D270 RHM3 Task 3 passed - Proposal for new information security protocol At
TuxWing Inc. Western Governors University
, lOMoARcPSD|6353920
D270 RHM3 Task 3 passed - Proposal for new information security protocol At TuxWing Inc.Western
Governors University
D270 Task 3
Proposal For A New Information Security Protocol At
TuxWing Inc.
Significance of the Problem
Our company, TuxWing Inc., was a recent victim of a ransomware hacking attack.
This attack was costly to the organization both financially and in terms of our
reputation. Based on our initial internal assessment, the attackers were able to
take advantage of multiple human and technological vulnerabilities which can be
summarized as the failure of our current information security policies,
procedures, and protocols that made our business an easy target for cyber
attacks.
There are a multitude of foreseeable problems with having an outdated security
policy beyond just an increased risk of data breaches. Outdated or nonexistent
security policies can make it easier for hackers to gain access to sensitive data,
such as customer information, financial data, and intellectual property. Data
breaches and other types of attacks, when successful, can be costly and
damaging to TuxWing’s reputation.
Another potential problem with having an outdated information security policy
is loss of productivity: Cyber attacks can disrupt a business's operations and lead
to lost productivity (Sweta, M. 2023). For example, if a hacker takes down a
business's website, customers may be unable to make purchases or conduct
business with the company.
An outdated information security protocol can lead to financial losses. This can
occur as a result of a variety of different types of cyber attacks, such as the cost of
repairing damage to computer systems, compensating customers for data
breaches, and paying fines for regulatory violations or even cyber-attackers in
Ransomware attacks where as of 2020 over 50% of all businesses were targeted.
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