...confidentiality, integrity and availability of its Information Resources. To accomplish this task, a formal Information Security Risk Management Program has been established as a component of the Organization's overall risk management policy and is an integral part of Fay’s Information Security Program to ensure that Fay is operating with an acceptable level of risk. The Information Security Risk Management Program is described in this Policy. 2. Overview Risk Management is the continuous process which allows Fay’s business owners to balance the operational and economic costs of protective measures while achieving gains in mission capability,...
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...Activity | Assignment Responses | Part I | From the Chief Compliance Officer (CCO) perspective on HIPAA, contemplate the three basic areas which HIT professionals must be most concerned with are: (1) Privacy Rules (2) Security Rules, and (3) Standardized transaction code sets | Write a paragraph on each of the 3 critical areas of HIPAA for a training session of your staff. Explain what they are, why they are important and how they impact staff duties and the organization. | HIPAA Rules (1) Privacy Rules: HIPAA Privacy Rules involves federal protection of individually identifiable health information and guarantees patient rights and prevents healthcare fraud and abuse. This is important to prevent identity theft (especially in the fraudulent use of health insurance) by reducing fraudulent use of patients social security numbers/birthdates, protecting a patient diagnosis and treatment and any other personal patient information (address, home/work phone numbers, place of work). This will impact staff and organization by what information can be accessed (ROI or Release of Information) by what staff and what information the organization/hospital may release to third parties whether it is another physician/hospital or insurance company. (2) Security Rules: HIPAA manadated series of rules which safeguards the integrity of administrative, physical, and technical information (EPHI- Electronic Protected Health Information).Will allow covered entities to adopt policies to improve...
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...Answer b: The system flow chart of the existing system is as follows: Answer c: There are many physical internal control weaknesses are present in the given system. Some of them are described here. * Physical count of inventory * wasteful and inefficient use of resources * poor management decisions * unintentional errors recording or processing data * accidental loss or destruction of records * loss of assets through employee carelessness * lack of compliance by employees with management policies The above are all the some weaknesses which are not present. If management wants to overcome these weaknesses in short time then first change the policy and make new strategy and immediately implement on the business to get the good results in less time. If the organization keeps going on the old policies and with the weaknesses then it will lead a failure or may be shutdown of operations in future. Internal control means different things to different people. This causes confusion among businesspeople, legislators, regulators and others. Resulting miscommunication and different expectations cause problems within an enterprise. Problems are compounded when the term, if not clearly defined, is written into law, regulation or rule. This report deals with the needs and expectations of management and others. It defines and describes internal control to: 1. Establish a common definition serving the needs of different parties. 2. Provide a standard...
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...for overseeing the implementation and effectiveness of information security in the civilian federal agencies. In effect, the Director of the OMB functions as the Chief Information Security Officer (CISO) of the federal government, as far as unclassified systems and networks are concerned. The Director is to oversee the development of information security policies, principles, standards, and guidelines. Ensuring that agencies comply with FISMA requirements and, when necessary, enforcing accountability are major initiatives”. (Herrmann, 2007) Here at the USGA IT department it is our jobs to make sure all the proper paper work is in order before our CIO come to audit us. The OMB give our CIO list of regulations to stay in compliance with the five requirements standard mandate from the Homeland Security. Now through out next couple slide I going discus a strategy plan to put in place in order to be in compliance with the OMB and you see the necessary need for more employee. n Here at USGS one of my main job as IT manger is to put the ball in motion on all policy that was mandate in FISMA and head up information security program on all IT systems. The first task would be to recertify all of our high thread level computer in compliance with the audit guide lines. In order to do this we will need some of our employee to go through a couple of training course. In also we will have to set up different level of security clearance for each employee and put in place some kind...
