Category: Information Systems

Main Objective of Information Security

Information Security Governance

Information security is the most crucial asset of any business. Information security management is the process of setting up all the required security controls for protecting the information (Atcovi, 2019, para. 1). Information Security Governance is a set of people within the organization to provide the road map for the organization to accomplish the targets by alleviating the dangers and dealing with the assets.

Outcomes and Benefits of Information Security Governance

Strategic Alignment: It means aligning the security prospects with the business objectives to achieve the goals. With strategic alignment, you can increase the store sale along with making the business more secure.

Good Governance helps in risk management. This is done by taking appropriate steps to manage or mitigate the risks and decrease possible impacts on resources.

It also helps in managing company resources by utilizing the knowledge of information security and infrastructure and putting the right resources in the right place for the proper work.

Vigorous Governance helps in providing valued delivery by effectively using security investments for achieving organizational goals.

Benefits

Expanding the consistency and decreasing the vulnerability of business activities by bringing data security-related dangers down to perceptible and adequate levels, which results in increasing customer trust.

A firm establishment for proficient and compelling risk management, improvement of process, and quick occurrence reaction identified with verifying data, which helps in maintaining the organization’s reputation.

Empowering new and better approaches to process electronic exchanges.

Value to Business

I can understand that you people are putting all your hard-earned savings into business scaling and Information Security management. But doing so will surely going to increase sales by broadening the business to a much larger area and attracting customers for the remote area as well that too without worrying about the It risks and security issues. All the IT risks and security issues will be managed by the security governance team appropriately. All this will undoubtedly result in a booming business.

Strategic Alignment Of Business

Strategic alignment is a series of steps from discussing the fundamental values of the company, defining the vision that is starting an online sale business, setting up the mission that is to increase the in-store sale, making a strategy of how to do everything while keeping in mind the security prospects and handling the outcomes. Every part of the organization is responsible for the alignment process as the board of directors set a road map for alignment, Senior management defines procedures to incorporate security with the business destinations, the Steering Committee audits security strategy and incorporation methods, ensures that process owner of the board of managers bolsters integration and Chief information security officer conceive security technique, administer the security program and activities and liaise with Business managers for alignment (Scholtz, 2009, paras. 2-6).

Risks and Impact on Business

E-commerce Online Security: With the internet comes various types of security threats that can impact the business very severely. For example, the attacker makes the website down by sending a virus or malware attack that can result in a massive loss of sales as well as degrading the reputation of the company.

Privacy Issues: With the eCommerce business, maintaining privacy becomes more tedious work. In the past, the company’s data has been compromised, which led to financial loss.

E-commerce marketing and SEO: With the regular change in the algorithms of the browser platforms, marketing of the website can go down, which further results in the decline of sales (Expert-commentator, 2018, paras. 2-4).

Information Security Manager

Information Security Managers are liable for ensuring their company’s device, networks, and information against dangers, for example, security ruptures, PC infections, or assaults by digital lawbreakers. Information Security Manager is liable for creating and overseeing Data Frameworks for digital security, including disaster recuperation, database insurance, and software improvement. Assesses the organization to ensure consistency with norms and significance with industry security standards. Requires a four-year certification. 1 – 3 years of supervisory experience might be required (Booty, 2006, pp. 24-28).

Role in Organisation

Data security influences all parts of an association. To guarantee that all stakeholders are influenced by security contemplations are included, a directing board of trustees known as the Steering Committee of administrators ought to be shaped. Individuals from this committee can be anyone from the HR department, legal team, Board of directors, marketing or sales team, and information security manager (Belding, 2019, para. 8).

Key Goals

Key Goal indicators are set to track the achievement of the business goals against those.

Governance: The governance procedure inside an association incorporates components, for example, definition and correspondence of corporate control, key arrangements, risk management at the enterprise level, and oversight and assessing business execution through adjusted scorecards.

Risk management: This helps in empowering an association to assess all-important business and administrative dangers and controls and screen moderation activities in an organized manner.

