¶ … Finance and Accounting Application that provides finance and accounting operations require all the possible computer security measures to be adopted. In this case, two patterns call for an incident response plan:
The company's computer networks and systems are at a higher risk to threats like intrusions, computer viruses and exposures
Computers are widespread through the company; the company depends heavily on computers and cannot afford service denial
Therefore, the following security incidents will be an essential:
A computer virus might be copied to a LAN server; within seconds, thousands of other computers will be infected. This will require the efforts of different people and several days to achieve recovery.
Back-ups can be infected with viruses resulting in re-infection of other systems; recovery will require more expenses and time
System intruders could copy passwords and distribute them across large networks
Outbreaks of system or virus penetrations will cause embarrassment and possible loss of public confidence (Taylor, 2013).
These incidents can cause the company to confront unwanted expenses in productivity, damage to their reputation and significant damage to systems. Clearly, there is a pressing need to take action before suffering the impacts of a massive computer security problem. This necessitates the incident response plan to draw needed resources together in an organized manner to handle any adverse events related to the security and safety of the companies,...
Accounting and Intrusion Detection In a report issued by Paladin Technologies, Inc., entitled: "Security Metrics: Providing Cost Justification for Security Projects," 273 organizations were surveyed on the topic of security. The report illustrates in quantifiable terms the depth and reach of intrusion detection on the financial viability of the organization. The combined reported losses from the firms surveyed totaled $265.6 million in 1999. The highest loss categories were reported as follows: Type
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