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Task - Make presentation slide based on the Journal.
Journal - Risk Assessment Quantification of Social-media Utilization in Enterprise by Shigeaki Tanimoto, Motoi Iwashita, Yoshiaki Seki, Hiroyuki Sato, Atsushi Kanai.
Solution - Quantirtative study - Reflection - Risk Assessment Quantification of the social media utilization in Enterprise
Overview of the work discussed in the presentation
The article evaluated and presented with discussion upon is the following, Tanimoto, S., Iwashita, M., Seki, Y., Sato, H., & Kanai, A. (2016, June). Risk assessment quantification of social-media utilization in enterprise. In 2016 IEEE/ACIS 15th International Conference on Computer and Information Science (ICIS) (pp. 1-6). IEEE.
- The key objectives of the report are to emphasize the following aspects of social media usage in the enterprises
Social media and usage of the same in the organizations and their possible immediate and serious complications in terms of information security breach.
The qualitative analysis and observations obtained from there in the previous study are more focussed for quantitative evaluation of the same and the findings are actually evaluated for the sake of relative risk assessment.
The quantitative risk factors and quantification of the same to reduce the overall risk elements in using the social media for the sake of marketing aplications.
The discussion is presented to understand and reflect on each of the factors responsible for the insecurities.
The ultimate objective to reduce the risk and to improve the safety, security and convenience in using social media for marketing applications in the enterprise frameworks.
- Traditionally SNS(Social networking services) are employed as part of ICTization of the organizations.
- Some of the possible damages to the enterprise on using SNS.
Possible damage to the reputation of the organization, possible damage to the security, financial losses etc.
- There are diverse risk factors which do have impact over the SNS usage in the organizations.
- Quantification of risk factors in the current article followed, like,
To evaluate the risk impact of the particular factor.
To work on quantify the same in accordance with the formulae and guidelines of the information security management systems.
Further measures proposed to reduce the risk and the impact of the same
Reporting of possible reduction in the overall risk to the organization is reported in the article.
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SNS - overview
SNS can be any media employed for communication between one person and another as well is the communication between different set of communities. The findings of the communication interactions can be propagated through internet and the usage of the same and its implications to the other users as well to the enterprise etc makes up the inherent risks.
Possible risks (Generated based on risk breakdown structure)
The method of dissemination is risky as there is always possibility of information leakage on SNS when these technique are employed on -
Intentional and unintentional information leakages fall in this category of risk.
Blog flaming is another key aspect that works on to contribute to the risk of information sharing - faking, spoofing etc fall in this category.
The information leaked (the content), the cost of the information leakage as well as the final receptors of the information etc makes up the seriousness and the intensity of the risk of the SNS.
Risk matrix is a tool proposed to evaluate and select an appropriate measure to restrict the seriousness of the risk caused by this system.
Risk transference can be done either by educating the possible risk group(employees) of the possible implications, directives to refrain from involving in the risk as well working for reducing the risk impact by teaching and updating approaches.
Risk avoidance will be taken up by preventing the message spread up on the social media, by taking appropriate steps in the right time, deploying a systems to supervise and take up corrective actions in this regard will work.
Risk mitigation: Taking up steps to completely avoid the possible risks in the systems makes up the procedures to avoid the risk in the system.
Risk acceptance is an attitude to take up the occurrence of risk as a normal instance and involves taking up it as a part of the process and developing corrective measures for the same.
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Risk formula employed:
Risk quantified value = Value of asset * value of threat * Value of vulnerability
Risk factor value is computed by collective worth of the asset, the value of the threat as well from the value of the vulnerability. All included will formulate the essential value of the risk in the organizations.
Risk factors and Tables
The article indicated about 60% of the risk reduction was materialized after taking up the counter measures on the SNS risk reduction in the target organization.
The following is an approximation of the risk reduction potentials as reported in the case.
- The case analysis provides the following key implications,
The SNS risk can be avoided by using risk matrix framework.
Risk reduction is possible with effective implementation of the risk reduction strategies.
As high as 60% risk reduction is possible as reported in the case.
However the appropriate custom solution used and its implications will decide the final effectiveness of the risk reduction strategy.
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