Compliance: It guarantees that an association has the procedures and inside controls to meet the prerequisites forced by legislative bodies, controllers, industry orders, or internal policies (MetricStream, 2014).

Conclusion

At last, I would recommend you follow the basic guidelines for scaling the drone business online and setting up sound IT security management. I wish you both for flourishing business and let me know if you need any further guidance for your business.

References

1. Atco. (2019). Fundamentals of Information Systems Security/Information Security and Risk Management. Retrieved October 6, 2019, from https://en.wikibooks.org/wiki/Fundamentals_of_Information_Systems_Security/Information_Security_and_Risk_Management
2. Belding, G. (2019). Information Security Manager Roles and Responsibilities. Retrieved October 6, 2019, from https://resources.infosecinstitute.com/roles-and-responsibilities-of-the-information-security-manager/#gref
3. Booty, K. (2006). Information Security Governance: Guidance for Boards of Directors and Executive Management 2nd Ed. Isaca.
4. Expert-commentator. (2018). 7 risks you need to know when launching your eCommerce business in 2018. Retrieved October 7, 2019, from https://www.smartinsights.com/ecommerce/ecommerce-strategy/7-risks-you-need-to-know-when-launching-your-ecommerce-business-in-2018/
5. MetricStream. (2014). Governance, Risk and Compliance Framework. Retrieved October 8, 2019, from https://info.metricstream.com/GRC-framework.html
6. Scholtz, T. (2009). Seven ways to align security with the business. Retrieved October 9, 2019, from https://www.computerweekly.com/opinion/Seven-ways-to-align-security-with-the-business

How Are Information Systems Transforming Business, and Why Are They so Essential for Running and Managing a Business Today?

The manner in which businesses are done in the modern era have been altered a lot by the usage of information system in the firms all around the world. Information system has made processing faster in any firm. The data about inventory is available on the computers and the orders are processed over the computers and in this way the count of things go out are added up for purchase by the information system, thus there is no manual counting of products leading to faster overall working of the company. The cost of inventory has been reduced to a great extent. Another most significant change that can be seen in the running of businesses nowadays is interaction between employees of one branch another and communication between customers and the company representatives, all things are done over the Internet, thus saving a lot of time that was spent on travelling from one location to another and other saving is of money, travelling and stay expenses are very less these days just because of online meetings through video conferencing.

The form in which almost all the important financial relationships between both the organization and its clients, vendors and executives are electronically prompted and key corporate assets are managed by electronic means is called a digital company. Relationships with potential customers, suppliers and employees become digitally enabled and mediated meaningful working. Core business processes are passed out via the digital media channels, spanning the entire organization or linking multiple institutions. Key corporate assets— intellectual property, core legislative powers and financial and human assets — are digital files managed. Internal and external environments are identified and metabolized quickly.

Globalization and innovation have made the world like a single city. The primary the truth is that organizations can achieve new markets substantially more proficiently and rapidly than previously. Most associations, paying little mind to measure, have held onto this reality as it grows their potential client base essentially. Truth be told, 58% of private ventures affirmed they as of now have global clients. Growing to global markets makes difficulties, however. At the point when your client lives in your neighborhood and working together is moderately straightforward. Working through an agreement change with a client, an NDA with an accomplice, or a request shape with a merchant can be as straightforward as dropping by their office. It’s not all that basic when the client, accomplice, or seller is on the opposite side of the world, however.

Associations extending internationally should perceive the nations they are venturing into have distinctive arrangements of controls and consistence necessities than their nation of origin. Not conforming to those directions produces significant hazard. For example, with GDPR fines maximizing at up to 4% of an organization’s income or €20 million, being on the wrong side of the law can handicap your business.

With each test comes a chance, however. Numerous associations have taken a gander at getting to be GDPR-agreeable as a chance to not just refine their information maintenance and residency approaches, however to likewise advance procedures and increment their general security act.