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...WEEK 10 TERM PAPER “The Rookie Chief Information Security Officer” Terri Cooks Professor Parker SEC 402 June 15, 2014 Part 1: Organization Chart When looking at the many different roles within the management of any organization’s security program there are some titles that stand out. One would be the CISO. The CISO is the executive whose responsibility is to maintain entire security backbone, both physical and digital. In an article written for the Sans Institute by Matthew Cho, “CISO Roles and Responsibilities: According to the latest information, almost sixty percent of the organizations in the United States acknowledge the existence of a CISO dedicated entirely to security (Ware). Responsibilities for these individuals include ensuring proper protection for all physical and technical aspects of the organization. Technical aspects ranging from securing communications, applications, and business systems to performing risk assessments of IT assets exposed to outsiders on the Internet. Physical aspects including non-electronic factors such as physical site access as well as drafting policies and procedures for secure daily operations. Along with overseeing the organization’s physical and technical security implementation, CISOs are also responsible for security management activities. These activities may include training others for security awareness, purchasing security products, planning for and managing disaster recovery, developing secure business and communication...
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...Disaster Recovery Plan: A Risk Management Strategy CIS 359 8/25/13 Professor Michelle Hansen CEO CEO CISO CISO CIO CIO IT Procurement Specialist IT Procurement Specialist IT Security Compliance Officer IT Security Compliance Officer IT Security Engineer IT Security Engineer Needs to monitor compliance with the security directives ,and overall policy to ensure IT effectiveness. Needs to monitor compliance with the security directives ,and overall policy to ensure IT effectiveness. Use results and feedback from various other sources to form a system budget enquiry that will help with financial planning Use results and feedback from various other sources to form a system budget enquiry that will help with financial planning Helps ensure the programs uptake and success. Helps ensure the programs uptake and success. Privacy Security Professional Privacy Security Professional Security Manager Security Manager Need to ensure that awareness and training requirements are established within the organization’s position and ensure that staff receives effective professional development services. Need to ensure that awareness and training requirements are established within the organization’s position and ensure that staff receives effective professional development services. Can help identify training sources, evaluate vendor based and other training sources and aid in the development of awareness and other training materials. ...
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...Global Technology Audit Guide Auditing IT Governance Global Technology Audit Guide (GTAG®) 17 Auditing IT Governance July 2012 GTAG — Table of Contents Executive Summary......................................................................................................................................... 1 1. Introduction................................................................................................................................................ 2 2. IT Governance Risks................................................................................................................................... 7 3. Aligning the Organization and IT — Key Considerations................................................................ 12 4. The Role of Internal Audit in IT Governance............................................................................ 15 Conclusion....................................................................................................................................................... 18 Authors and Reviewers.............................................................................................................................. 18 Appendix — IT Governance Risk Assessment/Engagement Planning Considerations............................................. 19 iv GTAG — Executive Summary Executive Summary To support the heightened importance of IT governance and the mandatory nature of the International Standards...
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...Global Technology Audit Guide Auditing IT Governance Global Technology Audit Guide (GTAG®) 17 Auditing IT Governance July 2012 GTAG — Table of Contents Executive Summary......................................................................................................................................... 1 1. Introduction................................................................................................................................................ 2 2. IT Governance Risks................................................................................................................................... 7 3. Aligning the Organization and IT — Key Considerations................................................................ 12 4. The Role of Internal Audit in IT Governance............................................................................ 15 Conclusion....................................................................................................................................................... 18 Authors and Reviewers.............................................................................................................................. 18 Appendix — IT Governance Risk Assessment/Engagement Planning Considerations............................................. 19 iv GTAG — Executive Summary Executive Summary To support the heightened importance of IT governance and the mandatory nature of the International Standards for the Professional...
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...Project Part 1 Task 1: Risk Management Plan EC-Council University Introduction A risk management plan (RMP) is important to the DLIS and DLA because it will help us to identify and mitigate IT risks before they become catastrophic issues. This RMP will outline the objectives of the DLIS, the risks associated with the DLIS IT infrastructure, quantify these risks, develop a response plan to these risks by identifying roles and responsibilities of individuals, and control these risks. Controlling the risks that have been identified will happen in one of two methods: establish a reserve by allocating risk contingencies for known risks or through the continuous monitoring established as part of this plan. Outline for RMP 1) Identify the objectives of the DLIS a) Organizational financial goals b) Organizational risk acceptance levels c) Organizational business goals 2) Identify risks d) Identify potential risks to the DLIS infrastructure e) Review previous RMP’s for identified risks and their priority levels 3) Develop a Response Plan f) Define each risk, to include probability and potential negative impact g) Identify roles and responsibilities of individuals and organizations to mitigate risks 4) Quantify Each Risk Identified h) Identify high cost objectives i) Identify high cost mitigation techniques j) Identify high loss critical infrastructure 5) Control Risk k) Establish...
