Please see attachment for full instructions – ONLY PHASE 1
In order to understand the process of how an organization responds to a risk situation, you will need to find two public cases of risk mitigation. In examining the two public cases, you will pay special attention to the legal, ethical, safety, environmental, cultural, political, and financial factors addressed by both.
Your goal will be to create a compare and contrast assessment of the two cases regarding the aforementioned considerations. The result of the two case comparisons will allow you to extract best practices while developing a risk management plan for the company you work for.
Requirements of Submission: Written components of your project must follow these formatting guidelines when applicable: double spacing, 12-point Times New Roman font, one-inch margins, and APA format for all elements. 2- to 3-page analysis of the Executive Summary by Ernst and Young Business Pulse 2013. (in attachment)
Answer preview
The primary issue concerns the legal requirements for safeguarding consumers’ data. With the USA and other countries enacting data protection laws, the stakes are higher as organizations that fail to take appropriate steps to protect such data risk incurring heavy sanctions. Industry players and security experts questioned the effectiveness of the security measures that Target had put in place after the severe breach occurred (Shu et al., 2017). Yahoo suffered a barrage of cyberattacks in 2014 but created a misrepresentation that it
Ethical and cultural issues concern the requirement to disclose the situation’s gravity to the public who constitute the two entities’ consumer base. Discerning the appropriate response once a breach occurs is a significant facet of risk mitigation. Given its sensitivity, company
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