{"id":3239,"date":"2023-01-02T10:54:58","date_gmt":"2023-01-02T10:54:58","guid":{"rendered":"https:\/\/sampleassignmenthelp.com\/?page_id=3239"},"modified":"2023-01-02T10:55:03","modified_gmt":"2023-01-02T10:55:03","slug":"information-system-risk-and-security","status":"publish","type":"page","link":"https:\/\/sampleassignmenthelp.com\/information-system-risk-and-security\/","title":{"rendered":"Information System Risk and Security"},"content":{"rendered":"

QUESTION<\/strong><\/p>\n

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ANSWER<\/strong><\/p>\n

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Introduction<\/h1>\n

Risk assessment is essential for any organization in order to prevent the probably issues that may occur in future. It will aid to implement proper strategies and methods for the prevention of the threats and vulnerabilities that the organization is likely to come across. The report highlights the value creation activities adopted by The Sprout Foundation. It highlights the analysis of the impact and the tolerance capacity of the organization to cope up with the situation. It discusses the risks of The Sprout Foundation based on the priority of the risks.<\/span><\/span><\/span><\/span><\/p>\n

<\/a>1. Risk <\/span>Identification<\/h1>\n

<\/a>1.1 Value Creation Activities and the <\/span>Strategies<\/h2>\n

The Sprout Foundation mainly focuses on development of society by organizing developmental projects in marginalized areas of various countries. As influenced by <\/span><\/span><\/span><\/span>Denison <\/span><\/span><\/span><\/span>et al.<\/i><\/span><\/span><\/span><\/span> (2019, p. 61)<\/span><\/span><\/span><\/span> the organization has expanded in prominent cities of Australia, Pacific and Asian countries. It coordinates with major cities which aid them to raise funds for community developmental activities initiated by the Sprout Foundation for the community development of that region. As influenced by <\/span><\/span><\/span><\/span>Lock (2017, p.78) <\/span><\/span><\/span><\/span>community development activities adopted by the Sprout Foundation focuses on development of children residing in marginalized areas of that region. The Sprout Foundation sponsors for education of children. The Sprout Foundation has collaborated with local schools to increase the opportunities available for children to acquire higher education. Organization is also funding for the associated costs of education such as cost incurred for study materials and school uniforms. It also considers cost incurred for technological advancements required for developmental activities. The Sprout Foundation is also subsidizing meals that are being provided to the school going children. The organization also facilitates fund for developmental activities related to enhancement of infrastructure in marginalized regions.<\/span><\/span><\/span><\/span><\/p>\n

The Sprout Foundation also funds for building of the essential facilities such as schools, clean water wells, health clinics which are the basic necessities of any community. As mentioned by <\/span><\/span><\/span><\/span>Worth (2018, p.175) <\/span><\/span><\/span><\/span>the Sprout Foundation had developed a new Community Co-Operative Improvement Programme (CCOIP) which strives to encourage the marginalized societies of a region to cooperate with each other. The CCOIP aims to coordinate the various marginalized section in order to produce a product and sell the produce in the regional market.<\/span><\/span><\/span><\/span><\/p>\n

As mentioned by Saltzman <\/span><\/span><\/span><\/span>et al. <\/i><\/span><\/span><\/span><\/span>(2018, p. 52) initiatives adopted by the Sprout Foundation mainly focuses on the development of children residing in marginalized sections of the community. This will have a positive impact on the community that promotes the weaker section of the society for their development. It mainly focuses on funding the education of the children. As highlighted by <\/span><\/span><\/span><\/span>Saltzman <\/span><\/span><\/span><\/span>et al.<\/i><\/span><\/span><\/span><\/span> (2018, p.52) <\/span><\/span><\/span><\/span>enhancement in the educational qualification will enhance the job opportunities available to the children in future. <\/span><\/span><\/span><\/span><\/p>\n

The Sprout Foundation needs to focus on the development other dimensions of basic needs for survival. As highlighted by <\/span><\/span><\/span><\/span>Saltzman <\/span><\/span><\/span><\/span>et al. <\/i><\/span><\/span><\/span><\/span>(2018, p.56)<\/span><\/span><\/span><\/span> other dimensions that are essential for development of the children in an underdeveloped community is child health care facilities which accounts for availability of proper nutritional diet and proper health care for all round development of children. As highlighted by <\/span><\/span><\/span><\/span>Saltzman <\/span><\/span><\/span><\/span>et al. <\/i><\/span><\/span><\/span><\/span>(2018, p.56)<\/span><\/span><\/span><\/span> community cooperation method adopted by the Sprout Foundation encourages to coordinated among the marginalized section in a region for the development by producing a product which will provide with earning opportunities to the people of the society. This will positively impact on society which as it will provide with an opportunity to raise the standard of living of the residents.<\/span><\/span><\/span><\/span><\/p>\n

