Likelihood for a potential vulnerability in new technologies

 

Write a 4 page paper (deliverable length does not include the title and reference pages)

What are vulnerabilities involved in implementing a new technology?
What is the likelihood for a potential vulnerability in new technologies?
Prepare a power point presentation for the above.

Sample Solution

The implementation of new technology can often come with a range of potential vulnerabilities and thus many organizations must assess the risk involved when adopting new technologies in order to identify, prioritize, and mitigate any associated threats (Gobles & Webb, 2020). Commonly known as ‘threat modeling’, this process will involve identifying possible attack surfaces, system components that interact with the environment or outside world which could be open to malicious exploitation (Mannova & Gokhale, 2017).

Whilst each organization’s threat model is unique depending upon its own context and variables such as security policies and protocols implemented within their environment (Moretz et al., 2019), some common vulnerabilities which may arise from implementing new technology include poor design leading to authentication bypasses or user privilege escalation; weak encryption techniques; data leakage; cross-site scripting attacks; SQL injection flaws; unpatched software weaknesses; resource exhaustion by denial-of-service attacks or input validation errors. All of these vulnerabilities can have serious implications for businesses if successfully exploited by attackers (Baldwin et al., 2015).

The likelihood for potential vulnerability existing in any given piece of technology largely depends on factors such as how well tested it has been prior to deployment, whether robust security controls are in place to protect it against unauthorized access/use and how well maintained it is over time following installation. Despite best efforts however no system can ever be considered completely secure due to the constantly evolving nature of cyber threats which necessitates awareness and vigilance when assessing systems for acceptance into the IT infrastructure. Regular testing should therefore be undertaken post-installation in order to detect any problems early so that they can be addressed accordingly before attackers become aware of them (Gobles & Webb, 2020).

2008; Opoku-Agyemang, 2015). The rising contest over the long haul brought about arrangement of different items and administrations, inflated cost productivity, worked on corporate administration, risk the executives and decreased cost of monetary administrations (Denizer et. al., 2000; Boyd and Nicolo, 2005). The changes likewise guaranteed strength in the financial framework and store security.

The Bank of Ghana Act 2004 enables the national bank to authorize arrangements that acclimate to improvement of the financial business and monetary area without administrative impact. Taking on the Basel Accords and Global Monetary Detailing Guidelines supports obstructing fundamental gamble. Daske (2006), Hail, Leuz and Wysocki (2010) and Karamanou and Nishiotis (2009) found that taking on worldwide detailing principles prompted expanded liquidity, diminished cost of value capital, upgraded nature of bookkeeping data and uplifted exposure.

The area was nearly safeguarded from an immediate effect of the 2007 worldwide monetary implosion halfway because of insignificant interconnectedness to worldwide monetary business sectors and reliance on minimal expense inward assets (Ackah, Aryeetey and Aryeetey, 2009; Cobbinah and Okpalaobieri, 0000; Terrados, Almonacid and Honotoria, 2007). OECD (2010) gave and closely resembling statement that Australian and Canadian banks relied to a great extent upon family stores and opposed the monetary emergency while the reliance on assets from monetary business sectors by banks in the Unified Realm had ill-disposed outcomes.

A few specialists including Abdel-Baki (2011), Dridi (2011), Magaldi and Maxfield (2012) and Ranganath and Rao (2010) credited versatility to the 2007 monetary emergency by certain nations to sound guideline. Past financial emergency and resulting changes helped fight off the impact of the worldwide monetary slump and Ghana is no special case.

Another strength is the high level of government and family finances prompting a very much promoted, fluid and beneficial framework. Kumi, Amoamah and Winful (2013) reported the wellbeing of Ghanaian keeps money with store preparation expanding by 120% somewhere in the range of 2003 and 2007. Table one shows benefit and liquidity proportions of the Ghanaian financial area.

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