Question

5410 Information Security Privacy and Regulatory Compliance Written Assignment: Week 2

Instructions: Answer each assigned question in detail. Please save this document with a file name using the following format: week2_lastname_firstnameinitial.doc (example: week2_cummingsm.doc or .docx) and submit finished assignment (word doc/docx format) back to the instructor via the week 2 assignment link.

Assignment: 2-3 page submission that details the requirements below:

1. You have been tasked to create a risk profile for your organizations CIO. The risks you focus on can be based on your organizations true need or can be ‘mock’ risks. If mock risks, provide at least 3 risks in our profile. Note: You can replace your organizations true name with a 'mock' name to protect yourself from exposing company information in respect to their IG.

2. Create a Risk or Heat Map that details those risks

3. Perform a Risk Analysis and Assessment of the Risks identified above by detailing them in a Risk Assessment matrix.

4. Develop a Risk Mitigation Plan

Answer 1

Lets see the Risk involved in a company and how to overcome this.

This is purely an example. You can compare with the company in your mind and use accordingly.

1.Coastal cargo services is a company running a business for more than a decade now. We excel in the transportation field and we are a trusted company in this field. Of course, the company goes through risks and we see that we appropriately manage those risks. We have departments in our sector namely, operations, accounts, and marketing. We are not an MNC but we have been in this field for quite a long time and have sound knowledge and experience in stevedoring and cargo services. What we do is unload cargo from a vessel and load them within a certain time and make sure that the load reaches the destination as quick as possible. We transport steel, metallic pieces of stuff and the like. The risk which we face are mainly three things:
Shortage of funds
Loss of load material
Shortage of vehicles
Fewer drivers are available at that time when a vessel comes.

2.Heat map highlighting the risks present in our company.

3.

4.

Risks Shortage of drivers	Mitigation Confirm that the drivers will be available and not going out of duty	Closeout Maintain a record of drivers working in the company and see to that all are fit for work during
Shortage of vehicles	Make sure that the vehicles are fueled and maintained	Proactively understand how many vehicles will be required for the current transportation.
Payment Pending	Negotiate and give the best rates so that its convenient to pay together	Sign a contract with the client company so that there is no arguments in future.