Executive summary
The given report has been prepared for founder and MD of TechWave solution named Joline
Schack. This report involves in evaluating and enhancing the current information security
posture of the company when involved in expansion of the company. As TechWave Solutions
plans to expand in new location, there is a need for a formal and structured security management
approach is found to be a significant one. The purpose of this report is to develop a
comprehensive Security Management Plan that helps in addressing the risks, vulnerabilities, and
legal obligations of company and also supporting the secure operations across the multiple sites.
The scope of this report includes an assessment of the existing IT practices and identification of
threats and potential attacks, mitigation strategies, and detailed design of contingency and
business continuity plans. It also examines the legal and statutory requirements. Finally, cost-
benefit analysis will be conducted.
The key recommendations were mentioned such as adoption of formal risk management
procedures, upgraded security infrastructure, usage of secure communication channels between
offices, and comprehensive incident response strategy. By following the strategies outlined in
this report, TechWave Solutions can be able to do the expansion securely and can be able to
maintain the trust of its client base. Making the recommended changes in the current security
infrastructure of the TechWave solution can generate the fruitful result irrespective of the intense
nature of the threats and attacks.
Table of Contents
Executive summary.........................................................................................................................1
Introduction......................................................................................................................................3
Model used to develop security management plan..........................................................................3
Legal and statutory requirements.....................................................................................................6
Cost benefit analysis........................................................................................................................8
Conclusion.......................................................................................................................................8
References........................................................................................................................................9
Introduction
The given report explores how the TechWave solutions plans to expand the operation by opening
an another office in a city. Due to its expansion, the need for data management and operations
will be high. To fulfill this requirement, the current IT security practices needs to be revised to
offer sensitive assets and data. This report mentions the formal security management strategy
with main focus on the risk management plan, business continuity and legal compliance.
As per the analysis, the usage of ISO/IEC 27001 framework can helps in eliminating the
TechWave’s operational complexity. It also ensures that security will be treated as a continuous
business process. By embedding the risk management and policy enforcement into daily
operations, the company can be able to build resilience and gain competitive advantage.
This report briefs the importance of a Risk Management Plan (RMP). The deployment of this
plan helps to identify, evaluate, and control the potential risks before it impact the business. The
development of this plan not only enhance decision-making and resource allocation but also
align with legal obligations as per the Privacy Act 1988, the Notifiable Data Breaches (NDB)
Scheme, and GDPR when processing the international client data. If any failure to comply with
these statutory requirements, then financial penalties and reputational damage will be imposed.
Additionally, the advent of the contingency planning can be significant for the TechWave. It
ensures that the IT operations can continue its operation irrespective of the cyber attacks
happened. The inclusion of a detailed risk analysis and cost-benefit analysis further helps to
made the security investments are justified and aligned with the strategic goals of the company.
Together, these measures will make the TechWave Solutions to grow securely and confidently
by safeguarding its operational integrity and client trust.
Model used to develop security management plan
We have employed ISO/IEC 27001 framework to strengthen the security of the TechWave
solutions (Eichholz, Hoffmann, & Schwering, 2024). This recognized standard for the
information security management systems can serve as a holistic approach in managing the
company’s sensitive data. The ISO/IEC 27001 framework integrates the risk assessment, policy
enforcement, and continuous improvement to make it as an ideal fit for a growing business
(Putra & Sunaringtyas, 2021).
The deployment of this framework can ensure that the information security system of the
Techwave can be free from the security risks. This can significantly improves the internal
operations by adhering to the regulatory compliance and in turn improves the trust level of client
with clear commitment to the data security practices. The framework employed can also make
the employees to well trained and know about how to handle the threats effectively. The usage of
this framework guides the entire team of TechWave solution to apply the regulatory and
compliance standards to stay away from the threats.
Threats, Vulnerabilities, and Attacks
TechWave Solutions subjected to the multiple cybersecurity threats and it will certainly affects
the sensitive business and client data. The threats evolved in this organization has been
categorized as major and minor threats and application of the mitigation strategies will occur as
per the severity and impact level. I have created a table by including the risks along with
mitigation strategies and their cost-benefit evaluations:
Threat Vulnerability Potential Mitigation Cost-Benefit
Attack
Data Lack of Unauthorized It can be overcome High value of data
Breach encryption access with the end-to-end protection outweighs
encryption and MFA moderate costs
Insider Lack of Malicious Employee training, It will prevent the
Threat monitoring actions by staff access control, activity severe internal
logging damages at a low
operational cost
Phishing Untrained Credential theft Security awareness Highly cost-effective
users training, email filtering prevention with
minimal investment
Network Unsecured External Upgrading the Results in strong
Intrusion Wi-Fi hacking firewalls and ROI through
implementation of improved external
VPNs threat defense
Physical Lack of asset Stolen Asset tagging, secure Moderate cost with
Theft control devices/data areas, physical locks substantial security
payoff
Based upon the severity of risk and its potential impact, the risk management strategy will be
applied. The application of the security measures not only helps in eliminating the threats but
also helps to build the trust among the clients by achieving the business continuity.
Hardware and Software Recommendations
It is recommended to implement the following hardware and software solutions to mitigate the
above risks effectively:
Usage of Firewalls and Intrusion Detection Systems to find the network perimeter and
detect the intrusion attempts in real-time.
You can secure the communication takes place between the headquarters and branch
offices via VPN network.
The employment of endpoint protection tools like antivirus and anti-malware should be
installed on all employee devices to protect against the endpoint threats.
The switching on to centralized monitoring tools like Security Information and Event
Management (SIEM) systems helps in achieving continuous monitoring, centralized
logging, and rapid response to suspicious activities.