<\/a>1.2 Roles of individuals and Departments<\/span><\/h2>\n

Collaboration of various departments in the Sprout Foundation aids in development of marginalized section of the society. They mainly focus on the area wise development of the marginalized sections of the society. This department mainly deals with the infrastructure development which enhances the standard of basic necessities that are essential for survival. The development of the schools, health clinics, wells for clean water is done under the observation of this department. <\/span><\/span><\/span><\/span><\/p>\n

The Sprout Foundation has a financial and auditing department which looks into the matters related with the funding acquired by various institutions like World Bank and UNDP. As influenced by <\/span><\/span><\/span><\/span>Cammack (2017, p.17)<\/span><\/span><\/span><\/span> it also acts as a medium of collaboration among various organization which helps to raise the funds from various countries for the developmental activities taking place in marginalized sections. As influenced by <\/span><\/span><\/span><\/span>Cammack (2017, p.15) <\/span><\/span><\/span><\/span>it also deals with allocation of the fund in various developmental activities and also provides an account of expenditures in various developmental activities to the World Bank and UNDP. <\/span><\/span><\/span><\/span><\/p>\n

As mentioned by <\/span><\/span><\/span><\/span>Yang <\/span><\/span><\/span><\/span>et al.<\/i><\/span><\/span><\/span><\/span> (2017, p.175) <\/span><\/span><\/span><\/span>the Sprout Foundation has a TSF Partner network which is having a wider network in Pacific and Asian communities. This enhances the opportunities for Sprout Foundation to raise fund as well as carry on developmental activities in the underdeveloped regions of other countries. Various partners associated with the Sprout Foundation helps to promote TSP SPROUT, the brand of the Sprout Foundation which encourages the residents to produce a quality product which is being sold in surrounding regional areas. As highlighted by Zhang<\/span><\/span><\/span><\/span> et al <\/i><\/span><\/span><\/span><\/span>(2015, p. 1928) information Technology Department associated with the Sprout Foundation has aim to improve inflow of the funds and even assess the management of the funds that is being raised. The issues related to the IT department get commissioned to Business Information Systems Manager. It also handles the information assets of the Sprout Foundation.<\/span><\/span><\/span><\/span><\/p>\n

Human Resource team of the Sprout Foundation which comprises of one Manager and two Human Resource Specialist focuses on managing and maintaining the human resource pools. It focuses on enhancement of technology used to acquire and manage human resources. There are many human resource management tools such as SAAS which aids in proper human resource allocation in various departments of the Sprout Foundation.<\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n\n
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Departments<\/b><\/span><\/span><\/span><\/p>\n<\/td>\n

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Responsibilities<\/b><\/span><\/span><\/span><\/p>\n<\/td>\n

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role<\/b><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

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Community development department<\/span><\/span><\/span><\/p>\n<\/td>\n

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Focus on infrastructural development and enhancement of basic facilities<\/span><\/span><\/span><\/p>\n<\/td>\n

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Infrastructure development<\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

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Finance and Auditing Department<\/span><\/span><\/span><\/p>\n<\/td>\n

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Handles corporate data as well as reports to the World Bank and UNDP regarding incurred expenditure.<\/span><\/span><\/span><\/p>\n<\/td>\n

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Handling corporate and sales data<\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

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Information Technology Department<\/span><\/span><\/span><\/p>\n<\/td>\n

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Assess inflow of funds as well as manages the information assets <\/span><\/span><\/span><\/p>\n<\/td>\n

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Information system management<\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

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Human Resource Team <\/span><\/span><\/span><\/p>\n<\/td>\n

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Manages human resource pool working for the organization.<\/span><\/span><\/span><\/p>\n<\/td>\n

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Recruiting skilled people<\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Table 1: roles and responsibilities of different departments<\/b><\/span><\/span><\/span><\/span><\/p>\n

(Source: influenced by <\/span><\/span><\/span><\/span>Worth, 2018, p. 63)<\/span><\/span><\/span><\/span><\/p>\n

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<\/a>Figure 1: Responsibilities of Various Departments<\/span><\/h2>\n

(Source: influenced by <\/span><\/span><\/span><\/span>Worth, 2018, p. 63)<\/span><\/span><\/span><\/span><\/p>\n

