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Along with the cybersecurity enhancement act is the

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Along with the Cybersecurity Enhancement Act is the Cybersecurity Act of 2015, this act isfocused on federal and state government and its primary means is to provide near real-timeinformation on cyber related incidents (Prime Indexes, 2019). The World Economic Forum(WEF) for Cybersecurity has also developed the General Data Protection Regulation (GDRP), itsmain purpose is to provide guidance for businesses and citizens in the European Union (PrimeIndexes, 2019).Operational Risk OverviewOperational risks have the potential to expose and put suppliers and purchasers in acompromising situation. Day to day organizational functions of Amazon can becomecompromised due to the misuse of cybersecurity complications. Operational risk must bescrutinized on a higher level in an organization such as Amazon to avoid poor quality standardsfor products that relate to cybersecurity protection.By doing so, Amazon will be able to betterprotect themselves and can avoid losing money due to negligence from the organization (Cebula,Popeck and Young, 2014). To avoid operational risk failures, the supplying organization must beable to supply a high level of fidelity and products that are at the top of the market for Amazon.These products must be able to ensure the privacy of purchaser information, must be authenticand must be able to provide the purchaser and the purchasing organization access to data at anytime.According to Cebula, Popeck and Young, Operational Risk fall within four categories:
1.Actions of people- This is one of the most important risk due to the availability ofinformation and the carelessness of employees to protect the information. Also, by notfollowing the correct procedures and protocols can also lead to operational risk that canultimately affect Amazon in the long scheme of things.2.Systems and Technology Failures- The results of hardware complications can result inloss of time and money for the supplier. By not knowing what the problem is exactly, thesupplier can be putting the entire project at jeopardy. These system failures should beexamined rapidly and thoroughly to rule out any malicious activity.3.Failed Internal Processes- A failed process for a supplier can lead to Amazon not beingable to meet the required expectations needed. This can cause the organization to havedesign flaws for the product and has the potential to cause problems for the purchaser. Ifthe Amazon is unable to identify these flaws, Amazon may be at risk and can cause hugefinancial implications for the organization.4.External Events- These events are caused by circumstances that are not under control ofthe supplier or purchaser. The events can be caused by natural disasters, the dependencyof utilities, such as electricity, fuel and transportation and can still hold the supplier andpurchaser at risk. There is also the chance that legal issues can play a role in externalevents and can wreak havoc for the supplier and purchaser.

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Term
Spring
Professor
na
Tags
Communications, Amazon com Inc, Operational risk

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