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Applying risk management consulting

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Government
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General public
Study
computer...
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University...

About the document

Marcus F.
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documents in English
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case study
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6 pages
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General public
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  1. Introduction
  2. Discussion
  3. Financial services
  4. Organizational data
  5. Security concerns
  6. Cloud resources
  7. Conclusion

Large companies rely heavily on their data and computer systems for their research, development and for other aspects of business such as employee management, and shipment tracking. If external parties compromise their data, they have a lot to lose. McBride Financial Services (MFS) is one of these companies. It is a Professional Mortgage Provider, which deals primarily with customer loans for both secondary and primary residences. It operates in South Dakota, North Dakota, Wyoming, Montana, and Idaho in the United States.

It provides secondary and primary home purchases, individual and community purchases for recreational properties, and retiree assistance in purchasing homes. McBride Financial Services also offers home inspections, appraisals, and credit reports as a value added service at the lowest rate mortgages for a $1500 fixed price. It identifies itself as a ?One-Stop Mortgage Provider' and promises to provide its customers with effective and proficient process of applying mortgage from start to finish.

[...] They may need to update their risk plans at least once every three years. They should also monitor the activity of the risk simultaneously and continually. The discussed risk plan for McBride Financial Services offers it a way in which it can run its business with confidence while increasing its profits at the same time. References Deloitte, (2013). How to Mitigate Concerns When Moving to the Cloud. Retrieved from http://deloitte.wsj.com/cfo/2013/03/20/how-to-mitigate- concerns-when-moving-to-the-cloud/ Intralinks Holdings, (2013). Research shows almost 90% of organizations are concerned about consumer file sharing and meeting future data regulations. [...]


[...] This means that they need to decide whether they update the information that they share on their website daily, weekly, monthly, annually, or just once (Information Commissioner's Office, 2011). Another consideration that they should make is how to share the information. They should be able to have a secure way of sharing the data that they need to share on their website. They need to have a means with which they can measure their objectives. This means that they should be able to tell whether they have met their objectives after sharing their data or information on the website. [...]


[...] They should then conduct a risk assessment to identify the threats and neutralize them. They should then implement the solutions to deal with the threats. They should consider the infrastructure of the devices in order to be able to monitor the device communication path from another point. They should also define their security requirements in order to support their mobility program. They should also define their infrastructure and systems (Norton, 2013). When deciding whether to use cloud resources, McBride Financial Services should consider alternatives. [...]


[...] McBride Financial Services (MFS) is one of these companies. It is a Professional Mortgage Provider, which deals primarily with customer loans for both secondary and primary residences. It operates in South Dakota, North Dakota, Wyoming, Montana, and Idaho in the United States. It provides secondary and primary home purchases, individual and community purchases for recreational properties, and retiree assistance in purchasing homes. McBride Financial Services also offers home inspections, appraisals, and credit reports as a value added service at the lowest rate mortgages for a $1500 fixed price. [...]

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