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CSIA WK7 Discussion.docx - Discussion WK7: Risky Business:...

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Discussion WK7:Risky Business: How Can U.S. Companies Protect their Digital Assets Overseas?Risky Business: How Can U.S. Companies Protect their Digital Assets Overseas?Prepare a 3 to 5 paragraph briefing statement that can be used to answer the above question. Youraudience will be attendees at a conference for small business owners who are interested in expandingtheir footprint overseas (sales, offices, product development & manufacturing, etc.).Post your briefing statement as a reply to this topic. Provide in-text citations and references for 3 or moreauthoritative sources. Put the reference list at the end of your posting.As technology continues to grow small businesses are taking advantage of expanding intointernational markets overseas.Last year, Fortune 500 companies experienced greater growthoverseas than they did in the U.S.[Mit11].This opportunity is accompanied by greater risks andadditional research is needed to prepare an organization for this form of expansion.Cyberthreats are a global phenomenon and are continually developing in sophistication and impact,despite the advances in cyber-security technologies and practice[Toh15].U.S. companies shouldgo through a compliance checklist when working with suppliers abroad[Cic15].There are multiple ways to manage overseas business risks but you must first get anunderstanding of the culture the organization decides to conduct business.The laws and rules inother countries are different from the U.S. and can be detrimental to your assets if not properlyfollowed.An understanding of the country’s security environment must be evaluated todetermine the level of risk due to corruption, crime, and political conflicts.These factors need tobe monitored providing updates on changes to the organization.Countries such as Venezuela,Dominican Republic, and Nicaragua that have unstable economies, are not advanced as the U.S.,have poor infrastructure, and continue to use unsupported systems making them a higher risk.Other locations such as Norway, Switzerland, and the Netherlands have been determined to havethe least amount of risk.

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