<\/a>1.3 Identification of <\/span>Information Assets<\/span><\/h2>\n

The Sprout Foundation has technologically advanced data backup system which enables to store corporate data as well as sales data. Data backup service is provided by Dandenong Range which aids them to achieve the mission of organization. TSF data centre was established in east wing of Melbourne as headquarter of corporate and sales data. It has corporate data which records all data related to operational activities of the organization. CCOIP data records all expenditures related to developmental activities undertaken in the underdeveloped regions of society. As mentioned by <\/span><\/span><\/span><\/span>Yang <\/span><\/span><\/span><\/span>et al.<\/i><\/span><\/span><\/span><\/span> (2017, p.176)<\/span><\/span><\/span><\/span>, it even records list of donors as well as grantors who contributes in funding. The Sprout Foundation also maintains a legal and financial records which enlist donors in a particular project and overall project details that are being conducted for developmental purposes. CCOIP sales data which is related to the sales of the products under brands name of SPROUT TSF is updated on monthly basis. It also records the expenditure that had been spent from revenue and profits incurred by selling products and its specific allocation. This enables to maintain track records regarding developmental activities that are being conducted by the Sprout Foundation. Organization has advance and continuous backup technology.<\/span><\/span><\/span><\/span><\/p>\n

<\/a>2. Analysis of <\/span>the pertaining risks<\/span><\/h1>\n

<\/a>2.1 Threats and Vulnerability of <\/span>Information Assets<\/span><\/h2>\n

The Sprout Foundation is totally dependent on local as well as regional along with international cooperation in order to raise funds for developmental initiatives taken by organization. Revenue incurred by selling the products under SPROUT TSF brand name is not enough to sustain developmental activities in marginalized areas. As mentioned by <\/span><\/span><\/span><\/span>Gandy and Veraart (2016, p.4437)<\/span><\/span><\/span><\/span> there is also lack of networking among TSF partners hampers the sales of the locally crafted products in global market. This can enhance the revenue earned by brand which can be utilized for developmental activities in marginalized sections of society. As mentioned by <\/span><\/span><\/span><\/span>Gandy and Veraart (2016, p.4437) <\/span><\/span><\/span><\/span>lack of collaboration among TSF partners also hampers the funding that is being received from various institutions which will also hamper allocation of funds in different sectors of society which will aid in development mainly of children residing in marginalized society. <\/span><\/span><\/span><\/span><\/p>\n

The CCOIP established by the Sprout Foundation is totally dependent on TSF partners for recording sales data periodically. Lack of frequent monitoring and data analysis of revenue earned gets hampered which in turn, affects the fund allocation for developmental purpose. Effective processing of these reports that is generated is essential to analyse the operational costs incurred by the Sprout Foundation which will aid in processing the funds that are being obtained from CCOIP sales. <\/span><\/span><\/span><\/span><\/p>\n

The Sprout Foundation allowed its employees to use their own personal devices like mobile phones as well as laptops for the official works that is being conducted. This has been done to curtail costs related to it. Due to this provision there has been occurrence of malicious software which got introduced in the system. This affected the local and regional operational system which also hampered the data collection of the organization. As mentioned by <\/span><\/span><\/span><\/span>Bryce (2017, p.98) <\/span><\/span><\/span><\/span>the Sprout Foundation also lacks updated database which mainly affects proper allocation of budget in different segments of developmental process. As mentioned by <\/span><\/span><\/span><\/span>Cammack, (2017, p. 17) <\/span><\/span><\/span><\/span>this will also affect the process of acquiring funds from the various international organizations such as World Bank and UNDP. Funding issues will also hamper the developmental process in marginalized section of society <\/span><\/span><\/span><\/span>(Refer to Appendix 1)<\/b><\/i><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/p>\n\n\n\n\n\n\n
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Different risks<\/b><\/span><\/span><\/span><\/p>\n<\/td>\n

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Threat <\/b><\/span><\/span><\/span><\/p>\n<\/td>\n

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vulnerability<\/b><\/span><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n

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Lack of strong database and daily basis upgrading information system<\/span><\/span><\/span><\/p>\n<\/td>\n

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    Proper allocation of budget suffered<\/span><\/span><\/span><\/p>\n<\/li>\n

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    Problems in acquiring funds<\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<\/td>\n

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  • \n

    Developmental progress will slow down<\/span><\/span><\/span><\/p>\n<\/li>\n

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    Fragmented development<\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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Mainly dependent on Funds<\/span><\/span><\/span><\/p>\n<\/td>\n

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  • \n

    Low revenues for developmental purpose<\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<\/td>\n

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  • \n

    Developmental process might cease due to lack of revenue<\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n

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Establishment of SPROUT TSF brand<\/span><\/span><\/span><\/p>\n<\/td>\n

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    Defaming of brand<\/span><\/span><\/span><\/p>\n<\/li>\n

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    Increased competition with global brands<\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n<\/td>\n

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