You just landed a job as an accounting intern for the Veterans Administration. Clearly there is a cost associated with securing information assets as well as a cost associated with lack of security. In the case of the stolen Veterans Administration laptop, the court case was settled for $20 million; however, there were also other costs involved in defending against the suit, the cost of investigating the stolen laptop, and measures taken to try to address the potential identify theft of the military personnel. Prepare a cost/benefit analysis to the best of your ability by researching various costs to obtain estimates for securing the stolen laptop versus the cost of its theft. Write an email summarizing your findings and recommendations to the Veterans Administration.
Answer to relevant QuestionsRefer to It’s Your Call 11.33. Prepare a plan for the Veterans Administration to better secure its laptops in the future. Refer to the chapter opener, Meet the CFO. In your opinion, how could enterprise risk management affect a company’s financial performance during an economic downturn?Discuss how incorporating sustainability practices supports an organization’s enterprise risk management efforts.Discuss the different types of external events that correspond to the event identification component of the ERM framework. Provide examples. You are a member of a project team responsible for evaluating whether your company should switch from its current silo IT architecture to an integrated enterprise architecture. Recently, the CFO asked you how work was ...
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