Hong Leong Group Case Study
6. Recommendations
Hong Leong group can adopt the following security measures to protect its business and its customers from cyber threats.
Cyber security training program- Hong Leong group can consider cyber security training for its employees. It is a known fact the outside consultants are required for external audits regarding software security but internal training to employees can minimize all possibilities of threats. Through this program Employees can be made aware of potential risks and how to tackle these risks. Training can be in the form of online training or classroom training whichever the organization things to be cost effective on its part. In fact online training is much more cost effective as training proceedings can be done …show more content…
As Hong Leong group’s business relies on then use of mobile devices to interact with customers, the threat becomes high. Cyber criminals can inject virus or malware in the smartphones and make the phone unresponsive to the user. He can access user information from the phones through certain malicious programs and thus steal user identity. He can also manipulate the phone as his own to send SMS and spam mails and even make phone calls (Seals, iPhone-targeting XcodeGhost Malware Infiltrates US Enterprises, 2015).
When a business like Hong Leong group relies mainly on mobile devices, it must consider insisting its employees as well as customers to install mobile security software programs in their devices. Installing of security software like Antivirus and firewall can prove to be of great help. These programs detect and prevent any malicious software from entering the systems. Also software regarding visual notification and Biometric identifications can be used. Visual Notifications tend to warn the user of any unauthorized action that is happening on his device. Biometric Identification is a far superior technique of user identification and access to the device than password protection. It relies on identification of a person and granting him access to the device based on his morphology like fingerprint, eye retina images etc. As morphology of ever person is unique it provides a very …show more content…
Cyber threats have become common especially for financial sectors and in order to overcome these threats they invest huge amounts for various security measures. But still cyber criminals find a way out to give light to their destructive intentions. In spite of such high security investments if cyber crime still occurs, then the organization may face huge issues and may be unable to come out of the losses incurred (Ferrillo, 2014). It is therefore always wise to have cyber insurance done for overcoming possible losses in the future. Various cyber insurance policies include credit/identity theft monitoring, customer notification expenses, privacy and security liability, cyber extortion, hacker damage costs and many more. Hong Leong group can identify the areas where it faces potential threats of cyber crime and can have cyber insurance done for those particular
Hong Leong group can adopt the following security measures to protect its business and its customers from cyber threats.
Cyber security training program- Hong Leong group can consider cyber security training for its employees. It is a known fact the outside consultants are required for external audits regarding software security but internal training to employees can minimize all possibilities of threats. Through this program Employees can be made aware of potential risks and how to tackle these risks. Training can be in the form of online training or classroom training whichever the organization things to be cost effective on its part. In fact online training is much more cost effective as training proceedings can be done …show more content…
As Hong Leong group’s business relies on then use of mobile devices to interact with customers, the threat becomes high. Cyber criminals can inject virus or malware in the smartphones and make the phone unresponsive to the user. He can access user information from the phones through certain malicious programs and thus steal user identity. He can also manipulate the phone as his own to send SMS and spam mails and even make phone calls (Seals, iPhone-targeting XcodeGhost Malware Infiltrates US Enterprises, 2015).
When a business like Hong Leong group relies mainly on mobile devices, it must consider insisting its employees as well as customers to install mobile security software programs in their devices. Installing of security software like Antivirus and firewall can prove to be of great help. These programs detect and prevent any malicious software from entering the systems. Also software regarding visual notification and Biometric identifications can be used. Visual Notifications tend to warn the user of any unauthorized action that is happening on his device. Biometric Identification is a far superior technique of user identification and access to the device than password protection. It relies on identification of a person and granting him access to the device based on his morphology like fingerprint, eye retina images etc. As morphology of ever person is unique it provides a very …show more content…
Cyber threats have become common especially for financial sectors and in order to overcome these threats they invest huge amounts for various security measures. But still cyber criminals find a way out to give light to their destructive intentions. In spite of such high security investments if cyber crime still occurs, then the organization may face huge issues and may be unable to come out of the losses incurred (Ferrillo, 2014). It is therefore always wise to have cyber insurance done for overcoming possible losses in the future. Various cyber insurance policies include credit/identity theft monitoring, customer notification expenses, privacy and security liability, cyber extortion, hacker damage costs and many more. Hong Leong group can identify the areas where it faces potential threats of cyber crime and can have cyber insurance done for those particular