Information Security And Risk Management - 926 Words

To begin with, I started with two courses in the EMSISS program - ISOL 633 - Legal Regulations, Compliance, and Investigation and ISOL 533- Information Security and Risk Management. I also got an internship opportunity of a part time CPT with Sapot Systems Inc as a Software Engineer. The knowledge and interest I had along with these courses, helped me to go that extra mile in my day to day job responsibility. Course learnings and It s impact on the Internship: Through ISOL-633, I got an extensive knowledge of Information security encompassing the US legal system and federal governance, security and privacy of financial information, health records, children, corporations, risk analysis, investigation, and management. Whereas, ISOL 533 was focused on defining the seven primary domains of any IT organization, understanding and assessing the IT risks associated with them through Risk assessment plan, perform Impact analysis and layout a Business continuity plan. At Sapot systems, we provide Sharepoint services to clients - which can be individuals or large corporations as a business solution. I help them set-up services like Business connectivity services, search service, excel service and metadata service. While setting up these services, I always keep in mind what, when, and who needs to access what kind of data/services and ensure that highest level of security scrutiny is present in the system, so that people are able to access wha t they shouldShow MoreRelatedInformation Security and Risk Management1473 Words   |  6 Pagesactivity. This reversal in focus by both individuals and institutions may simply be a natural response to the reduced capabilities of al-Qaeda and other terrorist networks, as confirmed by the leading authority on terrorism and its effects, and national security analyst for the CNN network, Peter Bergen, who observed recently that the Obama administration has played a large role in reducing terrorist threats by continuing and scaling up many of former President George W. Bushs counter-terrorist methodsRead MoreInformation Security Risks And Risk Management1883 Words   |  8 Pagesused by organisations and charities wishing to exterminate the possible risks by assembly information security risk assessment (information security risk assessment). The ISRA is able to resolve the amount of the potential risk associated with an IT system. An ISRA method identifies an organization s security r isks and provides a measured analysed security risk profile of critical assets in order to build plans to treat the risks hand would beneficial in health and social care to insure things areRead MoreInformation Security Risk Management2820 Words   |  12 PagesDiscussion As observed at the 4th International Conference on Global e-Security in London in June 2008, Information Security Risk Management (ISRM) is a major concern of organizations worldwide. Although the number of existing ISRM methodologies is enormous, in practice a lot of resources are invested by organizations in creating new ISRM methodologies in order to capture more accurately the risks of their complex information systems. This is a crucial knowledge-intensive process for organizationsRead MoreInformation Security : It Risk Management1795 Words   |  8 Pages ITC 596 - IT Risk Management Professor: Michael Baron Table of Contents 1. Information security is Information risk management 3 2. Information Security Risk Assessment: The Qualitative Versus Quantitative 5 3. Perception of Risk 7 Reference 9 1. Information security is Information risk management Introduction The present Information Security technology seems insufficient to totally deal with all the ICT problems of the organization. As per BobRead MoreInformation Security Risk Analysis and Management2195 Words   |  9 PagesInformation security refers to the protection of information and its critical elements, including the systems and hardware that use, store, and transmit that information. An ideal organization usually comprises of the following layers of security put in place to safeguard its operations:- physical, operations, communications, networks, personnel, and information security. A risk can be defined as the probability that something unwanted will happen. Risk analysis and management therefore refers toRead MoreEssay Risk Management in Information Technology Security795 Words   |  4 PagesIS3110 Risk Management in Information Technology Security STUDENT COPY: Graded Assignments  © ITT Educational Services, Inc. All Rights Reserved. -73- Change Date: 05/25/2011 Unit 1 Assignment 1: Application of Risk Management Techniques Learning Objectives and Outcomes You will be able to identify different risk management techniques for the seven domains of a typical IT infrastructure and apply them under different situations. Assignment Requirements Introduction: As discussed in thisRead MoreAn Evaluation of Information Security and Risk Management Theories1903 Words   |  8 PagesAn abundance of information security and risk management theories are prevalent; however, it can be difficult to identify valid and applicable theories. In the reading to follow, several information security and risk management theories are evaluated. These theories are presented and employed via various frameworks, models, and best practice guidelines. An assessment of sufficient research pertaining to these theories is addressed, along with a consideration of the challenges that arise from aRead MoreManaging Information Security Risks: The Octave Approach1635 Words   |  6 PagesAlberts, C. Dorofee, A.