Risky Situation

Topics: Risk, Risk management, Management Pages: 7 (1497 words) Published: December 9, 2013
University of Phoenix Material

Risky Situations

Identify three types of sensitive information involved with each situation. Then, describe three ways in which each information item could be misused or harmed. For each of these, note at least one likely finding that you would include in a risk analysis report of the organization. Finally, answer the questions at the end.

Situation 1 – Online Banking System
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Bank Account Numbers
Can be used to steal the user’s funds.
Low/medium risk, high probability

Can be used by terrorist organizations for money laundering. Very high risk, medium possibility

Loss of brand reputation to the bank as being less secure.
medium risk, medium possibility
Account Numbers of Bills stored in Bill Pay
Used to access bill information and change information as personal attack on individual. Low/medium risk, medium probability

Used to access additional information about user through user’s profile through that particular bill. Medium risk, medium/high probability

Close account without user’s approval or them being aware as a personal attack against them. Medium/high risk, high probability.
Stock/investment information
Investments can be transferred to someone else’s name without users knowing or approval. High risk/low probability

Additional investments can be made in user’s name that are likely to fail, or to illegally support the investment company. High risk/low probability

Investments can be donated to charity without user’s consent or knowledge, leaving user with $0 left. High risk/low probability

Situation 2 – Facebook Page
(organization or personal – specify which)
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Access to friends list.
Can allow undesired persons to gain knowledge about someone that does not want their information seen by anyone but people they specify. Medium risk, low/medium probability

List can be emptied, severely affecting marketing for the organization. Very high risk, medium/high probability

Unapproved, negative, or undesired posts can be sent to large amounts of the target audience. False information being provided to organization’s target audience. High risk, medium high probability

Loss of brand reputation to the organization.
Medium risk, medium probability

Inappropriate or unauthorized photographs being uploaded to organization’s profile, viewable to the public. Loss of trust with customer base, negatively affecting business for the organization. High risk, medium probability.

Potential copyright infringement if images are legally protected. Very high risk, medium probability.

Negative media coverage broadcasting the intrusion to larger audiences, negatively affecting business for the organization. Very high risk, high probability.

Situation 3 – Picture Phones in the Workplace
Information Affected
Potential Harm (Risk)
Likely Finding in Risk Analysis Report
Pictures taken of proprietary designs being taken and leaked to the public. Loss of competitive advantage.
Very high, low probability

Loss of revenue due to competition having similar design.
Very high, low probability

Loss of trust of internal employees
High, medium probability
Pictures of customer information taken and stolen.
Loss of customer trust and as a result, their business.
Medium impact, medium probability

Legal ramifications from victimized customers
High impact, medium probability

Loss of trust of internal employees
High, medium probability
Images of classified documents being taken and released to the public. Loss of customer support and business.
Medium/high impact, medium probability

Depending on what information was released, could lead to political controversy and legal ramifications. Very high risk, medium probability

Loss of contracts, and thus revenue, from...
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