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

Duty ethics, What would a strict deontologist do? Why?

What would a strict deontologist do? Why?

River system, what is meant by river system? what are the river systems in ...

what is meant by river system? what are the river systems in India? mention the names of river systems in India? what are the advantages or disadvantages of river system?

Explain gender communication, (a) Explain gender communication stating the ...

(a) Explain gender communication stating the different communication styles. (b) Describe how different communication styles of men and women cause problems in relationships.

Overtaking rules - traffic congestion, Overtaking Rules - Traffic Congestio...

Overtaking Rules - Traffic Congestion Overtaking needs an appropriate consideration and efficiency because the driver will use the other lane and increase the speed. The negli

#title., Weber could see the advantages of industrial capitalism, and he...

Weber could see the advantages of industrial capitalism, and he was optimistic about the future. but he thought it would never actually develop. but he thought workers wou

Negative message, i need to write a negative message here is the case: You...

i need to write a negative message here is the case: You''re one of the owners of a small human resources temp agency: A-1 Accounting Personnel. You and a fellow graduate of Bost

Determine the weighted average cost of capital, QUESTION Part A E...

QUESTION Part A Every time a listed company does a share buyback, media and investors alike would debate fiercely on the merits of such a scheme. There are investors who

Visual art of the united states, Visual art of the United States: Visual a...

Visual art of the United States: Visual arts of the United States refer to the history of painting and visual art in the United States. In the late eighteenth and early nineteenth

Human evolution, Human Evolution: The story of human evolution began in Af...

Human Evolution: The story of human evolution began in Africa about six million years ago and it describes the very long process that our ancestors went through to ultimately beco

Methodologies of historiography, I am looking for assignment help on the to...

I am looking for assignment help on the topic methodologies of historiography . It would be great if anyone help me. Please describe the given topics. Some of the major methodo

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