Using the information below, answer the following questions: 1). Suggest the top five security threats...

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Accounting

Using the information below, answer the following questions:

1). Suggest the top five security threats that you will address based on the annual loss estimates.

2). Indicate the amount of funding required to deal with those top five security threats and your recommended approaches to deal with the threats.

Scenario:

Anticipating that the new enterprise system will be prone to security risks, you plan to approach Erin Dauchy for funding to secure the new system. Before you approach him with a funding request, you need to conduct an analysis and estimate the loss of revenue due to security incidents for the new system. You arrived at the security risks, probability of occurrence, and associated costs listed in the table below. Estimate the anticipated total annual loss of revenue due to security incidents based on the information provided in the table. For this assessment, please follow the instructions below to submit your final documents.

Security Incident Cost Per Incident Frequency of Occurrence Occurrence Annual loss
improper use by employees $5,000 1 per week 52 $260,000
loss of intellectual property $75,000 1 per 6 months 2 $150,000
software piracy $1,000 1 per two weeks 26 $26,000
theft of information (hacker) $5,000 1 per three months 4 $20,000
theft of information (employee) $5,000 1 per 6 months 2 $10,000
web defacement $1,000 1 per 2 months 6 $6,000
theft of equipment $5,000 1 per four months 3 $15,000
viruses, worms, trojan horses $5,000 1 per month 12 $60,000
denial-of-service attack $12,000 1 per four months 3 $36,000
earthquake $250,000 1 per 25 years 25 $10,000
flood $220,000 1 per 12 years 12 $18,333
fire $450,000 1 per 8 years 8 $56,250
TOTAL ANNUAL LOSS $667,583

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