Risk Management and Control Effectiveness Essay

Risk Management and Control Effectiveness - Essay Example This paper answers seven questions in relation to effectiveness of security technologies and methodology, risks related to them, additional controls, and access of technology within organizations. The administrative structure of the organization including relationship with the public promotes effective administration of information security. According to Fung (2004), management of information security ensures security of organizational information, systems infrastructure and data content being processed, accessed, managed and communicated to the public. The management is committed and actively supports information security at all levels. This has been clearly demonstrated through support for security initiatives by providing necessary resources for information systems security controls. Additionally, management commitment to information security has been witnessed through effort coordination, formulation and approval of relevant organization-wide security policy. There have been periodic reviews of the information security policy based on the organizational goals, objectives and technological development. The management has ensured appropriate planning and controls to new systems and infrastructure. Security activities are coordinated by staff representatives from different departments of the organization. The execution of security controls are in compliance with the information security and privacy policies. There are also coordinated efforts in the assessment of the implemented security controls and identification of vulnerabilities and recommendation of additional measures. These evaluations have been significant in identifying vulnerability changes, threats and attacks to both external and internal systems and recommendation of mitigation measures. The organization has continuously promoted trainings and security awareness to all stakeholders in the organization. The requirements for non-disclosure agreements and confidentiality reflect information

Macroeconomic Paper Essay Example | Topics and Well Written Essays - 500 words

Macroeconomic Paper - Essay Example Homeowners increasingly use them to refinance and consolidate household debts when their credit scores fall in the wake of bankruptcy, high medical bills, or other setbacks. (Blanton). It is generally believed that the subprime borrowers emerge due to lack of the good credit history on their back and since there number grew historically therefore banks and financial institutions by spotting the opportunity started lending to them at higher interest rates due to the perceived risks involved in these subprime loans. Having defined what subprime mortgages are, this article has articulately put forward the theory of predictable surprise in order to discuss the clues which the economic trends in US suggested specially after the collapse of dot com companies during 1990s. Due to the lack of policy attention by the government especially FED, the lowered interest rates in the economy created an inflated housing markets which thrived on the equity cushion created through the artificial and speculative surge in the market. The consequences of such behavior helped create a predictable surprise in the economy. Article has further discussed the role of securitization and its impact on the economy as a whole. The securitization through financial derivatives produced the results which authors predicted in their theory of predictable surprises. With the advent of innovation into the financial industry, Financial Derivatives provided a very efficient and effective tool to the financial managers to effectively manage these kinds of risks. However, financial derivatives itself are considered as detrimental if their use is made in more superficial way. Banks, in order to recoup the lost liquidity drained into the subprime mortgage loans have securitized them against the payments and real estate properties offered as securities in those mortgage loans. The process of