REGULATION, COMPLIANCE AND GOVERNANCE Essay Example | Topics and Well Written Essays - 2000 words - 1

REGULATION, COMPLIANCE AND GOVERNANCE - Essay Example The essay highlights on similarities and dissimilarities between the failures of Enron and Northern bank. Regulations that are introduced for addressing such corporate failures are also discussed. Enron Corporation was an esteemed energy provider company, which had its headquarters in Houston, Texas. Prior to the period of December 2001, Enron had enjoyed a prosperous position in the United States (US) and achieved the seventh position for being the most innovative firm operating worldwide. The main problem for Enron had surfaced from wrong and questionable practices followed therein. The company desired to expand its territory and operations through diversification of the products as well as introduction of online trading. Nevertheless, following its success, Enron breached the usual practices that are prevalent in the industry. Instead of acting as a broker between the sellers and buyers, the company traded in products and gas. This fact indicated that purchasers bought the products and gas from Enron directly, whereas the latter bought the same directly from suppliers (The Economist Newspaper Limited, 2014). Hence, it can be stated that continuity of business operations wa s solely dependent on proper credit rating. Eventually, when the credit rating of Enron dropped drastically, the sellers and buyers stopped the trade. The board of Enron had devised a very risky strategy, which could not be undertaken by the security of the company, given that there was a drastic slump in credit rating and consequently, in the trade (The Economist Newspaper Limited, 2014). Enron had devised another strategy by appointing Special Purpose Entities (SPEs), which were basically a third party who collected investment funds from companies and people. Even though these entities were not directly related to Enron, yet the latter was the guarantor of payment for the borrowed funds. This process was executed by offering shares to the investors. It was observed

CME Hosting Company Case Study Example | Topics and Well Written Essays - 1500 words

CME Hosting Company - Case Study Example Additionally, the data and information stored in databases is extremely confidential and should not be offered for public view. On the other hand, a lot of businesses are completely dependent upon information stored in computers systems. For instance, they use databases to store staff details, personal data, salaries, clients’ information, marketing, sales information, bank account details and so on. Moreover, in absence of such database system, it would be very hard for a company to work properly. Thus, there is a dire need for implementing an effective information security procedure to secure this data and information (Crystal, 2012; Nash, 2000). Furthermore, effective data and information security systems integrate a variety of strategies for better security products, skills and events. In addition, software applications such as firewalls and virus scanners are not sufficient on their own to secure this precious data and information. ... This report is aimed at analyzing present status of information security at the corporate. This report will offer an insight into the security arrangements presently available at ACME Co. as well as some new technologies needed to be deployed for the effective management of information security at in different corporate areas. Part I Threat Assessment In this section I will conduct a detailed analysis of some of the important threats at ACME Co. regarding provision of new web services for Citizens Wellness (CW) application by large health care company named Well-Health Inc. The basic aim of this analysis is to discover those major threats which currently exist in web services of ACME Co. as well as how these threats can damage or create issues for the information and data privacy for Citizens Wellness (CW) application. In this scenario, one of the primary risks is regarding staff related security risk. For instance, any bad staff person can hack or damage the business database or sys tems working. In addition, there is no proper way for staff recruitment. As well, there is no process for assessing background of staff members. The next main issue that I have assessed is regarding dissimilarity of operating systems’ versions and patches. In case of such misbalance among these versions and patches, there is no single and identical way to deal with security management of the business. Moreover, one of the biggest threats that can create an alarming situation for the business is the absence of anti-virus software on ACME servers. I have assessed that work stations of organization’s employees/contractors still do not have any protection procedure against malwares. There is another issue regarding network services of ACME which is the absence of internal