Question
Read this post: There are risks involved with almost everything in business, in anything really.Offshoring for businesses is not something new.Manufacturing has been offshoring for
Read this post: There are risks involved with almost everything in business, in anything really.Offshoring for businesses is not something new.Manufacturing has been offshoring for years.Offshoring information systems can be a very intelligent thing for companies to do because it can be a cost saver to have an outside source handle this.It does come with risks.
It involves transferring the in-house operations to another company.They could have access to employee and vendor information and consumer details.It has been discovered that offshoring is cheaper because the wages paid in other countries are low.This can cause a high turnover of employees, low employee morale, resistance to change, poorly drafted contracts, and restrictions imposed by the other country (Chatfield & Wanninayaka, 2008).
These things can lead to mistrust and dishonesty.Employees could potentially steal information, help someone else get in to take information, or possibly lower security and allow hackers to come in and take information.Companies should protect their client information.They should know what data is kept, where it is kept, and why they have it.If it is not needed, then properly dispose of it (Federal Trade Commission, 2016).
Where I currently work, we still use paper files for everyone's personal information.They are in locked filing cabinets, behind a locked door, and only two people have access to the files.We are in the process of trying to become paperless, but with the amount of information we have, it will take quite some time.
Question: Recommend controls that will mitigate the risks suggested by your peers. Ensure the recommended controls are in compliance with industry standards. USE REFERENCES
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