Activity 4

M3 Analyse how threats, and mitigation of those threats, impact an

organisation and its stakeholders

Analysis of Threats and Mitigation Impact on an Organization

and Its Stakeholders:

Introduction
The purpose of this report is to give a thorough assessment and explanation of the
suggestions offered for Dorch Karaoke in Activities 2 and 3. We will look at other
ways that information and data could have been used and shared, evaluate the
impact that internal and external threats have on the company and its stakeholders,
look at ways to lessen these threats, and critically assess how using information and
data has affected the company and its stakeholders. We will also provide justification
for the choices we took while creating guidelines for appropriate IT use.

Threats

●Cybersecurity risks: Cyber ​attacks such as ransomware, phishing, data breaches can
cause loss of revenue, unauthorised access to privacy, and damage to company reputation
These risks include potential for disruption of service, loss of customer confidence and
resulted in fines and other legal consequences.

●Internal Threats: When it comes to internal, there are significant risks to data security and
integrity such as user failure, insider threats and data leaks These risks can lead to privacy
breaches, loss of confidential information and undermining trust and internal morality.

●Compliance Risk: Failure by a company to comply with laws or regulations can result in
fines, legal action, and reputational damage. The company's ability to perform and maintain
user authentication may be affected by compliance with industry standards, data protection
laws and environmental restrictions.

●Reputational risk: The company's reputation could be damaged by scandals, if they are
reckless, or by misconduct that undermines the confidence of the auditors. Problems such
as recycling, environmental disasters, quality deficiencies, or disputes over effective
management can all have a negative impact on reputation.
Mitigation Strategies:

●Cyber ​security plans: You can mitigate cyber threats by establishing strong cyber security
plans, including firewalls, intrusion detection systems, encryption, and security training on.
Routine intrusion testing, security audits, and incident response procedures can strengthen
an organisation’s defences against cyberattacks.

●Employee education and awareness: One way to reduce insider threats is to educate
employee members on data handling techniques, ethics and best security practices.
Employees can be empowered to recognize and crack down on security incidents,
attempted arrests, or suspicious behaviour through training and ongoing outreach programs.

●Compliance management: One way to reduce compliance risk is to have systems in

place to monitor and ensure compliance with legal and regulatory standards. Regular audits,
audits, and reviews can help identify compliance gaps and establish corrective actions to
address problems.

●Crisis management: By developing a crisis management plan, you can mitigate the
impact of adverse events and reputational risks on your business and stakeholders. Crisis
management and reputation protection within the company can be achieved through the use
of media relations strategies, crisis management teams and communication systems

Impact on Stakeholders:

●Consumers: Consumers trust that their interests are protected when companies act legally
and ethically. Customer trust and loyalty are enhanced by the company’s ethical practices,
which foster customer satisfaction and foster long-term relationships.

●Investors: Companies that demonstrate a commitment to ethical and legal principles tend
to attract investor interest. Following legal and ethical principles reduces financial risk and
increases investor confidence, thereby increasing shareholder value and return on
investment.

●Employees: Employees benefit from working in an environment where legal and ethical
principles are respected. Employees who have clear expectations about ethics and
compliance feel safer, fairer and more satisfied at work, increasing morale and productivity

●Communities: Communities benefit from businesses that conduct themselves legally and
ethically by contributing to social, environmental and economic issues. Fair business
practices have a positive impact on local economies and communities by promoting social
responsibility, sustainability and community participation.

●Government Agencies and Regulators: Government agencies and regulators benefit

from compliance agencies as this facilitates compliance and monitoring. This is because
compliance reduces the need for enforcement actions, legal battles and legal interventions,
and improves governance and regulatory processes
D2 Evaluate the impact of the use of data and
information on an organisation, its stakeholders and
related policies
Impact on the Organization:

●Informed decision making: Organisations can use data and knowledge to make better
decisions. Organisations can analyse context and identify trends, patterns, and insights that
guide resource utilisation, efficiency, and strategic planning.

