Zion is the CEO at Elite Auto Parts Store, which has 4 locations in the state. There has been a recent theft near one of the stores. Zion decides to purchase a security system and install armed security guards at all locations. What type of risk response is being illustrated?Select answer from the options belowRisk TransferenceRisk AcceptanceRisk AvoidanceRisk Mitigation
Question
Zion is the CEO at Elite Auto Parts Store, which has 4 locations in the state. There has been a recent theft near one of the stores. Zion decides to purchase a security system and install armed security guards at all locations. What type of risk response is being illustrated?Select answer from the options belowRisk TransferenceRisk AcceptanceRisk AvoidanceRisk Mitigation
Solution
The type of risk response being illustrated in this scenario is Risk Mitigation. Zion is taking steps to reduce the impact or likelihood of the risk (theft) by installing a security system and armed guards. This doesn't transfer, accept, or completely avoid the risk, but it does lessen its potential impact.
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An apartment complex uses a third-party security company to monitor and secure the grounds. The security company is fully licensed and bonded. What type of risk response is being illustrated?Select answer from the options belowRisk MitigationRisk AcceptanceRisk TransferenceRisk Avoidance
Question 2Competitor organizations are the biggest threat to a company’s security.1 pointTrueFalse
A security manager is responsible for identifying and mitigating insider threats within the organization. The manager has concerns about the potential for intentional insider threats. Which scenario best describes this type of threat?A.An employee accidentally causes damage through neglect, or an outside attacker exploits them.B.A contractor knowingly uses unauthorized software or cloud services.C.A script kiddie uses hacker tools without understanding how they work.D.An employee deliberately causes damage to the organization.
Assignment 4 Scenario Secure Force Corporation is an American corporation who is planning to expand into the Canadian market. The corporation sells home security systems door to door with a mobile sales force. The corporation offers extremely low initial pricing which makes a Secure Force appear to be an attractive bargain relative to other home security systems. However, it will prove very difficult for customers to actually pay the advertised amount for home security because of mandatory maintenance and monitoring fees that are added on later. The alarm products and motion sensors they sell are of inferior quality and are prone to breaking and electrical short circuits, which has caused injury to their customers in the past. The company has historically had strong sales due to its pushy sales force even though their products are worse than similar ones that can be bought at retail outlets or from others. The sensors, cameras and alarms are also priced significantly higher than similar products. Secure Force Corporation is concerned that there may be some Canadian laws that may negatively impact or restrict their business when they move into the Canadian market. They have hired you to advise them in this regard and have asked you to describe any significant aspects of Canadian law that they should be aware of and outline any options they may have to limit their liability. Use the IRAC formula to work through the scenario. The IRAC formula presents a structured way for you to organize your thinking and your answer to spot the issue(s) questions. Once you have read the scenario, advise the Secure Force Corporation on Canadian laws that may negatively impact or restrict their business. Describe any significant aspects of Canadian law that they should be aware of and outline any options they may have to limit their liability.
Roy, a former employee, visits the organization to collect his settlement papers. He enters the building with a concealed camera on his backpack. What type of security threat does this action pose?
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