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...Homework: Term Paper GEB2430 Business Ethics & Social Responsibility Dr. Harvey Weiss June 16th, 2012 Abstract The main purpose of this research paper is to show how the Sarbanes-Oxley Act of 2002 may have contributed to holding corporate executives accountable for their actions then and for the future. This research paper will examine and discuss the origin of the Sarbanes-Oxley Act and go into detail regarding the eleven titles, or sections, of the document that it consists of. This research paper will then touch upon the different countries around the world that have been subsequently enacted with the Sarbanes-Oxley Act and conclude with the debates over the perceived benefits and costs from both opponents and proponents. The following research paper will prove to be useful for any executive running a public corporation. After reading this research paper, one will come to discover and understand the new standards implemented for corporate accountability as well as the new penalties for acts of wrongdoing. Body The Sarbanes–Oxley Act of 2002, also known as the “Public Company Accounting Reform and Investor Protection Act” by the Senate and “Corporate and Auditing Accountability and Responsibility Act” by the House of Representatives and commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law passed on July 30, 2002, which set new or enhanced standards for all United States public company boards, management and public accounting firms. It...
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...Risk Management Plan YIELDMORE Version 1.0.1 Table of Contents Executive Summary...………………………………………………………..3 1.0 Introduction..……………………………………………………………..4 1.1 Purpose of the Risk Management Plan……………..…….....4 2.0 Risk Management Procedure……….…………………………………...4 2.1 Objectives……………………………………………………4 2.2 Scope………………………………………………………...4 2.3 Compliance Laws and Regulations…………….………………….…....5 2.3.1 PCI DSS Summary ………………………………..…....…5 2.3.2 Sarbanes Oxley Act Summary ………………………..…..6 2.4 Roles and Responsibilities……………………………………..….…..6 2.4.1 Threat Identification………………………………………..7 2.4.2 Methods for Risk Identification……………………...…….7 2.4.3 Vulnerability Identification...………………………...…….7 2.4.4 Pair Threats & Vulnerabilities……………………...………8 2.5 Risk Analysis………………………………………………….……......8 2.6 Risk Monitoring……………………………………………....………..9 2.6.1 Risk Management Plan Approval………………………….10 Executive Summary A risk is an event or condition that if a threat exploits vulnerability there could be a positive or negative effect on a business or project. Risk Management is the practice of identifying, assessing, controlling and mitigating risks. This document is a guideline in completing a Risk Management Plan. The Risk Management Plan describes the vulnerabilities and threat pairs that could be a potential risk, and outlines a plan to be performed, recorded, and monitored with control measures. The Risk Management Plan is important because it outlines...
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...Department of Defense INSTRUCTION NUMBER 8500.01 March 14, 2014 DoD CIO SUBJECT: Cybersecurity References: See Enclosure 1 1. PURPOSE. This instruction: a. Reissues and renames DoD Directive (DoDD) 8500.01E (Reference (a)) as a DoD Instruction (DoDI) pursuant to the authority in DoDD 5144.02 (Reference (b)) to establish a DoD cybersecurity program to protect and defend DoD information and information technology (IT). b. Incorporates and cancels DoDI 8500.02 (Reference (c)), DoDD C-5200.19 (Reference (d)), DoDI 8552.01 (Reference (e)), Assistant Secretary of Defense for Networks and Information Integration (ASD(NII))/DoD Chief Information Officer (DoD CIO) Memorandums (References (f) through (k)), and Directive-type Memorandum (DTM) 08-060 (Reference (l)). c. Establishes the positions of DoD principal authorizing official (PAO) (formerly known as principal accrediting authority) and the DoD Senior Information Security Officer (SISO) (formerly known as the Senior Information Assurance Officer) and continues the DoD Information Security Risk Management Committee (DoD ISRMC) (formerly known as the Defense Information Systems Network (DISN)/Global Information Grid (GIG) Flag Panel). d. Adopts the term “cybersecurity” as it is defined in National Security Presidential Directive-54/Homeland Security Presidential Directive-23 (Reference (m)) to be used throughout DoD instead of the term “information assurance (IA).” 2. APPLICABILITY a. This instruction applies to: (1) OSD, the...
