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

Explain the underlined statement, The basic qualities of acceptance and con...

The basic qualities of acceptance and concern for others, recognition of the worth of each individual, truthfulness, honesty, self awareness, goodwill, tolerance and caring are des

Assessment of Teaching , Hi, My work need to: - Answer the questions in Ass...

Hi, My work need to: - Answer the questions in Assignment A from 1 to 3. (Please use the references in the attachments only) - Design and Development a survey form in accordance wi

Costs associated with credit cards, Costs Credit card issuers (banks) h...

Costs Credit card issuers (banks) have more than a few types of costs: INTEREST EXPENSES Banks usually borrow the money they then provide to their customers. As they ac

E-commerce, E-Commerce Ecommerce is the idea used for any type of comme...

E-Commerce Ecommerce is the idea used for any type of commercial management, or business deals that involves the move of information across the globe via Internet. It has becom

Susan B anthony and Elizabeth Stanton, what did Susan B anthony and Elizabe...

what did Susan B anthony and Elizabeth Stanton have in common?

Globalisation, cultural dimensions of globalisation

cultural dimensions of globalisation

Normalization, Could i get some help with a normalization exercise? I don''...

Could i get some help with a normalization exercise? I don''t have much experience and i have to put it into 1NF, 2NF, and 3NF

Education, what are the aims and objectives of education?

what are the aims and objectives of education?

Business resources, Describe the full range of recruitment documents that a...

Describe the full range of recruitment documents that are used by BSiX in the recruitment and selection of a Learning Centre (Library) Administrator. What documents do you need

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