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Give three examples of sources of failure regarding software, human, and organisational failures for the above application.

Give three examples of sources of failure regarding software, human, and organisational failures for the above application.

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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You are the Chief Security Officer for a company that develops an online finance application. The application collects personal data from customers and an Al algorithm analyses the data to recommend investment options for the customers. To assess the security vulnerabilities of your application, you hired an external cyber security firm for £50K. According to their analysis, there is a 1% probability that a data breach will occur costing the company £1M in data protection fines. The firm also suggested that if you install their firewall solution costing £150K, the probability of a data breach will reduce to 0.2%. (i) Give three examples of sources of failure regarding software, human, and organisational failures for the above application. (ii) Calculate the risk exposure for the case where the company decides not to implement the firewall solution. (iii) Calculate the risk exposure for the case where the company decides to implement the firewall solution.
Transcribed Image Text:You are the Chief Security Officer for a company that develops an online finance application. The application collects personal data from customers and an Al algorithm analyses the data to recommend investment options for the customers. To assess the security vulnerabilities of your application, you hired an external cyber security firm for £50K. According to their analysis, there is a 1% probability that a data breach will occur costing the company £1M in data protection fines. The firm also suggested that if you install their firewall solution costing £150K, the probability of a data breach will reduce to 0.2%. (i) Give three examples of sources of failure regarding software, human, and organisational failures for the above application. (ii) Calculate the risk exposure for the case where the company decides not to implement the firewall solution. (iii) Calculate the risk exposure for the case where the company decides to implement the firewall solution.
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