GLOBAL FINANCE, INC. (GFI)
IT RISK ASSESSMENT PAPER
When it comes to the risk assessment of Global Finance, Inc. there were identified vulnerabilities that were occurring in the locations of Technical Security, Management, and Operational. Vulnerabilities at the company are looked at as being weaknesses that could possibly be oppressed by a group of threats or just threats in general. Basically, all of these vulnerabilities are able to be alleviated by safeguards that are recommended. These safeguards are security features and certain controls that, when included or added in the information technology environment, alleviate the risk that is connected with the operation to what are the manageable levels. However, a complete conversation of the vulnerabilities and suggested safeguards are discovered in this report. If the safeguards suggested in this risk assessment are not applied, the outcome could be alteration or damage of data, disclosure of sensitive information, or denial of service to the users who are requiring the information on a recurrent foundation.
Risk Assessment Purpose
The goal of this risk assessment is to assess the competence of the Global Finance, Inc. network and security. This risk assessment will give a structured qualitative assessment of the environment that is considered to be an operational environment. The assessment jobs are to be able to addresses sensitivity, threats, risks, vulnerabilities and also the safeguards. The assessment approves cost-effective safeguards to alleviate threats and associated practical weaknesses.
Risk Assessment Scope
The option of this risk assessment measured the system's utilization of controls and resources (planned or implemented) to get rid of and/or handle vulnerabilities usable by threats external and internal to the Global Finance, Inc. system. This Risk Assessment Report will be able to evaluate the privacy (defense from unauthorized expose of system and statistics information), honesty (defense from inappropriate modification of material), and availability which means losing access to the system. Recommended security safeguards will permit management to make decisions in regards to security-connected creativities.
Threats, vulnerabilities, and risks
For Global Finance, Inc. To reach their mission and then to be able to upkeep their standing in the marketplace, three areas must be covered in this report, confidentiality, integrity, and availability. Any vulnerability threat any of these areas must be kept in consideration and create a control or safeguard to protect these areas from these vulnerabilities.
Loss of Administrative Power: Whether you authorize an agreement to have another business achieve the function of a whole department or sole mission, you are turning the control and management control of that works over to another business.
Hidden Costs: they will need to authorize a contract with the company that is being outsourced that will cover the particulars of the service that they will be delivering. Anything that is not covered in the agreement will be the foundation for you to pay charges that are additional.
Threat to Confidentiality and Security: The life-blood of any business is the material that keeps it going on. If there is payroll or any other information that is confidential that will be transmitted to the outsourcing company, there is a risk that the confidentiality may be compromised.
Quality Problems: The outsourcing business will be motivated by proceeds. Ever since the agreement will fix the price, the only way for them to raise profit will be to reduce expenses. On condition that they meet the conditions of the agreement, you will pay. Furthermore, you will lose the aptitude to quickly reply to alterations in the business environment. The contract will be very specific and you will pay extra for changes.
Tied to the Financial Well-Being of Another Company: Ever since you will be turning over part of the procedures of your business to another corporation, you will now be secured to the monetary well-being of that corporation. It would not be the first time that a company that is outsourcing would could go bankrupt.
Another risk is the development in business Global which has been taken place in the last many years. For the reason of this occurring, there was a lot more manpower needed, if the CEO essential to half of the Information Technology department, this will more than likely produce a huge over load on the Information Technology department which in the end may cause them to lose some business. Remote admission worker complaining of the network dormancy, this postponement as a huge effect on their work and production.
It is clear that the Global Finance, Inc. is lacks a lot of information security guidelines that assist workers to act in proper ways in case of disaster or threat....
Risk Assessment for GFI Group, Inc. (GFI) RISK ASSESSMENT Company Network, Interconnection, and Communication Environment When it comes to the company network, GFI Group, Inc. (GFI) operates as a dealer brokerage company, which was discovered in the U.S. It is in network with over the counter (OTC) related securities and derivative products. The company mostly offers market data brokerage services, and analytics software merchandises to commercial and investment banks, insurance corporations, large businesses
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