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. [...]
[...] Mobile access is important because it is convenient. Sometimes IT departments consider mobile access risky and full of operational challenges, they therefore resist it. Instead of assuming that mobile access is too risky, organizations such as McBride Financial Services should try to keep their business assets secure while simultaneously focusing on the benefits of mobile access. Organizations should be careful with the Mobile Device Management products that they use. They should look at the security policies of the MDM vendors to ensure that they are safe for data sharing. [...]
[...] There is a risk in cases where the users bring their own devices. These include operational and security issues. These devices are useful when users use them semi-officially or unofficially. Sometimes demanding users may have devices that the organization is unfamiliar with; therefore, they may have difficulties with troubleshooting. On top of that, the organization has little control over what the users may wish to do with their mobile access (Norton, 2013). Many IT departments usually are stuck between managing the needs of the users and security concerns. [...]
[...] Retrieved from http://finance.yahoo.com/news/research- shows-almost-90-organizations-120000188.html Information Commissioner's Office. (2011). Data Sharing, Code of Practice. Cheshire: Information Commissioner's Office. Norton, K. (2013) Mobile Security Mistakes that Organizations Make. [...]
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