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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