MIS response

Question

Cyber Security and Risk Management

Read at least two (2) academically reviewed articles on Cyber Security and Risk Management and complete the following activities:

(Wikipedia articles will not be accepted. Professor may check originality of all posts. Avoid copy-and-paste.

1.     Summarize the two (2) articles in 300 words or more. Please use your own words. No copy-and-paste

2.     Base on your article review and the assigned reading, discuss the relationship between cyber security and risk management.

3. As an IT manager, discuss how you will use the concepts discussed in the four articles in the management of IT risks within your company.

4. Dashboards are used in thousands of businesses every day. Review this dashboard and discuss how the government, hospitals and others could benefit by something like this: https://ncov2019.live/map . Be sure to go to the top of the page and look at both data and map. Discuss how risk management comes into play here.

Discussion Answer

Cybersecurity is also referred to as information security. Cybersecurity deals with the confidentiality, availability, and integrity of information. Cybersecurity involves the tools and technologies and risk management methods. Cybersecurity is a group of technologies that are designed to secure networks and computers. It helps to protect the data from unauthorized access and attacks. There are two types of network security systems, they are computer security systems and network security systems. This system consists of anti-virus software and firewalls. It consists of intrusion detection systems. There are two types of intrusions in the security breaches. They are an internal intrusion and an external intrusion. Here network analysis is of three types. They are hybrid, anomaly-based, and misuse-based. The attacks that can be detected by using signatures are called misuse-based attacks. To study the behavior of normal networks and systems comes under anomaly-based detection technique. The hybrid attack comes with both misuse-based attacks and anomaly-based attacks (Halima Ibrahim Kure, 2018).

Risk management is the process in which it refers to identifying the risk issues in advance. It is also used to analyze the organizations to take preventive measures to reduce the risk. It is used to develop a framework to analyze corporate risk management. Corporate risk management is one of the main important objectives in the financial industries. From the researchers, risk management is an important deal of attention. These risk management strategies are developed in various settings. Externally the amount of money raises leads to variability. This process is completely undesirable. The supply is elastic in external finance. In this process, an organization hedging strategy is clearly explained. It is mainly based on financial opportunities and investment. In an organization, a completely developed risk management mechanism is enabled. Taxes and managerial motives are some of the other assumptions of corporate risk management. To minimize the risk in business firms, employees in organizations are practicing risk management(Xin et al., 2018).

References

Halima Ibrahim Kure (2018) An Integrated Cyber Security Risk Management Approach for a Cyber-Physical System, Retrieved from,al.,

Xin, Y., Kong, L., Liu, Z., Chen, Y., Li, Y., Zhu, H., ...& Wang, C. (2018). Machine learning and deep learning methods for cybersecurity. IEEE Access, 6, 35365-35381

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