Question

identify and briefly discuss three important factors to be aware of for organization that store data in database connected to their management information system?

list and briefly describe 3 points identified from the open revolution class discussion?

why should a business complete a threat and risk assessment of their mis?

Answer 1

1.

The first factor is the accuracy of the data collected and to be used for the management information system. It is the data upon that, the decision is based using MIS. So, the accuracy of the informed decision, is dependent upon the accuracy of the data. The second factor is the security of the data used for MIS, because theft of the data, can help competitors knowing the organization's strategy in advance. Besides, the organization can also lose the competitive edge in the market. So, data security should be given due importance. The third factor is the network security using different tools and applications such as firewall, cloud storage and encryption of the data so that data cannot be hacked by any unauthorized entity. It will preserve the data and make it precisely available only for the management to use it for decision making process.

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3.

Business should complete threat and risk assessment on MIS, because it will help them prevent loss of data due to any unauthorized access to it. The assessment will help, determining the level of risk to the data, scope of threat and on the basis of it, risk and threat management plan is prepared. the plan involved corrective as well as preventive control both so that data security and integrity is preserved and any efforts to access it with malicious intent is thwarted. It is only possible with the help of threat and risk assessment work.

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