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...Department of Defense INSTRUCTION NUMBER 8510.01 November 28, 2007 ASD(NII)/DoD CIO SUBJECT: References: DoD Information Assurance Certification and Accreditation Process (DIACAP) (a) Subchapter III of Chapter 35 of title 44, United States Code, “Federal Information Security Management Act (FISMA) of 2002” (b) DoD Directive 8500.01E, “Information Assurance (IA),” October 24, 2002 (c) DoD Directive 8100.1, “Global Information Grid (GIG) Overarching Policy,” September 19, 2002 (d) DoD Instruction 8500.2, “Information Assurance (IA) Implementation,” February 6, 2003 (e) through (ab), see Enclosure 1 1. PURPOSE This Instruction: 1.1. Implements References (a), (b), (c), and (d) by establishing the DIACAP for authorizing the operation of DoD Information Systems (ISs). 1.2. Cancels DoD Instruction (DoDI) 5200.40; DoD 8510.1-M; and ASD(NII)/DoD CIO memorandum, “Interim Department of Defense (DoD) Information Assurance (IA) Certification and Accreditation (C&A) Process Guidance” (References (e), (f), and (g)). 1.3. Establishes or continues the following positions, panels, and working groups to implement the DIACAP: the Senior Information Assurance Officer (SIAO), the Principal Accrediting Authority (PAA), the Defense Information Systems Network (DISN)/Global Information Grid (GIG) Flag Panel, the IA Senior Leadership (IASL), the Defense (previously DISN) IA Security Accreditation Working Group (DSAWG), and the DIACAP Technical Advisory Group (TAG). 1.4. Establishes a C&A process...
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...or enhanced standards for all U.S. public company boards, management, and public accounting firms that the SOX required. Corporate governance becoming increasingly subject to stakeholder scrutiny, compliance to and deployment of a set of financial management standards has become mandatory for the board of directors of most organizations. The Sarbanes-Oxley Act of 2002 (Pub. L. No. 107-204, 116 Stat. 745, also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called SOX or SarbOx; July 30, 2002) is a United States federal law passed in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, and WorldCom (now MCI). These scandals resulted in a decline of public trust in accounting and reporting practices. Named after sponsors Senator Paul Sarbanes (D–Md.) and Representative Michael G. Oxley (R–Oh.), the Act was approved by the House by a vote of 423-3 and by the Senate 99-0. The legislation is wide ranging and establishes new or enhanced standards for all U.S. public company Boards, Management, and public accounting firms. The Act contains 11 titles, or sections, ranging from additional Corporate Board responsibilities to criminal penalties, and requires the Securities and Exchange Commission (SEC) to implement rulings on requirements to comply with the new law. The first and most important part of the Act establishes a new...
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...History And Background On Bursa Malaysia Finance Essay Today, Bursa Malaysia is one of the largest bourses in Asia with just under 1000 listed companies offering a wide range of investment choices to the world. Bursa Malaysia operates as a fully integrated exchange, offering the full range of Exchange-related services including clearing, trading, settlement and depository services. In 1930, the first formal securities business organization in Malaysia, Singapore Stockbrokers’ Association was established and it was re-registered as the Malayan Stockbrokers’ Association in 1937. In 1960, the Malayan Stock Exchange was established and the public trading of shares commenced. Direct telephone lines linked the board system had trading rooms in Singapore and Kuala Lumpur. The Stock Exchange of Malaysia was established in 1964. In 1965, the Stock Exchange of Malaysia became known as the Stock Exchange of Malaysia and Singapore with the secession of Singapore from Malaysia. The Stock Exchange of Malaysia and Singapore was divided into the Kuala Lumpur Stock Exchange Berhad and Stock Exchange of Singapore due to the ceased of currency interchangeability between Malaysia and Singapore in 1973. The operation of the Kuala Lumpur Stock Exchange Berhad was taken over by the Kuala Lumpur Stock Exchange which was incorporated on December 14, 1976 as a company limited by guarantee. The name Bursa Malaysia Berhad changed on April 14, 2004. The purpose was to enhance their competitive position...
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