Application of Risk Management Essay

Application of Risk counselScenarioYieldMore is a small agricultural company that produces and sells plant food products. The company operates through its headquarters in a small town in Indiana. Outside its headquarters, in that location be two large production facilities one(a) in Nebraska and one in Oklahoma. Furthermore, YieldMore employs gross revenue force personnel in every solid ground in the U.S. to serve its customers local anestheticly. The company has three bonifaces regain at its headquartersActive Directory Server, a Linux act server, and an Oracle database server. The application server hosts YieldMores primal software application, which is proprietary program managing inventory, sales, supply-chain, and customer information. The database server manages all data stored locally with direct habituated storage. All three major sites use Ethernet cabled local area mesh topologys (LANs) to refer the users Windows Vista workstations via industry standard, managed switches. The contrary production facilities connect to headquarters via routers T-1 (1.54 mbps telecomm circuit) LAN connections provided by an external net service providers (ISP) and share an Internet connection through a firewall at headquarters. private sales personnel throughout the country connect to YieldMores network via virtual private network (VPN) software through their individual Internet connections, typically in a home office. TaskI would have to say the most likely pairs of threat/vulnerability are location, equipment unsuccessful person, social engineering, Denial of serve ( do), and Mal ware. These threats seem to be the most problematic for this company. The premier one is location the servers are all housed in the company headquarters where if a natural or manmade disaster would cripple the companys infrastructure. They fate to distribute their servers to different locations. Another pair is equipment failure each server has its own specific agency that it handles and nothing else. It would help mitigate some of the venture that would happen if each server handled their own problems. sociable engineering is a problem because it is dependent on the user which another person empennage trim back the person for information that could get access to the placements system. DOS is a problem because the publicsystems are not protected by firewalls and anti-virus program. This makes service availability a leaving. The final problem is malware which is caused by the lack of anti-virus or out of date virus definitions. The impact of this is unremarkably the loss of server or information depending on what the virus was originally intended to do. There are six risk management stairs you can use to protect your company1. Determining the objectives of the organization,2. Identifying exposures to loss3. Measuring those same exposures,4. Selecting alternatives,5. Implementing a solution,6. Monitoring the results.I would suggest using all six s teps to insure that my company is protected. The primary objective of an organization growth will determine its strategy for managing dissimilar risks. Identification and measurement of risks are relatively open concepts.