With the technological revolution, mre emphasis is now paid towards speed and powerful technology. Een McBride Financial Services has identified the providence of ‘efficient’ services as a key feature to their operations. Te increased need for speed has transformed the business domain but at the same time introducing risks to data and information. Iformation risks is perhaps the most common security risks associated with virtual operations. Te term refers to the unauthorized access of confidential or non-public information stored on computers by forbidden parties (Wurzler, 2013). I the McBride Financial Services, is computers could be holding thousands of terabytes of confidential customer information that may be exploited by unauthorized parties so as to cause monetary harm to its customers, nt to mention the image of the company too.
Abreach to confidential data can lead to an enormous financial loss as well as embarrassment to the business. Tus, iformation risks are a major problem for businesses that involve big data, prticularly those that depend on the World Wide Web for storage and access. Iformation Technology (IT) experts are in indentifying and assessing security risks that may threaten the working of computational infrastructures.
A such, tey evaluate the degree of harm that any particular threat can cause to the system. Wrzler (2013) points out that threat can be caused from internal as well as external sources, aso quoting the huge costs of Intellectual Property (IP) thefts and cyber crimes to IT giants like Symantec. Isider thefts are usually committed by a company’s own employees by manipulating the Internet Protocol (IP) addresses. Snce McBride would be holding a amount customer data that is filled out through its online forms, is employees remain potential candidates for breaching the security of the customer information.
Ceck and balance along with internal audit helps to reduce the number and occurrence of insider thefts. S, MBride could also work to reduce internal information thefts by placing the required checks. Eternal threats have historically caused a lot of harm to several companies. Te cost of repairing the system after an unauthorized attack is also high. Bt more importantly, bsiness that have been victim of attack also. ..
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