●Operational efficiencies: Data-driven decision making streamlines business processes,

reduces waste, improves processes and increases operational efficiency To increase
productivity and reduce costs, organisations can identify complexity, eliminate inefficient
tasks, and simply do routines.

●Competitive Advantage: Companies that use information and data effectively have an
advantage over their market competitors. Organisations can analyse market potential,
predict customer needs, and use data analytics to create sophisticated products and
services that meet or exceed customer expectations

●Competitive advantage: Companies that use information and data effectively have an
advantage over their market competitors. Organisations can analyse market potential,
anticipate customer demand, and use data analytics to create sophisticated products and
services that meet or exceed customer expectations

●Risk management: Information and data are essential for effective risk management. By
analysing the right data, including economic trends, business indicators, and market trends,
organisations can identify and assess risks more effectively This makes it possible for
companies to respond to new threats promptly and with diligence reduces risks.

●Customer Experience: Companies can enhance customer delight, tailor experiences for
customers, and build lasting relationships with them through data-driven insights Companies
can analyse customer data and develop products, services and marketing offers with the
unique needs and preferences of each individual customer

Impact on Stakeholders:

●Consumers: Better products, services, and customer experiences result from data- and
information-driven businesses. Customer satisfaction and loyalty are enhanced through
customised products and services, focused advertising efforts and prompt customer support
●Employees: Through the right data and insights that guide their careers employees benefit
from data-driven decision making. Training programs, employee development opportunities,
and data-driven performance analytics all support employee engagement, retention and
happiness.

●Investors: By learning more about an organisation’s performance, future prospects and

value-creating factors, investors benefit from how companies use data and information,
helping investors with risk assessment and informed investment decisions through
data-driven financial analysis, predictive modelling and transparent reporting

●Regulators and government agencies: To ensure compliance with legal requirements,

industry standards and regulations, regulators and government agencies are monitoring how
companies use data and information. To protect the interests of participants, data collection,
use and disclosure are governed by consumer protection laws, antitrust restrictions and data
privacy laws

Impact on Related Policies:

●Strict data privacy and security regulations are necessary to protect sensitive information
from unauthorised access, disclosure, or misuse. This is because data and information are
used in many ways. Organisations need to have security measures in place, follow data
protection laws, and have procedures in place to manage data and respond to incidents.

●Ethical use of data systems: Organisations must adhere to ethical norms and standards
when collecting, analysing and using information. Organisations that follow ethical codes
commit to respecting people’s privacy rights, obtaining consent prior to data collection, and
using data for legitimate reasons without discrimination, prejudice, or not used

●Compliance and governance policies: To ensure that data and information is handled
effectively and in accordance with legal and regulatory standards, the organisation develops
compliance and governance policies Governance policies provide accountability,
transparency and processes establishing controls Compliance laws include data protection,
financial reporting, intellectual property rights, and industry-specific regulations.

●Data management and retention guidelines: Organisations establish data management

and retention guidelines to manage the lifecycle of data from collection to disposal These
policies provide data retention, storage specification, limit a provided in terms of access and
storage minimization to ensure data availability, accuracy and compliance with legal and
regulatory obligations - Document delivery timelines

D3 Justify decisions and approaches taken when developing

policies
●Legal and Regulatory Compliance: Programs must comply with all applicable laws,
regulations and industry guidelines. When regulatory requirements justify choices, they
guarantee enforcement of regulations, mitigation of regulatory risks, and protection of
organisations from penalties or other consequences of noncompliance around

●Ethical Considerations: Integrity, fairness, and respect for human rights are just a few
examples of ethical considerations that policies should protect. Appropriate ethically based
decision making assures that policies uphold accountability, fairness, and trust, both
internally and externally.

