IT Risk Analysis
The work is to be 10 pages with three to five sources, with in-text citations and a reference page. The management of security risks in business organizations regarding the information technology sector (IT) has been a continuing challenge. Consequently, many organizations are struggling to understand the IT risks involved so as to implement appropriate controls to mitigate the risks. This happens to be the subject matter of our study. Generally, we are going to analyze the IT risks involved in the Wolves Techs Limited Company and conduct an IT risk assessment for the company with a detailed report and recommendations. The main business of Wolves Techs Limited is to process data for retailers, meaning it needs IT management and internet connections.The vital assets in Wolves Techs Limited include employees, machinery, and electronic devices as computers, and the building. Based on the State of Oklahoma (2003) we can rank also information as an asset, “Information is a critical State asset.” The new location of Wolves Techs Limited is a business promising location as it is situated near the road in a major town. Ashish Gupta in RAMCO web-page stipulated that “Employees are Valuable Assets of an Organization and the Key to Success.” It, therefore, lies within the company employer to secure their employees from any form of threat so that they get to satisfy customers.Stoneburner et al (2002) define the threat as a potential for a specific threat-source to exercise a particular vulnerability successfully. Based on Stoneburner et als argument, we can identify threats and risks in Wolves Techs Limited by considering threat-source, and potential vulnerabilities. Through the process, we are going to identify the threat-source that can cause harm to the IT system involved. In this context, it is, therefore, appropriate to consider common threat sources and risks which involve natural, human and environmental threats, and risks. Risk vulnerabilities in the company can be identified by weakness in system security procedures, design, and implementation.