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Posted: April 13th, 2023
536 Discussion 1
Sub: Information Security Risk management
Discussion Topic
Part 1: Reasonableness and Risk
Please provide the answer with at least 300 words.
Assume you are the president of a small data brokerage company, which gathers information from consumers on the web and sells it to other companies for marketing purposes. The integrity of data is critical to your company’s success. The company makes an average profit of $100,000 per year. It costs $50,000 per year to secure company data and systems.
Answer the following question(s):
1. Would you continue protecting the data at this cost? Why or why not?2. You want to expand the company, but doing so will cost $75,000. Would you reduce data security, and therefore the cost, in order to expand? Why or why not?
Part 2: Risk Handling – The mailbox decision. You live in a small community. In the last week, several mailboxes were destroyed by an unknown threat. How are you going to handle the potential risk of your mailbox being destroyed in the future? Consider at least one potential strategy for each risk handling technique (Avoid, sharing/transferring, Mitigating, and Accepting). Recommend the best strategy and why you chose that strategy.
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