Scenario * The organization is a regional XYZ Credit Union/Bank that has multipl
ID: 3911132 • Letter: S
Question
Scenario
* The organization is a regional XYZ Credit Union/Bank that has multiple branches and locations throughout the region.
* Online banking and use of the Internet are the bank’s strengths, given limited its human resources.
* The customer service department is the organization’s most critical business function
. * The organization wants to be in compliance with Gramm-Leach-Bliley Act (GLBA) and IT security best practices regarding its employees.
* The organization wants to monitor and control use of the Internet by implementing content filtering.
* The organization wants to eliminate personal use of organization-owned IT assets and systems.
* The organization wants to monitor and control use of the e-mail system by implementing e-mail security controls.
* The organization wants to implement this policy for all the IT assets it owns and to incorporate this policy review into an annual security awareness training program.
Assignment Requirements:
1: Page 75 of the book lists the 11 stages in the strategic planning process. Even though they are listed in the Roles and Responsibilities section, it’s really an outline of the overall strategic planning process.
HERE ARE THE QUESTIONS:
1. Preparation to plan
2. Review and revision of vision/mission/values, and so on
3. Data gathering for input to planning
4. Development of the plan’s framework
5. Creation of a strategic plan
6. Refinement of the strategic plan (possible “catch-ball” process)
7. Reviews of the strategic plan
8. Approval of the strategic plan
9. Communication of the strategic plan
10. Predetermined reviews against the plan
11. End-of-the-year performance to plan
2: Provide a 1-2 paragraph explanation of each stage. You need to explain the goal(s) of the stage and how it fits into the whole strategic planning process. Include the inputs and outputs of each stage. Using the scenario above:
3: Summarize your recommendations for this organization as they create a new IT Strategy. Include their potential benefits and costs
4: Describe how this organization would use the strategic planning process to develop and maintain their strategic plan.
Explanation / Answer
*Banking security system is the protection against the hacking of customer data, damage, asset lost and the crime.
*Online banking system is the easy way to do crime for hackers instead of robbing a bank.
*Bank should improve the policies to keep the customer’s data secure like antivirus protection of computer, Firewall, website encryption etc.
* Customer’s personal information should be secure.
* Bank physical assets and system includes devices such as laptop, tablets and smart phone should be under banking security violation policy. It should not affect customer and banking production.
2.Review :
*Banking proprietary and customer confidential information’s and intellectual properties are the banking assets. proprietary and customer information’s such as trademark, trade secrete, copyright etc.
* customer service department should follow the Gramm-Leach-Bliley Act as per the bank policy.
* Employees should register all their owned assets such as Desktop, Laptop, tablets as per the bank policy.
* Banking should provide cyber security training to the all employees to protect the customer’s data.
* Bank should track the customer activity against the insecure attempt.
* Using third party software, application and cloud based services and data will improve the security of banking system.
2.1.Mission :
3. Data gathering for input to planning :
4. Development of the plan’s framework :
5.Creation of a strategic plan
Determine process :
Bank should follow the compliance policy, GLBA & IT security policy and employee’s asset management policy.
Develop strategy :
To implement the security the policy on email system and other communication mechanism.
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