Controls by management while taking a risk, Other Subject

Assignment Help:

Controls 

When Management chooses to moderate a risk, they will do so by execute one or more of three dissimilar types of controls.

Administrative

Administrative controls (also called procedural controls) consist of accepted written, procedures, standards, policies and strategy. Administrative controls form the framework for running the business and organization people. They notify people on how the business is to be run and how day to day operations are to be conducted. Regulation and rules created by government bodies are also a type of managerial control because they notify the business. Some industry sectors have policies, events, standards and guidelines that must be followed - the Payment Card Industry (PCI) Data Security Standard required by master card and visa is such an instance. Other examples of administrative controls consist of the corporate password policy, security policy, hiring policies and disciplinary policies.

Administrative manage form the basis for the selection and implementation of logical and physical controls. Physical and Logical controls are manifestations of administrative controls. Administrative controls are of principal importance.

Logical

Logical controls (also called technical controls) use software and data to control and monitor access to information and computing systems. For instance: network, passwords and host based network intrusion detection systems, firewalls, data encryption and access control lists,are rational controls.

An significant logical control that is often overlooked is the principle of least privilege. The standard of least license requires that an entity, system or program process is not arranged any more access privileges than are necessary to execute the assignment. A blatant example of the failure to adhere to the principle of least opportunity is logging into Windows as user manager to examine Email and surf the Web. Contravention of this principle can also occur when an individual collects additional access privileges over time. This occurs when employees' job duties change, or they are promoted to a new position, or they transfer to one more section. The access rights required by their new duties are frequently added onto their previously existing access rights which may no longer be necessary or suitable.

Physical

Physical controls check and control the environment of the work place and computing conveniences. They also control and monitor access to and from such services. For instance: locks, doors, heating and air conditioning, smoke and fire alarms, fire cameras, barricades ,suppression systems,  fencing,  cable locks, security guards, etc. Separating the network and work place into functional areas are also physical controls.

An significant physical control that is often overlooked is the separation of duties. division of duties make sure that an individual can not entire a serious task by himself. For instance: an employee who submits a request for repayment should not also be able to approve payment or produce the ensure An applications programmer should not also be the server manager or the database administrator - these roles and responsibilities must be estranged from one another.


Related Discussions:- Controls by management while taking a risk

Benefits of gis, Benefits of GIS: GIS benefits organizations of all sizes ...

Benefits of GIS: GIS benefits organizations of all sizes and in almost every industry. There is a growing awareness of the economic and strategic value of GIS. The benefits of GIS

Project, nigerian groups that help in protecting human rights

nigerian groups that help in protecting human rights

Rules for making good design, Question 1: (a) List any ten rules for ma...

Question 1: (a) List any ten rules for making good design. (b) Elaborate on any five of those. Give visual examples as appropriate to illustrate each rule and use written

B.ed assignment, aim of education in present scenario

aim of education in present scenario

Tissues, which two connective tisssues have a matrix that is fluid?

which two connective tisssues have a matrix that is fluid?

Meteorology vs. climatology, Meteorology vs. Climatology: Meteorology and ...

Meteorology vs. Climatology: Meteorology and Climatology are two terms that seem to have the same meaning but strictly speaking there is difference between the two terms. Climatol

Cultural anthropology, 1- Explain the role of theory in cultural anthropolo...

1- Explain the role of theory in cultural anthropology. 2- Distinguish theories from truths and explain why theories need critical review and modification 3- Explain with exa

Write a note on the ethos of journalism, Question 1 Discuss the Working Jo...

Question 1 Discuss the Working Journalists (Fixation of Rates of Wages) Act, 1958. (Act mentions 8 points. There are 3 other subdivisions Question 2 Write a note on the ethos

Environmental management, Environmental Management: It is the procedure by...

Environmental Management: It is the procedure by which environmental health is regulated. It does not include managing the environment itself; however it is the procedure of takin

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd