Assignment 31: Identify The Three Major Types Of Controls

Assignment 31 Identify The Three Major Types Of Controls That Organiz

Identify the three major types of controls that organizations can use to protect their information resources. Describe the benefits and risks of social commerce to companies. Describe the six common types of electronic commerce. Complete this assignment and submit it on or before the due date. It should be free from plagiarism. Copying of the assignments is not allowed. Comply all these points, otherwise it will lead to no grading of the assignments.

Paper For Above instruction

In today’s digital age, organizations face an array of security threats that necessitate robust control mechanisms to safeguard their information resources. The organization’s ability to protect sensitive data, maintain operational integrity, and ensure compliance depends significantly on the implementation of effective controls. These controls are typically categorized into three major types: preventive, detective, and corrective controls. Understanding these control types, along with their benefits and risks associated with social commerce and the different forms of electronic commerce, is crucial for strategic planning and risk management.

Three Major Types of Controls

Preventive, detective, and corrective controls form the foundational pillars of organizational security strategies. Preventive controls are designed to prevent security breaches before they occur. They include access controls, encryption, firewalls, and security awareness training. For instance, implementing strong password policies and multi-factor authentication can significantly reduce the likelihood of unauthorized access.

Detective controls serve to identify and alert organizations of security incidents or breaches as they happen or shortly thereafter. These controls include intrusion detection systems (IDS), security information and event management (SIEM) systems, and regular audits. They enable organizations to detect anomalies, unauthorized activities, or breaches promptly, allowing for quick response and mitigation.

Corrective controls come into play after a security incident has occurred. These controls aim to limit the damage and restore systems to normal operations. Examples include data backups, disaster recovery plans, and patch management. Corrective controls ensure that organizations can recover quickly and minimize downtime, thereby reducing the overall impact of security breaches.

Benefits and Risks of Social Commerce

Social commerce—leveraging social media platforms to facilitate online buying and selling—offers numerous benefits to companies. It enhances customer engagement by providing a direct channel for interactions, reviews, and personalized marketing. This immediacy can lead to increased sales and brand loyalty. Additionally, social commerce provides valuable insights into customer preferences and behaviors, enabling targeted marketing strategies.

However, social commerce also introduces risks. Privacy concerns are paramount, as companies collect vast amounts of personal data that could be misused or lead to data breaches. The informal nature of social platforms can also lead to challenges in maintaining brand reputation, especially if negative reviews or misinformation spread rapidly. Moreover, social commerce is susceptible to fraud, scams, and fake reviews, which can damage customer trust and confidence in a brand.

The Six Common Types of Electronic Commerce

The landscape of electronic commerce (e-commerce) is diverse, comprising various formats that serve different consumer and business needs. The six common types include:

  1. Business-to-Consumer (B2C): Transactions between businesses and individual consumers, exemplified by online retailers like Amazon.
  2. Business-to-Business (B2B): Transactions between businesses, such as wholesale purchasing platforms or supply chain exchanges.
  3. Consumer-to-Consumer (C2C): Transactions between consumers facilitated by third-party platforms, e.g., eBay or Craigslist.
  4. Consumer-to-Business (C2B): Consumers offer products or services to businesses, such as freelance marketplaces like Upwork.
  5. Business-to-Government (B2G): Transactions where businesses provide goods or services to government entities, often through specialized portals.
  6. Government-to-Citizen (G2C): Government services provided directly to citizens online, such as tax filing or license renewal portals.

Each type of e-commerce presents unique challenges and opportunities. B2C is the most visible and widespread, driven by consumer demand and technological advancements. B2B e-commerce streamlines supply chain processes and reduces transaction costs. C2C platforms facilitate peer-to-peer sales, fostering entrepreneurship and second-hand markets. C2B is reshaping employment and freelance markets, while B2G and G2C services improve public administration efficiency and citizen engagement.

Conclusion

In conclusion, organizations must employ a combination of preventive, detective, and corrective controls to secure their information resources effectively. While social commerce offers promising benefits such as increased engagement and sales, it also compels organizations to navigate risks related to privacy, fraud, and reputation management. Understanding the various forms of electronic commerce enables businesses to tailor their strategies to target markets efficiently and securely. Staying informed about emerging risks and adopting appropriate controls is essential for sustainable growth in the digital economy.

References

  • Anderson, R. (2020). Security Engineering: A Guide to Building Dependable Distributed Systems. John Wiley & Sons.
  • Chaffey, D. (2021). Digital Marketing: Strategy, Implementation and Practice. Pearson.
  • Laudon, K. C., & Traver, C. G. (2021). E-commerce 2021: Business, Technology, Society. Pearson.
  • O'Brien, J. A., & Marakas, G. M. (2019). Introduction to Information Systems. McGraw-Hill Education.
  • Porter, M. E. (1985). Competitive Advantage. Free Press.
  • Ray, S., & Bhatnagar, R. (2019). Social Media Marketing Strategies in E-commerce. International Journal of Business and Management, 14(3), 45-61.
  • Sharma, A., & Sheth, J. (2020). Customer Engagement and E-commerce: A Review and Research Agenda. Journal of Business Research, 122, 775-786.
  • Skripkin, S., & Fedorova, A. (2020). Risks and Opportunities of E-Commerce. Journal of Internet Commerce, 19(2), 150-169.
  • Turban, E., King, D., Lee, J. K., Liang, T. P., & Turban, D. (2018). Electronic Commerce 2018: A Managerial Perspective. Springer.
  • Xu, H., Teo, H. H., Tan, B. C., & Agarwal, R. (2020). The Role of Privacy and Security Concerns in E-Commerce: A Study of Consumer Behavior. Communications of the ACM, 63(2), 46-54.

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