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

Methods of overtaking maneuvers, Methods of Overtaking Maneuvers Early...

Methods of Overtaking Maneuvers Early studies or researches on overtaking manoeuvre were developed by the American, Swedish and Australian. The first study was done by Lauer a

Differences in verbal and non-verbal communication, Question 1: Examine...

Question 1: Examine gender differences in verbal and non-verbal communication. Illustrate your answer with examples. Question 2: Explain the implications of ethnocentri

Function of mass communication, Function of Mass Communication: Mass commu...

Function of Mass Communication: Mass communication is an extremely effective & powerful tool of government and plays vital role in the stability of government and the unity of nat

What is evolution, What Is Evolution ? Evolution means the changes t...

What Is Evolution ? Evolution means the changes that occur in a population over time. In this definition, a "population" means a group of the same species that share a speci

Premenstural syndrome, is there any relationship between premenstural syndr...

is there any relationship between premenstural syndrome and mood

Describe how you think contracting fits into the acq, how you think contrac...

how you think contracting fits into the acquisition program. Feel free to use some of your own experiences and examples #Minimum 100 words accepted#

Government, "The landmark abortion decision of Roe v. wade was?"

"The landmark abortion decision of Roe v. wade was?"

International business, vk ltd a multi-product company, furnishes you the f...

vk ltd a multi-product company, furnishes you the following data relating relating to the year 2000

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