Organizational Data

Question 1

Traditional Data

Answer 1

Traditional data in organizations includes transactional data (buying, selling, production), intellectual property (patents, trademarks, new product plans), and financial data (income statements, balance sheets).

Question 2

Transactional Data

Answer 2

Explanation: Details related to buying, selling, production activities, and basic organizational operations fall under transactional data.

Question 3

Intellectual Property

Answer 3

Explanation: Patents, trademarks, and new product plans constitute intellectual property, providing an economic advantage and often considered trade secrets crucial for a company’s future.

Question 4

Financial Data

Answer 4

Explanation: Income statements, balance sheets, and cash flow statements are forms of financial data that offer insights into the overall health of a company.

Question 5

Internet of Things (IoT)

Answer 5

Explanation: IoT involves a network of connected physical objects, collecting and sharing data. This has led to the emergence of ‘Big Data’ due to the exponential growth in data.

Question 6

Big Data and IoT Connection

Answer 6

Explanation: The expansion of storage options through the cloud and virtualization has resulted in an exponential growth in data, creating a new area of interest in technology and business known as ‘Big Data.’

Question 7

Confidentiality in The Cube

Answer 7

Explanation: Confidentiality comprises rules preventing the disclosure of sensitive information to unauthorized entities. Methods include data encryption, identity proofing, and two-factor authentication to ensure confidentiality.

Question 8

Integrity in The Cube

Answer 8

Explanation: Integrity safeguards system information from intentional or accidental modifications. Using hash functions or checksums is one method to ensure and verify integrity.

Question 9

Availability in The Cube

Answer 9

Explanation: Availability ensures authorized users can access systems and data as needed. Achieved through equipment maintenance, hardware repairs, keeping software up to date, and creating backups.

Question 10

Information Protection in The Cube - Processing

Answer 10

Explanation: Processing involves using data for operations, like updating a database record. It is a state in information protection within The Cube.

Question 11

Information Protection in The Cube - Storage

Answer 11

Explanation: Storage refers to data at rest, stored in memory or on permanent devices like hard drives, solid-state drives, or USB drives. This is a state in information protection within The Cube.

Question 12

Information Protection in The Cube - Transmission

Answer 12

Explanation: Transmission involves data in transit, traveling between information systems. It is a state in information protection within The Cube.

Question 13

Data Protection in The Cube - Awareness, Training, and Education

Answer 13

Explanation: In The Cube, security measures include awareness, training, and education to ensure users are well-informed about security threats and actions to protect information systems. This proactive approach enhances the organization’s overall security posture.

Question 14

Technology in Information System Protection

Answer 14

Explanation: Technology encompasses software and hardware solutions, like firewalls, designed to safeguard information systems. Firewalls, for example, continuously monitor networks for potential malicious incidents.

Question 15

Policy and Procedure in Information Assurance

Answer 15

Explanation: Policy and procedure involve administrative controls shaping how an organization implements information assurance. This includes incident response plans and best practice guidelines as foundational elements.

Question 16

Consequences of Security Breach - Reputational Damage

Answer 16

Explanation: A security breach can lead to significant reputational damage for an organization. This includes customer dissatisfaction, potential legal actions, and employee turnover due to a tarnished reputation. Repairing the damage can be a prolonged process, impacting the organization’s standing in the long term.

Question 17

Consequences of Security Breach - Vandalism

Answer 17

Explanation: Hacking incidents can lead to online vandalism where false information is posted on an organization’s website. Even minor edits can be challenging to detect. Such actions can project unprofessionalism, harming the organization’s reputation and credibility.

Question 18

Consequences of Security Breach - Theft

Answer 18

Explanation: Data breaches often involve the theft of sensitive personal data. Cybercriminals may make the information public or use it to steal money and/or identity, causing significant harm to individuals and potentially resulting in financial loss and identity theft.

Question 19

Consequences of Security Breach - Loss of Revenue

Answer 19

Explanation: A security breach can have a severe financial impact, such as website takedowns hindering online business and loss of customer information impeding growth. Organizations may need additional investments in security infrastructure, and failure to protect online data can result in substantial fines or penalties, contributing to significant financial losses.

Question 20

Consequences of Security Breach - Damaged Intellectual Property

Answer 20

Explanation: A security breach can severely impact an organization’s competitiveness if hackers gain access to confidential documents, trade secrets, and intellectual property. The potential loss or compromise of such valuable assets can have long-lasting consequences for the organization’s standing in the market.