Foundations of Risk Management Research Paper Example | Topics and Well Written Essays - 1000 words

Foundations of Risk Management - Research Paper Example The challenge in cyber security is that it affects different losses from loss of privacy to loss of even finances and it goes to the extent where crucial data can be lost. Hackers can be in the country or outside the country. The challenge is that this war is beyond borders and with the world changing fast it will be a huge challenge in America in the next decade. There are many factors that are contributing to this vice one of it is that it is a channel that terrorist can use so as to further their agenda. By accessing the security intelligence system terrorists may be able to gain some ground they can also steal crucial data that they may use to their advantage such as weapons manufacturing and analyzing the best time to attack (Huffman). The second most crucial factor is greed. There are many way people can access financial transactions using the internet. Banking industry is the most affected whereby hackers try to steal money electronically even though they have really tri ed to do their part the financial losses have been going on for a while. This is what makes America have enemies from within their country. Criminals who want to get easy money. The third challenge that is proving difficult is the lack of trust among countries. American government was recently accused by Germany of hacking their Prime minister cell phone. Such acts have brought about mistrust among trusted allies in the fight against cybercrime. Apart from America Sony entertainment a company subsidiary to Sony limited wanted to release a movie that brought out diplomatic battles where North Korea allegedly hacked into the system and stole all data from Sony then released confidential emails among the Staff to the public. This cannot be ignored as petty as it brought a lot of losses to the company. From a business angle Sony Investors must have been shocked by the turn of events that