Question

For each scenario described, (1) identify the potential control issues/threats/vulnerabilities and (2) recommend applicable preventive, detective, and/or corrective control procedures. Please write your answers in well-developed, complete sentences.

The VP of Sales, Carol, has sent you an email relating to her suspicions and would like for you to respond:

I don’t want to sound paranoid, but it seems like we are getting beat out of our electronic contract bids by the same company each and every time. I don’t think we have an inside mole in our department, I know we have been really tight on authentication and authorization controls when it comes to our contract bidding as its only me and one other person that does this. Can you tell if someone is able to either break into our system to get these files or is intercepting them at all? What are the controls that we can put in place to really ensure that this does not happen?

Answer 1

Potential dangers and vulnerabilities are those things which can turn out to be heartbreaking for the organization's execution and ought to be considered if there should arise an occurrence of basic leadership inside the organization.

Conceivable Threats/Control/Vulnerabilities

The conceivable dangers alluded in the previously mentioned case is robbery of information of the organization which will result in money related misfortunes to the organization and can make the matter of the organization reach to an end, will adversy affect the organization in long haul.

Client's confidence on workers will get lessened because of such sheer carelessness by representatives. as it is said that " we create what the client requests". .This will hugy affect the benefits of the organization as number of clients will be lessened , along these lines affecting deals and benefits over the long haul.

there are odds of representatives utilizing the assets of organization determinedly which will expand the money streams and Thereby working salary of the organization will be influenced unfavorably.

Thus, there ought to be clear feeling of power and obligation among the employees.As referenced for the situation, sufficient remuneration ought to be charged from the concerned representative to keep any such further acts. furthermore, clear arrangements ought to be made with respect to the forces and obligations of the representatives. Suitable preparing and evaluation projects ought to be perceived for representatives.

Control techniques:

Sufficient evaluation and preparing expenses ought to be fused in the financial plan.

Counteractive action costs, i.e. the expenses caused to keep the low quality of merchandise and services.These are acquired before real activity and is worried about plan, execution and upkeep of value the board framework.

Legitimate direction ought to be given to representatives and work well disposed air is kept.

Clear division of power and duty ought to be made.and legitimate arrangement with respect to appointment of power ought to be fused.

Sufficient punishment ought to be put forth in defense of resistance of laws made by the supervisory crew albeit suitable measures ought to be made for enhancing the representative assurance with the goal that they work proficiently and viably for the satisfaction of organization's targets.

Sufficient administration control systems and cost the executives methods ought to be affirmed and actualized.

Assets of the organization ought to be used in the most productive and viable way conceivable. In the event that tyhere is any arrangement of key work, it ought to be set up as per articulation of positioning and p[roduct giving top level input ought to be used.

End:

Presentation of the representatives towards organization's assets should de viably controlled.. Legitimate consideration cshould be taken in regards to this issue.We should contact the leasing experts andd endeavor to recoup our information as though it will go into wrong hands, it can end up being heartbreaking to the organization.