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

Gallbladder in digestion process, The gallbladder stores and concentrates b...

The gallbladder stores and concentrates bile, a substance produced by the liver that aids in the digestion of fats. It does not secrete bile .Bile breaks down fats and coats them w

Options for trading between businesses and consumers, Question : (i) O...

Question : (i) Outline the main options for trading between businesses and consumers. (ii) Outline the reasons why a business may wish to adopt e-commerce. (iii) De

Complex care, a) Discuss the type of infection control policy would be impl...

a) Discuss the type of infection control policy would be implemented for Mr

New media, New Media: We define "new media" as interactive forms of commun...

New Media: We define "new media" as interactive forms of communication that use the Internet, including podcasts, RSS feeds, social networks, text messaging, blogs, wikis, virtual

Transaction types in e-commerce, TRANSACTION TYPES A numeral of transac...

TRANSACTION TYPES A numeral of transaction category may be performing, together with the subsequent: Sale: where the cardholder pays for goods or service Refund: w

Sequencing problem, how do you use gantt chart for solving sequencing probl...

how do you use gantt chart for solving sequencing problem? why is it not employed for solving sequencing problem and large problems?

Objectives, Objectives of Selection and Recruitment process

Objectives of Selection and Recruitment process

Electronics, explain working of a crt with the help of block diagram

explain working of a crt with the help of block diagram

First Americans Review, Name three advanced civiliations that existed in C...

Name three advanced civiliations that existed in Central and South America before the arrival of Christopher Columbus

Direct goods, How could FreshDirect use a kiosk to improve its business?

How could FreshDirect use a kiosk to improve its business?

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