(2003) Managing Information Security Risks: The OCTAVE Approach. New York: Addison Wesley. This work is a descriptive and yet process-oriented book on the concept of security risk assessment with a specific focus on new risk evaluation methodology, OCTAVE. The term OCTAVE is used to denote f Operationally Critical Threat, Asset, and Vulnerability Evaluation SM.It is important that organizations conduct a security risk evaluation in order for them to effectively evaluateRead MoreRisk Assessment : An Essential Part Of A Risk Management Process1046 Words   |  5 PagesIntroduction The risk assessment is an essential part of a risk management process designed to provide appropriate levels of security for information systems. The assessment approach analyzes the relationships among assets, threats, vulnerabilities and other elements. Security risk assessment should be a continuous activity. Thus, a comprehensive enterprise security risk assessment should be conducted at least once every two years to explore the risks associated with the organization’s information systemsRead MoreIs20071634 Words   |  7 Pages 0 INTRODUCTION 0.1 WHAT IS INFORMATION SECURITY? 0.2 WHY INFORMATION SECURITY IS NEEDED? 0.3 HOW TO ESTABLISH SECURITY REQUIREMENTS 0.4 ASSESSING SECURITY RISKS 0.5 SELECTING CONTROLS 0.6 INFORMATION SECURITY STARTING POINT Information security is defined as the preservation of confidentiality, integrity and availability of information †¦ Information security is defined as the preservation of confidentiality, integrity and availability of information †¦ 0.7 CRITICAL SUCCESS FACTORS

Benefits and Influence of Music Free Essays

Nowadays, music is very popular for teen and all ages. Some people like to listen Classic music and other like RB or hip hop. It depend on their interesting. We will write a custom essay sample on Benefits and Influence of Music or any similar topic only for you Order Now Even many people like music, but it still has advantages and disadvantages also. First of all, I would like to talk about the advantages of music. There are many advantages, but I’ll tell you more details about that. First point, the music can make us feel relieve. Sometimes, when you get in the moody. You can take out your mp3 and listen to it, you will be feel relieve. The music such as hip hop or RB can help you to get in the good mood again. Second point, music can make us feel more comfortable. When you listen the romantic music, you such a kind of dreaming or you feel that you can fly and get the romantic feeling. So your feeling more comfortable and being happy all the time. Third point, music can reduce your stresses all the time. When you stress, you listening music or do other activity in order to reduce your stresses step by step. You can listening hip hop music, it’s help you smile. This is the last point of listening music, music can bring us in to one society by the meaning of the song. For example, you are listening to the Americana’s song ( Dead and Gone), you can learn about the society in America. What happened in that or somethings beside this. Also you can improve your listening skill by listen the English song too. However music has many advantages, but it’s also has disadvantages too. Listening music waste a lot money. When the singer show up or release new album, you always spend your money to buy it every time they release. If they release 100 different new album, Would you buy all this album? That’s why I can say music waste a lot of money. On the other hands, music waste our time too. When you are addicted in to music. You always sit and listening to it without doing anything. You just sit and listen. You don’t go out and do your work. Besides that, If you listen too much time and put your headset every time. You will have problem with your ear. You will spend much money or time to treat it. Totally, every things always have advantages and disadvantages. But if you get the information about this already. You should reduce your listening habit step by step. Benefits and influence of music Music gives different meaning to everyone. Music is a combination of art form from different elements of melody, harmony, rhythm and genre. Music acts as an influence, past time, hobby and passion. From classical to jazz, pop, rock, RB, hip hop or even devotional songs, music affect different people in many different way. That is why we can see nowadays some people who are enthusiastic about music even attribute themselves and their talents into music professions. Music touches our soul and allows us to express different moods and emotions. Therefore, music has many roles that affect everyone’s life. Listening to certain songs usually triggers to certain emotions linked to that song. As for me, I would listen to various sorts of songs to cheer my mood up. And seriously, life without music would be very dull. Have you ever heard of the saying, â€Å"hooked on the feeling? ’’. Well, it really happens. For example, during festive seasons like Christmas, many people will put on Christmas songs because this will help them to