Outsourcing
Provide the definition of outsourcing
instead of hiring employees to perform a task, the company (outsourcer) enters an outsourcing arrangement with another firm (outsourcee) to provide these services under contract for a certain price and period
What are the three steps to make a policy?
Observe, Convert, Enforce
What are the benefits of going green?
Environmental responsibility and cost savings
Name 3 US approved regulations
HIPPA
FDA
SOX
9/10 times a security threat is caused by?
Employee Mistakes
What are the main countries organizations go-to for offshoring?
India , Russia, Ireland
What is PAPA short for?
Privacy, Accuracy, Property, Accessibility
Provide one example of a resource that ERP systems can cut to reduce waste.
Paper
What year was the ERP regulations approved?
SOX 2002
Name 4 main security concerns when it comes to ERP systems on the web
cyber security risks
data privacy concerns
vendor security
access management
Name 3 Drawbacks of Outsourcing (specifically offshoring)
Culture clash
Misalignment of values
Hidden costs
True or False:
giving consumers a choice on whether marketers could contact them is one of the 7 global privacy principles.
True
How does virtualization reduce energy consumption?
Virtualization permits an organization to only use what it needs.
Why did we need these regulations?
to was passed in response to a string of accounting scandals in the early 2000s improve financial disclosures and to prevent accounting fraud.
Name solutions to mitigate security risks
User ID and passwords
physical security
intrusion detection
encryption
awareness
What was outsourcing's market size in 2023?
$460 Billion
Who does the Social Contract ethical theory prioritize?
society's rights and well-being over stakeholders' or company owners' interests
True or False:
Virtualization costs 10 times as much servers as traditional hosting does.
False, its the opposite.
what does Section 404 illustrate?
Illustrates rules set up on internal affairs clear responsibility in IT systems and financial reporting
What is the difference between BCP and DRP?
BCP: limit operational downtime amid a disaster
DRP: The goal is to set a strategy for full functionality to return after a disaster
In other words, BCP is concerned with keeping the shop open even in unusual or unfavorable circumstances, while DRP focuses on returning it to normal ASAP
Can you name 5 Benefits?
Finances
Scalability
Market Agility
Solution centric
Process oriented
How do ethics relate to ERP?
ERP at its core is data driven and this data should be regulated based on an ethical system
What is The Energy Star Program?
It’s a program by the USA government that cuts taxes on organization given that they go green and reduce their CO2 emissions
Why should my organization comply to these regulations?
brand reputation
security and privacy
risk mitigation
customer and stakeholder trust
business ethics and integrity
Failure to comply with these regulations can lead to legal consequences, fines, and damage to the organization's reputation.
1.Ransom Negotiation Strategy
2.Patient Care Coordination
3. Resource Allocation for Negotiation
1.Data Restoration with Urgency
2. Cooperation with authorities
3. Collaboration with Cyber Sec experts