identify three types of sensitive information involved with each situation. Then, describe three ways in which each information item could be misused or harmed. For each of these, note at least one likely finding that you would include in a risk analysis report of the organization. Finally, answer the questions at the end.
Situation 1 %u2013 Online Banking System
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Situation 2 %u2013 Facebook Page
(organization or personal %u2013 specify which)
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Situation 3 %u2013 Picture Phones in the Workplace
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Situation 4 %u2013 E-Commerce Shopping Site
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Situation 5 %u2013 Real-World Application
(such as CRM, ERP, other internal or external organizational systems %u2013 pick one and specify)
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Questions
1. What is the most effective way to identify risks like those you noted in the tables?
2. What are some important factors when weighing the depth of a formal risk analysis? How would you balance the interruption needed for depth and the need to continue ongoing organizational activity?
3. What should an organization%u2019s risk management specialist do with the information once a potential risk has been identified? What information would be needed for senior management to know the danger of each risk and the proper way to handle the risk?
4. How would this specialist properly prioritize these risks to make sure the most important ones were mitigated first?
5. Who is responsible for ensuring that an identified risk is addressed by the organization? What role does the analyst play? What role does senior management play? What roles do the analyst and senior management each play in addressing organizational risks?
Situation 1 %u2013 Online Banking System
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Explanation / Answer
1.1. What is the most effective way to identify risks like those you noted in the tables?
The best way to identify risks is to plan for the potential risk ahead of time therefore preparing one for the unknown that may occur.
2. What are some important factors when weighing the depth of a formal risk analysis? How would you balance the interruption needed for depth and the need to continue ongoing organizational activity?
formal risk analysis includes major risks and minor risks. minor risks can be ignored. But some major risks have to be accepted for a good going
3. What should an organization%u2019s risk management specialist do with the information once a potential risk has been identified? What information would be needed for senior management to know the danger of each risk and the proper way to handle the risk?
The information must be analyzed scientifically and categorized by priority. The amount of loss that is going to be incurred and the technical way to solve it is needed for senior management to know the danger of each risk and the proper way to handle the risk.
4. How would this specialist properly prioritize these risks to make sure the most important ones were mitigated first?
It has to be done on the basis of the amount of loss that is going to occur.
5. Who is responsible for ensuring that an identified risk is addressed by the organization? What role does the analyst play? What role does senior management play? What roles do the analyst and senior management each play in addressing organizational risks?
the manager and then the ceo are responsible for ensuring that an identified risk is addressed by the organization. Analysts analyze the data and alarm higher officials. senior management takes necessary steps.