You work for ABC Company that has a large web-based storefront. Recently, vulner

Question

You work for ABC Company that has a large web-based storefront. Recently, vulnerability was discovered in the application's front-end software. If this vulnerability is exploited, the company's database could be breached. Any breach would be mean the loss of competitive customer account information . Although no credit card information is on file, any pilfered information would result in the demise of your corporation. This website provides $ 500,000.00 profit monthly. A new commercial application for your line of business is available for $2 million. Your current application's vendor is writing a patch to make available a workaroundproduct that costs $20,000.00. Your insurance company will not cover any damagesthat occur under your current configuration. For no added fee of $1,000.00 a day, it will cover the patched configuration. For no added cost, it will cover all losses if you acquired the new commercial application. Meanwhile , your company has already spent $1.5 million writting your own replacement application. This application is undergoing a parallel test and is scheduled to be released in two more months. Which course of action should you recommend to the company? Why?

Explanation / Answer

ABC company should recommend the followings:

Our company will cover all the losses in the commerial applications so, we want decrease the losses and increase the profit of the Insurance company. Due to the we will acquire such losses in the organisation, then we will not get new vendors.

Those vendors will check the our company business is going fine or not if the business is not fine then the new vendors will not come.

And our current vendor is charging $20,000.00 in the sense, we will decrease the cost of workproduct. as we would do so we will get the better profits.

Our company had been already spent the $1.5 million writing own application replacement,so we can decrease these amount thats why we will get profits in our company.

The company's database could be breached,Any breach would be mean the loss of competitive customer account information .so that customer account information may be breazed, in this case we will get the losses.

so, we will not did such a things, so that this way we will get profits.

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