Essay Available:
Pages:
2 pages/≈550 words
Sources:
2
Style:
APA
Subject:
Technology
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 10.8
Topic:
Challenges and Solutions to Appling Economics in ___________(the information security issue of your choice)"
Essay Instructions:
The purpose of the Session Long Project in TUI University classes is to give you the opportunity to explore the applicability of the Module to your own life, work, and place in space and time, and to experiment with the Module to see how the otherwise academically rigorous presentation of a topic may, with more or less work and/or trauma, become "up close and personal". This is done in a number of different ways -- sometimes cumulative papers, sometimes practical hands-on experimentation with a tool of some sort, sometimes reflections on a place of work or life. The common thread is personal application, aimed at demonstrating a cumulative knowledge and understanding of the course's material.
Assignment:
For this module, your task is to apply what you have learned about the importance of economics in information security management to an information security issue of your choice. Such an issue can remain the same or be different from your chosen issue(s) in other module(s).
If you have Your own experiences can come from your organizational work or from your personal life. If you don't have any experiences on this topic (which I hardly think so) or you think your experiences are not interesting enough, then find a public issue, interview people, or do some search on the Internet.
Please write a 2-3 page write-up titled:
"Challenges and Solutions to Appling Economics in ___________(the information security issue of your choice)"
Expectations:
Your paper should:
1) introduce the information security issue
2) discuss in-depth regarding the economics perspective in the issue
3) suggest solutions to address the economics perspective in this issue
Essay Sample Content Preview:
Challenges and solutions to applying economics in Credit Card fraud.
Student`s name
Student`s number
Institutions name
Introduction.
There has been an unprecedented increase in credit card fraud. Many people have suffered huge losses occasioned by fraudsters accessing their accounts using secret information like PIN numbers of the victims which are fraudulently got. This issue has placed banks and other financial institutions on collision paths with their clients. Multiple law suits have been filed in various jurisdictions as claimants seek to recover their lost money. However, the rates have taken a downward spiral after banks began being liable for card fraud affecting their clients.
Economics perspective in the issue.
Card security is a private good (Tilman, 2009) which can be excluded from non users through the development of effective technology. This will place the issue in the hands of beneficiaries like customers and the banks. It enables these beneficiaries to put in place measures that will reduce the vice from occurring through investment in chip technology. The customers can be made to pay more for the implementation of such a project. The customers will benefit from reduced risk that will result from card transactions. This will lead to maximization of benefits of convenience that come with the use of universally accepted cards.
The implementation of advanced security features on the cards will lead to increased rivalry among service providers in the industry to offer the services. Many security companies will want to do business with the banks. This competition will lead to improvement of the features since security companies will want to be seen to offer the be...
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