In the corporate world, security is very important. Large corporations generally have to protect themselves from competitors, hackers, and other outside sources that could pose a threat to both them and their customers. A breach in security can destroy a customer’s loyalty in the company, also causing the customer an enormous amount of trouble especially if it involves a theft of identity or other personal information. A security breach is the result of a failure in the design and implementation of an organization’s systems or procedure (MacKinnon, 2008).
In order to create a method to protect confidential information you first have to identify what exactly you’re protecting. Valuable information that should under all circumstances remain confidential is customer databases, business plans, accounting systems, and human resources database and administration passwords. Security should be based on a system of authentication, authorization, and access control. To ensure confidentiality of any corporation a security system must be designed and tested from day one. Before you can manage security you have to have a way to measure its effectiveness (Importance of Corporate Security Policy).
Compare other corporation’s systems with the one you’re creating, using that as your baseline to set your overall goal. Your overall goal is for your method to have assurance, which is the level of guarantee that a security system will behave as expected (Security, 2009 ). Meaning the system must be prepared for any threat and able to stop the threat in multiple ways. Vulnerabilities unfortunately exist, creating the need for a security system imperative. Computer criminals, or commonly known as hackers pose a large threat to corporations big and small.
Hackers find holes in the security, exploiting valuable information about a corporation or customer. Hackers go through the system, falsifying the database, making it difficult for companies to keep accurate records creating a domino effect. Once the records are tainted, the company can no longer keep the customer correctly informed. Their main motivation is money, and perhaps power. Another example of exposure is a “leak. ” Someone from the “inside” is sending out information from the database. The database contains information regarding a customer’s or corporations records.
It includes their debits and credits, which leads to the potential risk of identity theft. Records have administration passwords, giving whoever is receiving the information from the outside access to the entire system. This leaves them defenseless. It opens the door to the corporation’s plans for the future, and how they’re running the company. Their incentive is money and again, power. In conclusion security breaches are devastating for a corporation. Not only do security breaches affect customers and corporations, but they impinge on our economy. As said before, it has a domino effect.
Once the customer has been dishonored they will take their business elsewhere, possibly informing others of their misfortune. This leads to the corporation going out of business, in turn having an impact on the economy. Having a secure system not only requires the system itself to work properly, but also the employees to remain morally sound in the work place. This demonstrates the importance of background checks, and thorough interview processes. Employees should exhibit skills, ambition, and morale. The system is only the first step to preventing security breaches.