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7 Nine months after going live with the project, Sam has been contacted by an eco-terrorism organisation explaining that they have been able to breach SeaForest's systems and obtain a list of all of the farmers that use their products as well as the amount of methane they've reduced. They have threatened to use that information to target other farmers who do not use SeaForest supplements with targeted protests and disruptions. Provide a critical analysis of the four risk management responses available to Sam along with a recommendation. Copy and paste the following answer template onto the answer field. Fill in your answer accordingly. Mitigate: Accept: Transfer: Avoid: Recommendation:

Question

7 Nine months after going live with the project, Sam has been contacted by an eco-terrorism organisation explaining that they have been able to breach SeaForest's systems and obtain a list of all of the farmers that use their products as well as the amount of methane they've reduced. They have threatened to use that information to target other farmers who do not use SeaForest supplements with targeted protests and disruptions. Provide a critical analysis of the four risk management responses available to Sam along with a recommendation. Copy and paste the following answer template onto the answer field. Fill in your answer accordingly. Mitigate: Accept: Transfer: Avoid: Recommendation:

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Solution

Mitigate: Sam could invest in strengthening the security measures of SeaForest's systems to prevent future breaches. This could involve hiring cybersecurity experts, implementing stronger firewalls, encryption, and other security protocols.

Accept: This involves acknowledging the risk and preparing for potential consequences. Sam could develop a crisis management plan, which could include a communication strategy to inform farmers about the breach and potential threats, and measures to support them in case of protests or disruptions.

Transfer: Sam could consider transferring the risk to a third party, such as an insurance company or a cybersecurity firm. This could involve purchasing a cyber liability insurance policy to cover the costs associated with data breaches, or outsourcing the management of their IT systems to a firm specializing in cybersecurity.

Avoid: This would involve stopping activities that lead to the risk. In this case, it could mean not storing sensitive information about farmers and their methane reduction. However, this could impact the company's operations and its ability to track the effectiveness of its products.

Recommendation: Given the potential harm to farmers and the company's reputation, the best course of action would be a combination of mitigation and transfer. Sam should invest in strengthening the company's cybersecurity measures and consider transferring some of the risks through insurance. At the same time, a crisis management plan should be developed to support farmers in case of protests or disruptions.

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