Posted: May 1st, 2023

Information Technology Risk Analysis and Cyber Security Policy Part 1

Information Technology Risk Analysis and Cyber Security Policy Part 1

The first component of the summative assessment for this course is the development and creation of a risk analysis paper. The assessment will allow students the opportunity to investigate international and U.S. cyberlaws; state statutes; criminal, civil, private, and public laws; and ethics and then compare them within the current cyber business model of an organization to identify any implications for information technology. Students will research their chosen organization, studying the business models, to identify key areas of potential risk due to the business activities and industry.

Prompt
Submit a comprehensive risk analysis paper that identifies the cyberlaw foundations that affect the current information technology business model. The framework for the assessment will include how the business model ensures that their current cyber practices are both legal and ethical.

Specifically the following critical elements must be addressed:

Define and evaluate the information technology business model of the organization.
Analyze the precise cyber-security laws, private and public laws, state statutes, criminal and civil laws, and ethical guidelines that are pertinent to the organization.
Evaluate the current cyberlaws, regulations, and policies within the organization as they relate to the organization’s information systems.
Cyberlaw crimes
Evaluate how cyber-related crimes should be investigated and handled within an organization.
Analyze the impact that these cyber-crimes can have on an organization’s information technology structure.
Evaluate the appropriate information security measures that should be in place to safeguard an organization’s information.
Cyber-crime and e-commerce
Analyze the organization’s current information systems security measures in place that allow users to access the organization’s data.
Evaluate the current cyberlaws to ensure that they protect the organization’s data against outside intrusion.
What to Submit
Your paper must be submitted as a three- to five-page Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least three sources cited in APA format.

ChatGPT
Risk Analysis Paper: Cyberlaw Foundations Affecting the Information Technology Business Model

Introduction:
The rapid advancements in technology have resulted in an exponential increase in cyber-attacks. As organizations rely more heavily on technology, the need to protect sensitive information and data has become increasingly important. This risk analysis paper will evaluate the cyberlaw foundations that affect the current information technology business model of an organization. The organization in question is XYZ Inc., a multinational corporation that provides software solutions for businesses.

Information Technology Business Model:
XYZ Inc. operates using a business-to-business (B2B) model. Their primary source of revenue is through the sales of software solutions to various businesses. Their products include enterprise resource planning (ERP) systems, customer relationship management (CRM) software, and supply chain management (SCM) software. The company also offers consulting services to businesses who need Helpance with software implementation.

Cyber-Security Laws, Private and Public Laws, State Statutes, Criminal, and Civil Laws, and Ethical Guidelines:
There are several cyber-security laws and regulations that are pertinent to XYZ Inc. These include the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), and the Health Insurance Portability and Accountability Act (HIPAA). Additionally, XYZ Inc. must also comply with state and federal laws such as the Computer Fraud and Abuse Act (CFAA) and the Electronic Communications Privacy Act (ECPA).

In terms of ethical guidelines, the International Association of Computer Science and Information Technology (IACSIT) has established a code of ethics that XYZ Inc. should adhere to. The code of ethics outlines the principles that should guide the company’s conduct in relation to information technology.

Current Cyberlaws, Regulations, and Policies within XYZ Inc.:
XYZ Inc. has implemented several policies and procedures to ensure that their cyber practices are both legal and ethical. For instance, the company has implemented a data retention policy that outlines how long customer data should be kept. Additionally, the company has implemented a data privacy policy that outlines the measures taken to protect customer data.

Cyberlaw Crimes:
Cyber-related crimes such as hacking, identity theft, and phishing can have a significant impact on an organization’s information technology structure. In the event of a cybercrime, XYZ Inc. should conduct a thorough investigation to determine the extent of the breach. The company should also report the incident to the relevant authorities and notify affected customers.

Information Security Measures:
To safeguard against cyber-attacks, XYZ Inc. should implement several information security measures. These measures should include firewalls, intrusion detection systems, and encryption technologies. Additionally, the company should conduct regular security audits to identify any vulnerabilities in their system.

Cybercrime and E-commerce:
As an e-commerce organization, XYZ Inc. should ensure that their data is protected against outside intrusion. The company should comply with data protection laws such as GDPR and CCPA. Additionally, the company should implement measures such as two-factor authentication and data encryption to protect customer data.

Conclusion:
In conclusion, XYZ Inc. must comply with several cyber-security laws and regulations to ensure that their practices are both legal and ethical. The company should implement several information security measures to safeguard against cyber-attacks. Additionally, the company should conduct regular security audits to identify any vulnerabilities in their system. By adhering to these guidelines, XYZ Inc. can protect their customer data and maintain their reputation as a reputable software solutions provider.

References:
International Association of Computer Science and Information Technology. (2018). Code of Ethics. Retrieved from https://www.iacsit.org/docs/Code%20of%20Ethics.pdf

Mann, A. (2018). Cybersecurity Laws Every Business Needs to Know. Retrieved from https://www.fool.com/the-blueprint/cybersecurity-laws/

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