stay on the state of euphoria all month long and bring back their childhood memories of Christmas. Therefore, music also plays a very crucial ole in overall development of an individual. It can take the mind and body to do spontaneous things either good or bad, depends on the type of music a person is listening to and it message contains. For instance, when someone is listening to sad songs related to their love or life, the listener will be highly in touch with that song connected with their emotions. Likewise, when another person is listening to a heavy metal songs, they might inhibited violated act or aggressive behavior as rock songs bring about rebellion and agitation influence. However, for some people, listening to this type of songs is their way of expressing anger and relieve from pain. Well, it’s actually depends on that person himself on how they interact and influence by the music. How to cite Benefits and Influence of Music, Papers

Trade Off Between Inflation and Unemployment free essay sample

There can be no trade-off between inflation and unemployment whether in the short or the long run. Comment. Inflation is a major challenge; the world is facing today and has become an impediment to robust growth. However, this problem is not new. In 1981, The Gallup Organisation in the US conducted opinion polls asking people, what is the most important problem, their country was facing, and a majority named inflation. Although governments in different countries have been using policies to contain it, it’s not so simple. Lowering inflation may lead to a rise in unemployment which could act as an obstacle to economic growth. This debate, whether there’s actually a trade-off between inflation and unemployment, has been puzzling the macro-economists for decades now, but we’ve still not been able to arrive at a concrete conclusion. Different schools of thought have their own viewpoints and their own theories to support those viewpoints. In this paper, I shall discuss briefly, the different schools of thought and their viewpoints and try to unravel this mystery by amalgamating the different viewpoints. I. ‘Old’ Classical school The classical school including Adam Smith, David Ricardo, John Stuart Mill etc. that existed prior to the ‘Great Depression’, believed that the economy ultimately (in the long-run) reaches full employment. The disturbances, if any, would be temporary and very short-lived. There was no need for any countercyclical policy (whether fiscal or monetary) to boost the economy. According to them, there is perfect wage-price flexibility and thus, no possibility of involuntary unemployment. Their explanation was also backed by the well known ‘SAY’S LAW’, according to which, supply creates its own demand. Thus, whatever is produced will be demanded, and therefore economy is always at full employment. A ‘glut’ can occur, but only temporarily. Therefore, we get a vertical (almost) AS curve (and correspondingly, a vertical Philips curve). Hence, there is no trade-off whatsoever, between inflation and unemployment, and therefore any type of countercyclical policy (fiscal or monetary) is impotent. AS According to the classicists, economy is always at full employment level, as shown by the vertical AS curve. Thus, there is no trade-off between inflation and unemployment even in the short run. II. ‘Orthodox’ Keynesian school Keynes gained popularity during the Great Depression, through his ideas of using fiscal policies to avoid the slump, and he became a pioneering face in the macroeconomics field during the 1950s and early 60s. He was against the view that the economy always stays at full employment. He believed in wage price rigidity and therefore, a rigid real wage leading to an involuntary unemployment (ie. uun). Now, this unemployment could only be controlled if some fiscal or monetary policy is used. Keynes called for a fiscal expansion during the Great depression that would stimulate the aggregate demand. Thus, AD curve shifts rightwards. At the initial price level P, we have an excess demand, thus price level rises to P1 and now output, Y=Yf. Thus, there is a trade off between inflation and unemployment. Keynes gave the following insights to explain this trade-off: (a) The persistence of unemployment According to Keynes, persistence of unemployment was due to the failure of money wages to adjust with sufficient speeds to clear labour markets, and therefore a fiscal expansion is required to contain this unemployment, which would create inflation. For him, absolute rigidity in money wage rates is not required; all that is needed is that wages fail to fall to market clearing levels. (b) The fluctuations in unemployment According to Keynes, investment is highly unstable and is driven largely by animal spirits. This leads to fluctuations in unemployment. However prices and interest rates, according to him, often fail to adjust to offset these fluctuations, as they did during the ‘Great Depression’, probably because of a highly interest-elastic money demand (the so-called liquidity trap situation). Also, investment is influenced by real interest rate, not the nominal interest rates; therefore, it is often impossible to stabilize it, unless the inflation in the economy is controlled. III. Neo-classical school The Hicksian IS-LM under the neoclassical school tends to explain