●Risk management: To protect the company against potential losses, policies must address
the identified risks and vulnerabilities. The policies that reduce risk and protect
organisational assets must be targeted, aligned, and cost-effective. This is ensured by
standardising selection based on risk assessment and analysis.

●Business impact: The system should capture real-world impact and feasibility in internal
implementation. The system is guaranteed to be appropriate, feasible, and compatible with
current systems, resources and capabilities when it is appropriate to choose based on
business impact

●Best practices and benchmarks: To ensure effectiveness and relevance, the plan should
use industry best practices and benchmarks. Ensure regulations reflect current standards
and incorporate lessons learned from competitors and peers by justifying choices based on
research, considerations and expert recommendations.

●Monitoring and evaluation: Mechanisms for monitoring adherence, evaluating

performance and making any adjustments should be part of the plan. This is to ensure that
policies are continually reviewed, revised and modified to achieve the intended outcomes
and meet emerging challenges as practices are appropriate on evaluation and analysis.

Hardware and Software:

The suggestion to improve hardware and software was made in order to improve
user experience. A different strategy would have been to improve gradually while
monitoring user reaction. Nonetheless, the thorough update complies with market trends,
guaranteeing Dorch Karaoke’s continued competitiveness and meeting
changing customer demands.

Security of Data:

•Because block-chain technology is tamper-resistant and decentralised, it was chosen for

secure user profiles and transactions. Conventional encryption techniques may have served
as an option. Block-chain, on the other hand, is in line with a forward-thinking security
strategy, however user education and cautious deployment is needed.

Dangers from the Inside and Outside:

•The detected risks, such malware and illegal access, have the potential to corrupt data and
harm the company’s reputation. Training reduces internal dangers, including mistakes made
by humans. A strong IT security architecture, with frequent upgrades and audits, is
necessary to fend off external attacks.

Counteracting Dangers:

•An incident response strategy, frequent backups, encryption, and access controls are useful
defences against both internal and external threats. Employee education lowers the
possibility of mistakes made by employees, and security audits guarantee proactive threat
reduction.

Adherence to Law and Ethics:

•Implementing policies, providing personnel with frequent training, and providing updates are
strategies that are in line with legal and ethical requirements. This preserves the company’s
brand by fostering stakeholder trust and ensuring compliance.

Effect on the Business:

•Dorch Karaoke benefits from the software and hardware updates by increasing. Operational
effectiveness, drawing in more users, and maintaining its competitiveness. By strengthening
resistance to possible attacks, secure data procedures protect the company’s brand.

Effect on Parties Affected:

•Secure transactions, individualised services, and an improved karaoke experience

are all advantageous to stakeholders. Responsible data usage and ethical concerns
build trust, which benefits the company’s relationships with its stakeholders.

Policy Execution:

The suggested guidelines offer a well-organised foundation for ethical IT use. In

order to ensure legal and ethical compliance and reduce possible risks, proactive
measures like access restrictions, encryption, incident response plans, and staff
training is essential.

Limitations on Access:

Access controls are a wise option since they prevent unwanted access, reduce the
chance of data breaches, and guarantee that workers only view information that is
pertinent to their jobs.
Security:

Encryption makes sense when it comes to following industry best practices,

complying with regulatory obligations, and safeguarding sensitive data during transmission
and storage.

Response Plan for Incidents:

The rationale behind the incident response plan is that it guarantees an efficient and
timely handling of security occurrences, hence reducing the consequences for the
organisation and its stakeholders.

Conclusion
The selected guidelines and suggestions for Dorch Karaoke are based on a security
and innovation-balanced approach. The all-encompassing update, use of block chain
technology, and strong IT security protocols are in line with market developments
and forward-thinking tactics. Sustained performance requires constant adaptability to
new dangers. The company’s long-term profitability and strong relationships with
stakeholders are ensured by the rules that set up a framework for responsible IT use
and ensure legal, moral, and ethical compliance. The long-term success of these
tactics will depend on constant observation and adjustment in response to new