Reference no: EM132568735

CSIA 350 Cybersecurity in Business & Industry - University of Maryland Global Campus

Project -Risk Management Strategy for an e-Commerce Company

Description
For this project, you will build upon the e-Commerce Risk Analysis performed in Project #2. For this project, you will construct a risk management strategy for your selected company which includes specific cybersecurity activities (as defined in the NIST Cybersecurity Framework Core) which will help the company mitigate the identified risks. Your strategy will include an "acquisition forecast" in which you identify and discuss the technologies, products, and services required to implement your recommended risk management strategy. (Note: you must use the same company as used in Project #2. You may expand upon your risk analysis if necessary.)

Develop an Executive Summary
Since this is a separate deliverable, you will need to begin by identifying the selected company and providing an executive summary of the e-Commerce Risk Analysis that you presented in Project #2.

Develop and Document theRisk Mitigation Strategy
For this section of your project, you must identify and document a risk mitigation strategy for 10 separate risks. Your risk mitigation strategies must utilize at least three (3) of the five (5) NIST Cybersecurity Framework (CSF) Core Functions.

1. Begin by copying Table 1 from this file into a new file (for your assignment submission). This table will become your Risk Profile Table. (Delete the example text.)

2. Next, convert your list of risk factors (from Project #2) into a "Risk Profile" Each risk factor should be listed as a separate risk item with its own row in your Risk Profile.(Add a row to your table for each identified risk - one per row). For this step, you will fill in the information for the first two columns (Risk ID and Risk).

3. Next, consult the NIST Cybersecurity Framework (see Table 2: Framework Core) to identify the cybersecurity activities which can be used to control / mitigate the identified risks. Add this information to each row in your table. Note: you should paraphrase the information for the "Risk Mitigation Strategy (description)" column and the "Implementation: Required Technologies, Products, or Services" column.

4. Complete the final two columns of the table by entering the exact function, category, and sub-category identifiers and descriptions as listed in NIST CSF Table 2. See the example below.

Develop an "Acquisition Forecast"

To complete your work, summarize the technologies which you are recommending that the company acquire (purchase) in order to mitigate risks; these technologies MUST appear in your risk profile table. Your acquisition forecast should identify and fully discuss a minimum ofthree categories or types of cybersecurity products or services which this company will need to purchase in order to appropriately mitigate the identified risks.Remember to include information about potential vendors or suppliers including how you can identify and qualify appropriate sources of technologies, products, and services. This information provides the justification or rationale for your recommendations.

Note: "qualifying" a producer / manufacturer, vendor or seller refers to the due diligence processes required to investigate the supplier and ensure that the products, services, and technologies acquired from it will meet the company's needs and requirements. For cybersecurity related acquisitions, this many include testing the products and services to ensure that they can be trusted to deliver the required functionality and will not be a source of threats or harm.

Write

1. An executive summary which identifies the company being discussed and provides a brief introduction to the company including when it was founded and significant events in its history. This summary must also provide a high level overviewof the company's operations(reuse and adapt your narrative from Project #2) and the e-Commerce risks that the company must address and mitigate.

2. A separate section in which you present a Risk Management Profile. Begin with an introductory paragraph in which you summarize the risks and risk mitigation strategies. Your introduction should also explain the Risk Profile table (what is in it, how to use it).

3. Complete and then insert your Risk Profile Table at the end of this Risk Management Profile section. In-text citations are NOT required within the body of your Risk Profile Table but you must credit the sources of information used by listing / mentioning them in your introduction to this section.

4. A separate section in which you present your "Acquisition Forecast" in which you identify and discuss the products, services, and/or technologies which the company must purchase in the future to implement the recommended risk mitigation strategies. Remember to include information about potential vendors or suppliers including how you can identify and qualify appropriate sources of technologies, products, and services.

5. A closing section (Summary & Conclusions) which summarizes your risk management strategy and presents a compelling argument as to how your risk mitigation strategies (including the acquisition forecast) will reduce or control (mitigate) the identified "cyber" risks. Remember to address the five NIST Cybersecurity Framework Core Functions in your summation.

Attachment:- Risk Management Strategy.rar