the trade-off between inflation and unemployment against the backdrop of the Philips curve equation. According to them, people have static expectations, and therefore ? te=0. Thus, the equation of Philips curve becomes: ?t=? (Ot-On) Now, if output is below its natural rate, inflation is negative, or we have disinflation in the economy. Thus, price level is decreasing. Now, as the price level starts decreasing, in our basic IS-LM model, LM curve starts shifting rightwards, and keeps shifting, until, we reach full employment. Thus, according to the neo-classicists, the economy is self-equilibrating, and no counter cyclical policy is required to bring the output back to full employment. Neo-classicists did believe in a trade-off, but only in the short run. LM LM1 i LM2 LM3 i1 On Ot IS IV. ‘Orthodox’ monetarist school The monetarists including Milton Friedman re-enforced the classicists’ viewpoint by explaining the ‘Quantity theory of money’, according to which a monetary expansion (contraction) would result in an expansion of the price level, nominal wages, and nominal interest rate , however, the real values in the system will remain unaffected. Therefore, ‘Money is neutral’. Quantity theory of money: MV=PY David Hume, in his essay of 1752, Of Money and Of Interest stressed on the irrelevance of changes in money stock on the behaviour of rational people (Quantity theory of money). He explained this with the help of an example: When any quantity of money is imported into a nation, it is not dispersed into all the hands at first. It initially caters a few selected people (manufacturers or merchants). These people then, invest this additional stock to raise output (at least in the short run). Now, an increase in output enables them to employ more workmen and therefore employment increases, wages remaining the same. Now, suppose an artisan carries his money to the market, he’ll find everything at the same price, however, the number of things that he can buy has increased. Also, the gardener would find all his output sold out, and therefore raise work effort and raise output further. This will ultimately lead to an increase in the overall price level and all the real effects would get nullified, thus leading to ‘money neutrality’. Thus, output always ultimately returns to full employment and long-run AS curve (and correspondingly, the Philips curve) is vertical. Thus, though there is a trade-off between inflation and unemployment in the short run, it gets eliminated in the long run. This means that we need to bear unemployment only for a short period of time, if we want to contain inflation. In the long run, however, unemployment will come back to its natural level, even if there is deflation (falling prices). Monetarists believed in the Adaptive expectations approach, that means, people base their expectations about future prices on the last year’s prices and therefore might make wrong expectations in the short run, however, Friedman said that they cannot be fooled forever, and therefore in the long run, their expected price would reflect the actual price. Equation of Philips curve: ?t-? t-1= ( µ+z)-? ut ?: Inflation rate  µ: Mark up (constant) z: Catchall variable (constant) u: Unemployment rate Now, if ? t=? t-1, ut is a constant, thus there will be no change in the unemployment rate. Hence, no trade-off. Empirical Evidence This explanation has been supported empirically as well. McCandless and Weber (1995), plots 30 year (1960-90) average annual inflation rates against average annual growth rates of M2 over the same 30 year period, for a total of 110 countries. The points lie roughly on the 45 ° line, as predicted by the quantity theory. They also provide evidence on correlations between money growth and growth in real output, averaged over the 1960-90 period and find no correlation at all. Thus, monetary expansion has no real effects. Stockman (1996), plots inflation rate against unemployment rate (Philips Curve) for various sub periods of the years 1950-94, for the United States and find a downward sloping Philips Curve for each sub period. However, when the entire 44-year period is considered, we do not find any correlation between inflation and unemployment. This also shows, that the trade-off exists, but only in the short run. V. New Classical school The new classical economists believed in the rational expectations. According to them, all agents are rational and base their expectations about inflation on the information set available to them and are on an average able to predict the actual inflation accurately. They believed in complete wage price flexibility, and there was no chance of involuntary unemployment and thus no trade-off at all between inflation and unemployment. Also, according to them, there was continuous market clearing. They assumed perfectly competitive market structure, thus, all unemployment that existed, was voluntary. Robert Lucas’ viewpoint Lucas argued that if everyone understands that prices will ultimately increase in proportion to the increase in money, what force stops this from happening right away? Probable reasons according to him could be: (a) People are committed, perhaps even contractually, to continue to offer goods at old prices for a time. (b) Sellers are ignorant of the fact that money has increased, and a general inflation is inevitable.