Companies Should Not Be Held Liable

Topics: Management, Protection, Strategic management Pages: 3 (859 words) Published: August 23, 2013
7/28/2013
7/28/2013
Lenora Flanagan
Keller Graduate School of Management
PROFESSOR LESLIE FAISTL
AIS-571 ACCOUNTING INFORMATION SYSTEMS
Lenora Flanagan
Keller Graduate School of Management
PROFESSOR LESLIE FAISTL
AIS-571 ACCOUNTING INFORMATION SYSTEMS
Companies Should Not Be Held Liable
Attacks on AIS by Outside Sources
Companies Should Not Be Held Liable
Attacks on AIS by Outside Sources

Companies should not be held liable for losses sustained in a successful attack made on their AIS by outside sources. What Information Should We Protect?
Information that is not generally known outside a given American business or industry could give us a competitive advantage. Such information need not be revolutionary, but can, and most probably will be, a simple improvement in the way a certain American industry produces a product or does business. It may pertain to a technical modification, a new technique, personnel policy, or a management concept. The key question — does it enhance our competitiveness? The Information Audit

In practical terms an information audit requires each business unit, staff, or research manager to review his/her operation with the objective of answering one question — what qualities of my unit or business cause it to be unique and thus give it a competitive advantage? Once this audit has been conducted, a security professional can estimate the cost of a reasonable level of protection, thus allowing the manager to make a business decision as to how much he/she is willing to spend to protect the competitive information. Frequently, such protection is cost free because procedural changes can often address the vulnerable areas. In any event, the audit allows the manager to make an affirmative, active business decision on protecting competitive information, rather than passively letting the issue lie unaddressed and hoping for the best.

Levels of Information Protection
General
The normal and prudent security steps taken by a...
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