Case Project 3-1: Mapping Risk Analysis To Security Policies

Case Project 3 1 Mapping Risk Analysis To A Security Policysix Months

Case Project 3-1: Mapping Risk Analysis to a Security Policy Six months after a security policy has been formulated and put into place, your company decides to do a risk analysis. The data in Table 3-2 presents some of the findings. Suggest ways in which you would modify the security policy to cover the new threats. Table 3-2 Modifying a security policy Asset Threat Probability Consequences Risk Assessment Change Web server High Medium Serious Critical Was medium; Web site went online during this period Office computers Low Low Significant Medium Unchanged Customer data Medium High Damaging High Was medium; two employees in customer service were laid off and expressed anger Job records High High Serious Critical Was medium; one laptop was lost or stolen while VP of marketing was in airport Choose one of the following and respond in one single spaced page.

Paper For Above instruction

In the ever-evolving landscape of information security, conducting regular risk analyses post-implementation of security policies is essential to adapt to new threats and vulnerabilities. The scenario provided highlights the importance of updating security policies based on recent findings that unveil emerging risks. Analyzing the data from Table 3-2 reveals critical areas requiring policy modifications to mitigate risks effectively and ensure organizational resilience.

Analysis of Current Threats and Risks

The Web server, designated as a high-threat asset with medium probability but serious consequences, signifies a potential vulnerability to cyber-attacks such as Distributed Denial of Service (DDoS), hacking, or malware infiltration. Since the web site went online during this period, the attack surface has increased, and the security policies need to address these new entry points. The current policy may lack sufficient controls for web application security, intrusion detection systems, or real-time monitoring. It would be prudent to implement stricter security protocols, such as web application firewalls, regular vulnerability assessments, and staff training to recognize phishing attempts or social engineering attacks.

Office computers, currently marked as low threat with low probability and significant impact if compromised, suggest that basic security measures are in place. However, as organizational operations expand, even low-probability threats can present substantial risks, particularly if employees fall prey to phishing or malware. Policies should reinforce endpoint security, enforce strong password policies, encourage regular updates, and promote employee awareness training to prevent such incidents.

Customer data, a medium-threat asset with high probability and high potential damage, underscores the critical need for robust data protection policies. The previous incident involving employee dissatisfaction leading to potential insider threats highlights the importance of monitoring access controls, enforcing data encryption, and conducting periodic security audits. Updating policies to include stricter authentication measures, data access protocols, and incident response plans is necessary to safeguard sensitive information effectively.

Job records, categorized as high threat with high probability and serious consequences, pose significant operational risks. The theft or loss of a laptop carrying sensitive job-related data suggests vulnerabilities in physical security and device management policies. Implementing stricter device encryption, remote wipe capabilities, and secure storage policies would mitigate these risks. Additionally, employees should be trained on secure device handling and reporting procedures for lost or stolen equipment.

Recommended Policy Modifications

• Web Server Security: Implement advanced web application firewalls, regular vulnerability scans, and intrusion detection/prevention systems to protect against cyber threats.
• Endpoint Protection: Enhance endpoint security protocols, enforce strict password policies, and conduct ongoing employee cybersecurity awareness training.
• Data Security and Access Controls: Limit access to sensitive customer data via role-based permissions, enforce data encryption, and conduct regular audits of access logs.
• Device Security: Enforce encryption on all devices, enable remote wipe features, and establish secure procedures for handling and reporting lost or stolen devices.

By adopting these policy enhancements, organizations can better align their security posture with emerging risks, thereby reducing vulnerabilities and safeguarding critical assets. Regular reviews and updates to security policies should be institutionalized as part of the organization’s risk management strategy, ensuring resilience against evolving threats.

Conclusion

Remaining proactive in risk assessment and policy adjustments is vital in maintaining organizational security integrity. The findings from recent risk analyses shed light on vulnerabilities that, if unaddressed, could lead to significant data breaches or operational disruptions. Effective policy modifications, coupled with ongoing training and technological investments, will enhance organizational defenses and promote a culture of security awareness.

References

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