Please I need an answer rapidly I need help, please
Scenario
You are a risk management consultant and have been contacted by the chief information officer (CIO) of Workers Werks Credit Union (WWCU), a mid-size but growing credit union, to conduct an evaluation of its current IT cybersecurity risk management plan. Data privacy is a big concern in the banking sectors, and the CIO is concerned that WWCU’s current plan is outdated and has significant weaknesses.
In your conversation with the CIO, you gather the following information about the situation:
Current plan: The credit union adopted the current cybersecurity risk plan three years ago, but the CIO is concerned about possible gaps in the plan and would like to update it.
Workforce: The credit union has experienced significant revenue growth, and the number of employees with access to its IT infrastructure has grown exponentially in the last five years.
WWCU now has nearly 1,000 users with different levels of access to its central database.
Strategy: The credit union is looking to expand into new markets in the coming year and will need to make significant changes to its IT infrastructure.
Compliance: The CIO is concerned not only about legal compliance but also ethical issues related to the protection of personally identifiable information (PII) of its customers. The company has set these priorities related to legal and ethical compliance:
Address the current legal environment (domestic and international)
Anticipate emerging issues
Meet industry ethical standards (e.g., SANS IT code of ethics)
Match best practices for risk planning within the industry
Directions
Risk Analysis Report
The CIO is asking you to prepare a 300 word report that evaluates the company’s current IT Security Risk Management Plan, linked in the Supporting Materials section.
The report should contain the following:
Mitigation: Evaluate the current plan’s mitigation recommendations.
How effectively does the plan translate the risk assessment into a risk mitigation plan?
How does the plan prioritize risk elements?
Legal Compliance: Assess how the plan addresses legal considerations.
Non-Compliance: Determine how the plan anticipates the implications of non-compliance.
Ethical Considerations: Assess how the plan aligns with current ethical codes within the cybersecurity field.