Cyber Security: · Discussion of the methods that organizations can use to effectively achieve the adoption and implementation of the security policies, controls and countermeasures.

Assignment 8

Analyze the policies, vulnerabilities, risks, and internal controls for a French bank (Societe Generale) that was a victim of a large scale fraud and recommend improvements to the company’s IT security policies. This assignment calls for a systematic analysis of an organization’s policies, vulnerabilities, risks, and internal controls. Many scientific, engineering, information, and accounting disciplines advocate general steps to problem solving utilizing a systems approach.

At this point in your academic career, you should be proficient at applying such a general approach to solving specific problems. Select and adapt such an approach with which you are most comfortable from your prior professional and academic experiences to apply to this assignment.

Suggested steps to the general systems approach to problem solving are as follows:

1. Define the problem

2. Identify evaluation criteria/measures of effectiveness

3. Identify alternatives/solutions

4. Evaluate/analyze alternatives utilizing analytical techniques consistent with step 2 criteria/measures

5. Select and display preferred alternative(s)/solution(s) consistent with the analysis in step 4

6. Implement and monitor step 5 solution(s)

Refer to the French bank Societe Generale in the following URLs:

· http://www.spiegel.de/international/business/0,1518,530673,00.html
· http://www.msnbc.msn.com/id/22818054/ns/business-world_business/t/french-bank-blames-trader-billion-fraud/
· http://www.cbsnews.com/stories/2008/02/04/business/main3785088.shtml
Additionally, review specific readings regarding security controls, audits, inspections, risk assessment, and countermeasures. Utilizing an appropriate methodology for analysis (which may be adapted from the above 6 steps), identify a set of 8-10 recommendations toward solving the fraud issue of French bank Societe Generale.
There are three additional things to keep in mind:
Defining the problem or issue will require a data gathering stage.
1. Problem solving is not a once-through sequence of steps always performed in a specified order. It is full of iteration and feedback loops.
2. Finally, you will not be able to implement and monitor your recommendations in this assignment. Perhaps that means provisions for implementation and monitoring should be part of your evaluation criteria.
Your paper should include the following:
· Identification and discussion the policies, vulnerabilities, risks, and internal controls for the French bank;
· Evaluation of the weaknesses and impact on secure bank operations;
· Recommendation and discussion of 8-10 security controls and countermeasures for mitigating problems in and improving the bank’s security posture;
· Discussion of the methods that organizations can use to effectively achieve the adoption and implementation of the security policies, controls and countermeasures.
Prepare your paper to the following format:
· A single Word Document 5 – 7 pages (font size – Times New Roman 12)
· Single spaced with one-inch margins all around
· All citations and the reference list in the paper should be formatted in accordance with APA 6th edition (or later) guidelines
· References are NOT included in the page count

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