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

In five points, QUESTION Based on the above case study, answer the foll...

QUESTION Based on the above case study, answer the following questions- (a) In five points, explain the success of Hamsley (b) Explain what ‘personalisation' is and give

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

which two connective tisssues have a matrix that is fluid?

Library management, what factors will you keep in mind while planning for a...

what factors will you keep in mind while planning for a library building? explain in detail.

Famines, places where famines mostly occur

places where famines mostly occur

Flemish bond, advantages and disadvantages of flemish bond

advantages and disadvantages of flemish bond

Write a long note on the direction of light, Question 1 Write a long note ...

Question 1 Write a long note on the direction of light, describing direct and indirect light, frontal lighting, side lighting and back lighting Question 2 Write a long not

Operation research, is there any phases solved by linear programming?

is there any phases solved by linear programming?

Pancreas in digestion process, The pancreas is an organ that secretes, into...

The pancreas is an organ that secretes, into the small intestine, three classes of digestive enzymes that help break down fats, proteins, and carbohydrates. It also secretes "buffe

Write a note on public relations, Question 1 Write a note on the Historica...

Question 1 Write a note on the Historical Development of Journalism in the UK and US Question 2 Write a detailed note on the characteristics and impacts of magazines Ques

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