W4 430 AD Benchmark - Security Program Roadmap Presentation

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Enterprise Security Program

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Executive summary

The concept of the enterprise security program at Across the States Bank (ASB) is critical as it emphasizes the organization's sustainability. Since ASB proves to be a financial institution, it critically requires both digital and physical security. Security sensitivity is paramount towards ensuring that the money the bank is entrusted with and the people managing the same are safe while on the premise. Therefore, the bank has a comprehensive program that defines how to emphasize the concept of security. The program covers the two primary dimensions; the digital and physical security requirements. Several security components need to be involved in realizing a competent enterprise security program at ASB. These components need to explain and expound on the necessary measures that contribute to the security requirements at ASB (Shukla et al., 2022). These components highlight the bank's security program and should act as a reference point for sustaining the organization's relevance. A detailed provision of the whole concept of ASB’s security program is described in the following elements.

Security awareness program

This program will equip the ASB's staff with the potential gaps that may attract insecurity implications. The staff will be required to be aware of the potential threats that may face the organization, especially their critical information. This concept should be actualized through relevant training and should be done regularly to keep pace with the emerging trends. The program proves to be relevant in the organization since the staff will be able to detect and address any security threat before it attracts adverse risks. Training should be done through relevant and practical illustrations in presentations such as webinars.

Incident management

This approach will find relevance in the occurrence of insecurity implications in the organization's system or the physical premise. It will involve managing, identifying, recording, and evaluating security threats. Also, this program will entail a process of giving incident management technology and processes to a particular team. The incident management program will appreciate processes of alerting, ticketing, reporting, documentation, or escalations to the incident's response team. There is a repeatable and sustainable process to reduce time spent on the same. The primary goal of this program will be to restore operations to the normal state as fast as possible (Garbis et al., 2021).

Disaster recovery

This program will find relevance in the occurrence of a disaster or a critical interruption in the organization. It will aim to get the organization back to its normal state within the shortest time possible. This program should also manifest the capacity to prevent cases whereby the enterprise has to restart from scratch after an interruption. Therefore, the organization should ensure a reliable disaster recovery system, such as appreciation of backup provisions. One sensitive and critical approach is to ensure that the ASB’s IT environment is securely backed-up, most probably through reliable facilitations such as cloud technologies.

Risk management program

This is a very critical program that emphasizes the security of the bank. The program proves to be the formal process utilized by the bank to qualify, quantify and mitigate particular concerns ASB may define or discover. It will act as a roadmap for enhancing performance by revealing critical dependencies and control effectiveness. Some of the risks that need to be watched in this context involve strategic, reputational, price, operational, and liquidity risks (Ojeniyi et al., 2019). Standardizing risk control in the bank will ensure that monitoring systematic issues affecting the bank is simpler. Also, the program will help the bank in determining the level of investment that deserves any burning issue will be accorded.

Provisioning process

This concept essentially entails implementing and defining policies for access to resources and enterprise information. Provisioning will involve managing, creating, and terminating end-user accounts and associated access entitlements and rights, particularly based on the concerned policies. The basic idea in this context is to regulate the IT infrastructure usage to ensure that access to the same does not threaten the enterprise's security (Zeebaree et al.,2019). The process should critically dictate the steps to control access to the bank's resources and data and make them available to systems and users.

Identity and access management

This program will prove essential in ensuring that the right individuals and entities access the right resources whenever the need arises. The bank can facilitate secure and seamless user authentication to their mobile, native, web, and cloud applications courtesy of identity and access management provisions. Also, through this program, ASB will attain governance requirements, for example, assessing risks, reducing frauds, auditing compliance, and enforcing policies (Ojeniyi et al., 2019). Appreciation of multi-factor authentication provisions in this context would also be critical. ASB ex-workers' accounts that enabled them to access the bank's systems must be deactivated and deleted.

Security operations center

This provision will involve deploying a team responsible for detecting, preventing, assessing, and responding to security incidents and threats. Also, this team should be responsible for fulfilling and assessing regulatory compliance. The security operations center will analyze and monitor activities on servers and networks, amongst others. In essence, it will help in continuous watching to detect any unusual activity towards realizing the relevance of malicious activity in the bank's network. The relevance of the bank’s security operation center can be enhanced by the adoption of a Security Information and Event Management provision; this platform manifests the capacity to improve the bank's security operations center's ability to protect its data.

Security engineering

This program will involve establishing systems that will remain dependable amid error, malice, or mischance. The ASB's security controls need to be incorporated into the information systems to qualify them as an integral part of its operational capabilities. The bank’s software will have to undergo screening and testing; this will be facilitated by security engineers whose primary responsibility will be monitoring the organization’s systems and networks for security intrusions and breaches (Karie et al., 2022). Essentially, this program will major in protecting the bank's system from cyberattacks and hackers.

Policy management

This provision will primarily involve identifying, managing, and implementing the procedures and rules that all parties should adhere to when using and accessing ASB’s resources. It will prove to be essential in setting the scope, tone, and direction for all of the bank’s security provisions; this will be emphasized by centralizing procedures and policies in one place. The intervention of relevant software can enhance policy management in the organization (Zeebaree et al., 2019). Such software proves to be helpful since they facilitate interaction between legal and other teams on maintaining, editing, and creating procedure and policy documents.

Business continuity planning

This is a critical program that will help in preparing for the unexpected. The result is a strategy to respond to completely or partially interrupted access to the organization’s resources due to manifested threats. In this context, the primary goal will be to ensure continuity of operations and the availability of vital information resources even after a disruption (Petrenko, 2021). The bank’s business continuity planning program needs to be updated regularly to accommodate changes that are happening every day. Some of the provisions that can facilitate this are data backup and recovery, both electronic and hardcopy.

Privacy compliance

It will entail the bank’s accordance with the recognized personal data protection guidelines, legislation, or specification. The emphasis is here is to ensure that legal and regulatory requirements for the processing, collection, and maintenance of personal information are upheld. With the booming registered cases of data breaches due to irregularities in this context, the concept of privacy compliance proves to be critical. This can be enhanced by appreciating more secure security systems that prevent cases of critical data leakage.

Conclusion

The explored security components prove to be essential for the relevance of the ASB. Each contributes significantly to the bank's security requirements, which involves the need to avoid losses, compromised competitive advantage, and corruption or leakage of critical information. Therefore, the management of ASB needs to involve these components accordingly, not forgetting to adopt the most suitable technological provisions for each.

References

Garbis, J., & Chapman, J. W. (2021). Zero Trust Security: An Enterprise Guide. Apress.

Karie, N. M., & Sikos, L. F. (2022). Cybersecurity Incident Response in the Enterprise. In Next-Generation Enterprise Security and Governance (pp. 83-119). CRC Press.

Ojeniyi, J. A., Edward, E. O., & Abdulhamid, S. M. (2019). Security risk analysis in online banking transactions: Using diamond bank as a case study. International Journal of Education and Management Engineering, 9(2), 1-14.

Petrenko, S. (2021). Developing an Enterprise Continuity Program (pp. i-lxx). River Publishers.

Shukla, M., Tupsamudre, H., & Lodha, S. (2022). Enterprise Security: Modern Challenges and Emerging Measures. In Research Anthology on Business Aspects of Cybersecurity (pp. 441-470). IGI Global.

Zeebaree, S. R., Zebari, R. R., Jacksi, K., & Hasan, D. A. (2019). Security approaches for integrated enterprise systems performance: A Review. Int. J. Sci. Technol. Res, 8(12).