Question

Each company has resource constraints, therefore, it is imperative that you as a security professional be sensitive to that and offer ways to reduce risk in a cost effective manner.

1. Explore the link between resources and security. Perform research and provide examples of when this has went well and not gone well.

2. Examine the link between risk and security requirements. Explain how a level of acceptable risk drives the selection of security requirements.

Answer 1

The link between resources and security is imperative in a business context. Proper resource allocation leads to effective security measures, while inadequate allocation can result in negative consequences.

Step-by-step explanation:

The link between resources and security in a business context is crucial. As a security professional, it is important to be aware of the resource constraints faced by companies and offer cost-effective ways to reduce risk. For example, implementing a robust cybersecurity system can help protect sensitive data without requiring significant financial investments. On the other hand, when resources are limited or poorly allocated, security measures may be compromised, leading to increased vulnerability.

When resource allocation and security efforts align effectively, companies can achieve positive outcomes. For instance, a multinational corporation investing in secure supply chains and conducting regular risk assessments can mitigate the risk of supply disruptions and ensure a smooth operation. On the contrary, inadequate resource allocation for security measures can result in negative consequences. An organization that neglects to invest in adequate fire protection equipment may face significant financial losses and reputational damage in case of a fire.