Course Hero Logo

CSIA 350 Project #3.docx - Final Project 5 SUPPLY CHAIN...

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 4 out of 10 pages.

Final Project 5 SUPPLY CHAIN RISK ANALYSIS 1CSIA 350 Cybersecurity in Business & IndustryProject #3 – Risk Management Strategy for an e-Commerce CompanyUMGCPaul D. ZonaProfessor Eric Brandenburg6/20/2020
SUPPLY CHAIN RISK ANALYSIS 2PayPal Executive SummaryPayPal is one of the largest financial services company in the world. PayPal has an extensiveplaying part in the e-commerce world. Ecommerce refers to the buying and selling of goods andservices through electronic means such as on the internet platforms and now even for advancedwith a simple push of a button on our smartphone or other portable devices. PayPal was formedin 1998 by Paul Alto only as a subsidiary of eBay to assist in online money transfers. In 2002, itbecame a public offering with more than $1.5 billion in profits. The company has evolvedoffering various services across the globe, such as online payments and transferring of fundsamong individuals. Throughout the company’s history, it has experienced a fair share ofchallenges with several incidences of their customers losing their money. Some of thechallenges include, hacking and phishing of customer data. Mostly the challenges are due toCyber concerns and how to mitigate risks. PayPal APIs have been faulted for the severalinsecurities associated with their systems. The company has continued to grow and now canoffer its customers extensive services through online payments, donation platforms, internationaltransfers, and it has also incorporated mobile money transfer platform MPESA making it evenmore convenient for the users. So much of information technology continues to play a veryimportant part of our daily lives, however, it brings many serious security challenges. PayPalhas over 267 million active accounts as of 2018, with 9.9 Billion transactions by the end of 2018.A total of $578 billion was transacted over this platform during the period. Cybersecurity refersto the state of ensuring a system is protected against any form of malicious access that may resultin the loss of data or the destruction of property. PayPal being an e-commerce platform, it facesseveral risks all the time hence the need to work on their security. PayPal provides a secure
SUPPLY CHAIN RISK ANALYSIS 3platform to the customers in a manner that they can transact with ease without fear of losses totheir money or illegal access to their personal information that may put them at risk.Risk Management ProfileRisk management is a constant ongoing process which helps to identify, asses, and how torespond to risks. In order to manage risk, organizations need to understand the likelihood that anincident could occur and what impact it can have. According to NIST document, “With anunderstanding of risk tolerance, organizations can prioritize cybersecurity activities, enablingorganizations to make informed decisions about cybersecurity expenditures. Implementation ofrisk management programs offer organization the ability to quantify and communicateadjustments to their cybersecurity programs.“ (NIST, 2014).

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 10 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
N/A
Tags
PayPal

Newly uploaded documents

Show More

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture