Risk Management Principles for an Organization-wide Cyber Risk Program: TJMAXX Case Study

by | Oct 9, 2023 | Computer science

 

Questions
Scenario 1 – TJMAXX Case Study: Please read the attached case study and answer the below questions.
1)    Using risk management principles for creating an organization-wide cyber risk program, create the following items:
a.    An enterprise-wide cyber risk management policy for all members of the workforce
b.    A brief accountability chart that demonstrates who is responsible for which parts of the enterprise risk management process (you may make assumptions about roles if you don’t know exactly what roles TJMAXX has).
c.    Give 2 case-specific examples of how to integrate your new risk management process into organization processes (account for resource availability in your response)
d.    Identify 2 case-specific communication and reporting mechanisms you would use to actively encourage support, accountability, and ownership of risk.

Scenario 2 – A Risk Audit of a Very Small Business: Please read the attached case study and answer the below questions.
1)    Based on all the methodologies and frameworks explored this semester, what approach would you choose to implement for this organization? Provide a case-specific justification for your selection that specifies how your choice fits and is appropriate for this organization.
2)    Assume that you have selected a qualitative approach to risk management. You have created a heat map and risk register that prioritize risks. You present the heat map and risk register and are met with the following questions. How would you respond based on the case study?
a.    I don’t understand why I need to do risk management – I have a very small business and I don’t find this useful. Why should I spend time and potentially money on this?
b.    This risk about vulnerabilities associated with my website and shopping cart says it is red and 20. How is this useful information to my organization, and what can I do with it?

Non-Scenario Questions
1)    Please describe the merits and drawbacks of OCTAVE Allegro, NIST, and FAIR. Describe 1 merit and 1 drawback for each method/framework.
2)    When would you recommend using each of the above methods/frameworks? Give at least two recommendation criteria for each method/framework.
3)    When looking at risk management and cyber security for any given organization or company, how do you know when you have “enough security”? What pushback might you receive on your response from the first part of this question, and how would you respond to it?

Sample solution

Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell. 

In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.


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God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.

Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.

To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.

 

References

Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.

Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.

Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.

Sample Answer

Sample Answer

 

Risk Management Principles for an Organization-wide Cyber Risk Program: TJMAXX Case Study
Introduction
In today’s digital age, organizations are increasingly vulnerable to cyber threats. Developing an effective cyber risk management program is crucial for organizations to protect themselves from cyber attacks and safeguard their sensitive data. This essay will outline the risk management principles for creating an organization-wide cyber risk program using the TJMAXX case study as a basis.

Enterprise-wide Cyber Risk Management Policy
A. An enterprise-wide cyber risk management policy for all members of the workforce should include the following elements:

Clearly defined objectives and goals of the cyber risk management program.
Roles and responsibilities of employees in identifying, assessing, and mitigating cyber risks.
Guidelines for the secure handling of sensitive data and information.
Procedures for reporting and responding to cyber incidents.
Regular training and awareness programs to educate the workforce about cyber risks and best practices for risk mitigation.
Accountability Chart for Enterprise Risk Management Process
B. A brief accountability chart for the enterprise risk management process at TJMAXX could include the following roles:

Chief Information Security Officer (CISO): Responsible for overall management of the organization’s cyber risk program.
IT Security Team: Responsible for implementing technical controls, monitoring systems, and conducting regular vulnerability assessments.
Human Resources: Responsible for ensuring that all employees receive appropriate training on cyber risk management.
Legal Department: Responsible for ensuring compliance with applicable laws and regulations related to data protection and privacy.
Business Unit Managers: Responsible for identifying and assessing cyber risks specific to their respective departments.
Integration of Risk Management Process into Organization Processes
C. Two case-specific examples of integrating the risk management process into TJMAXX’s organization processes could be:

Conducting regular risk assessments during the software development lifecycle to identify vulnerabilities and implement appropriate security controls.
Integrating cyber risk management into the procurement process by evaluating the security posture of vendors and third-party suppliers before engaging in business relationships.
Communication and Reporting Mechanisms
D. Two case-specific communication and reporting mechanisms to actively encourage support, accountability, and ownership of risk at TJMAXX could be:

Regular cybersecurity awareness campaigns to educate employees about the importance of risk management and reporting any suspicious activities.
Establishing a dedicated reporting channel, such as a hotline or an anonymous reporting system, to encourage employees to report any potential cyber incidents or vulnerabilities they identify.

By implementing these risk management principles, TJMAXX can create a robust cyber risk program that fosters a culture of cybersecurity awareness and ensures proactive identification and mitigation of cyber risks.

 

 

 

 

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