To manage and secure the data across cloud applications, enforcing and detecting the
policies and monitoring the cloud usage patterns to prevent data leaks or
misconfigurations.
This multi-layered security infrastructure helps in ensuring the proactive and defense strategy to
satisfy the needs of the TechWave solutions. The above approach helps to structure the security
plan and makes the employees everyone to aware of the security threats that affects the entire
network. The precautions needs to be taken prior to avoid the massive destruction of the entire
operations.
Information/Data Management Procedures
Adhering to the information and data management practices can helps in protecting the company
assets. It will helps in achieving the operational continuity. Here are some data management
procedures that can be followed (Kitsios, Chatzidimitriou, & Kamariotou, 2023):
The access offered to the systems and data should be based strictly on user roles and job
responsibilities. It has the potential to limit the scope of potential misuse or exposure.
It is recommended to encrypt both the data in transit and at rest.
Regular Backups needs to be conducted and it will helps in testing the recovery processes
periodically (Lagrosen, 2023).
The data categorization needs to be done as per the sensitivity levels to guide the data
handling, sharing, and deletion protocols.
It is advisable to schedule the regular audits to identify potential security gaps.
These procedures will act as a backbone of the proposed ISMS framework and ensure that the
data has been handled securely and in compliance with the industry regulations (Kamil, Lund, &
Islam, 2023).
Legal and statutory requirements
The TechWave Solutions has to align with a clearly defined legal and regulatory environment. It
will result in increased compliance and protecting the customer data. Moreover, it will avoid
financial and reputational damage (Rodrigues, 2021). TechWave need to subjected to a variety of
legal and statutory obligations while handing the sensitive data and thus I have listed some of
the them below:
1. Privacy and Data Protection Laws
In Australia, TechWave needs to comply with the Privacy Act 1988 and the Australian
Privacy Principles (APPs). The application of this law can makes you to take care of
activities like data collection, use, storage, and disclosure of the personal information. In
addition, the businesses need to take reasonable steps to safeguard the personal data from
misuse, interference as well as unauthorized access.
2. Mandatory Data Breach Notification
Under the Notifiable Data Breaches scheme, if any breach occurs, the organizations has to
notify the affected individuals and Office of the Australian Information Commissioner
(OAIC) (Tworek, 2021). To meet this requirement, TechWave must have an incident
response plan and breach notification protocols in place.
3. Industry-Specific Compliance
If the TechWave offer services to the regulated sectors such as healthcare or finance, then
additional compliance standards like HIPAA or PCI DSS needs to be applied.
4. Employment and Surveillance Laws
TechWave needs to follow the Workplace Surveillance Act 2005 (NSW) to monitor the
employee monitoring and it also mandates the transparent communication if the
employee computer or email activity has been monitored.
5. ISO/IEC 27001 Compliance
While not a legal requirement, you must get the ISO/IEC 27001 certification to
demonstrates due diligence in the cybersecurity governance. It can significantly helps in
enhancing the legal positioning during litigation or investigations during a breach.
If any failure to comply with these laws can result in penalties, legal actions, or revocation of
licenses. Moreover, the non-compliance can certainly damage the client trust and business
reputation (Jiang & Marggraf, 2021). So, every individual in the TechWave solution need to
adhere to the above laws not only to secure the data but also makes the company to be safeguard
from the threats and attacks.
Cost benefit analysis
The implementation of a full-scale security infrastructure based on ISO/IEC 27001 and legal
requirements needs both initial investment and ongoing operational costs. The cost categories for
the TechWave solution has been listed as follows (Scandizzo, 2021):
Investment Estimated Cost Benefit
Enterprise VPN setup $3,000 initial + It helps in securing office-to-office
$500/year communication
Endpoint Protection $1,200/year Reduces malware and ransomware risks
Security Training $1,000/year It improves the employee awareness and
reduce the human errors
ISO 27001 $8,000 (consulting It will result in long-term compliance and
Implementation and audit) better client trust
Cloud Backup $1,500/year It will protect against the data loss and
Redundancy ensures the business continuity
The cost-benefit analysis supports the proposed investments by demonstrating the value and
return in risk reduction and compliance (Jean, 2024). The investment made in the security
technologies and methods can certainly benefit the TechWave solutions to be safeguard from the
attacks by taking proper security measures. Therefore, the investment in these technologies is
highly valued and recommended.
Conclusion
I hope this report clearly shows how the security management is not an one time effort but it is
an ongoing process. As the TechWave solution plans to expand, the adoption of formal approach
to the information security can be significant. The deployment of ISO 27001-based practices can
helps in addressing legal requirements and investing in security infrastructure and training can
helps in ensuring the secure operation of the multibranched offices. The above explored risk and
contingency planning not only helps in safeguarding the data but also paves the way for
uninterrupted business growth. TechWave Solutions can be able to maintain its commitment to
innovation while ensuring the highest standards of security and trust through strategic planning
and constant improvement. The above shown procedures and techniques can helps to form a
effective security framework that helps in defending the security risk effectively.
References
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Jiang, W., & Marggraf, R. (2021). The origin of cost–benefit analysis: a comparative view of
France and the United States. Cost Effectiveness and Resource Allocation volume , 1-9.
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legitimacy of ISO/IEC 27001: stakeholders’ perspective on expectations in private
organizations in Sweden. Information Systems and e-Business Management , 699–722.
Kitsios, F., Chatzidimitriou, E., & Kamariotou, M. (2023). The ISO/IEC 27001 Information
Security Management Standard: How to Extract Value from Data in the IT Sector.
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Lagrosen, S. (2023). Quality configurations:a contingency approach to quality management.
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Rodrigues, A. (2021). From contingency planning in times of change and uncertainty to risk
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