The discussions should be in APA format including references and between 350-400 words. Attached PDF version of the chapters.

1) Chapter 7 discusses situational awareness. Much of the security efforts of the past have been centered around prevention and protection. The increasing sophistication of cyber attacks have shown that no controls are 100% effective, and some compromises do occur. There is a rising realization that in addition to considering prevention and protection, controls that address detection and response are necessary to improve security posture. Please describe how situational awareness is a driver for detection and response controls.

2)Chapter 18 presented special risk management issues with Blue Wood Chocolates, and chapter 19 presented various financial risks at Kilgore Custom Milling. If Blue Wood Chocolate and Kilgore Custom Milling are to develop a risk management framework, who should lead the process at each company? Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she report and have access to? How could smaller companies without the resources for a dedicated CRO deal with ERM? What is the role for the board in such a process?

To complete this assignment, you must do the following:

A) Create a new thread. As indicated above, if Blue Wood Chocolate and Kilgore Custom Milling are to develop a risk management framework, who should lead the process at each company? Should a Chief Risk Officer (CRO) be appointed? If so, to whom should he/she report and have access to? How could smaller companies without the resources for a dedicated CRO deal with ERM? What is the role for the board in such a process?

ANSWER ALL OF THE QUESTIONS ABOVE IN YOUR THREAD

Answer preview

Situational awareness is when an organization understands the position in risky situations. According to Fraser, Narvaez, & Simkins (2015), situational awareness helps in detecting and responding to the risks that threaten the organization. There are different ways in which situational awareness becomes helpful in helping to cope with the risks. situational awareness will help in understand the environmental threats such as natural disasters, the cost of the raw materials supplied, availability of water…

 

(500 words)