Literature Review #3

Running head : LITERATURE REVIEW NO . 3Analysis of a Pertinent Issue in Management from an mesh snip ArticleAuthorInstitutionAnalysis of a Pertinent Issue in Management from an Internet Magazine ArticleThis is an synopsis of Rodier s (2007 ) write up focusing on the issue of run a take chances anxiety . First in the analysis is a discussion on take chances focus . attached , it embarks on the key points for a successful risk counseling . Finally , it weighs the soundness of the article s recommendationThe Internet and digital proceedings are a huge opportunity for artes like banks and former(a) financial institutions . Businesses may choose to exploit this opportunity or be petrified and refuse to jump in the next boastful thing . The first option requires risk management musical composition the second option is plain risk avoidance that masks a bigger risk - that of being obsolete and hence , forbidden of business . In the sample article , Rodier discusses risk management in the use or exploitation of a enceinte business opportunity rather than being obsolete or out of business . Hence in this sense , risk management is really an issue of opportunity management manifestly put , a business action is a risk worth taking than inaction or doing nothing at allRodier s key points for successful risk management are : a ) industry collaboration b ) outsourcing specialized knowledge and c ) being informed about trends that are likely to romp into full blown threats in the operation of a business . Since the finance industry is affected as a unit , Rodier asserts that industry collaboration is necessary to counter a risk such as organized crime from all move of the world . This is sound observation since the industry s resources combined corporation be a great force in countering a serious threat . Moreover , faster learning curves in the industry will be possible to counter the maturation community of cyber criminals .

Outsourcing specialized knowledge also contributes to faster line of work resolution while being informed makes businesses adapt to changes in terms of threats , vulnerabilities , and the various modus operandi of cyber criminalsFinally , the article s final say in Josh William s quote is very sound risk management advice . Processes , pile and technologies indeed have to be consistently and continuously considered , reviewed , and changed After all action is ultimately the best risk management strategy than doing nothing at allReferenceRodier , M (2007 . Online security system Attacks Against pecuniary Institutions Rapidly Increasing . Wall thoroughfare Technology . US : CMP Media LLC . Retrieved October 7 , 2007 , from the WallStreet Technology Web sites : http /www .wallstreetandtech .com showArticle .jhtml ?articleID 8 for page 1 and http /www .wallstreetandtech .com /story /showArticle .jhtml jsessionid MRAW YHTFWDTRWQSNDLRSKH0CJUNN2JVN ?articleID 8 pgno 2 for page 2Required Attachment of Reference - Page 1Online Security Attacks Against Financial Institutions Rapidly IncreasingAs the number of hack attacks continues to rise , experts say companies mustiness use multiple factors of authentication , risk analysis and people to protect themselvesBy HYPERLINK mailto :mrodier cmp .com Melanie RodierHYPERLINK http /www .wallstreetandtech .com jsessionid MRAWYHTFWDTRWQSNDLRSKH0CJU NN2JVN t _blank Wall Street Technology...If you want to get a full essay, order it on our website: Ordercustompaper.com

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