This assignment assesses your understanding in relation to the following three course objectives:
1. analyse information security vulnerabilities and threats and determine appropriate controls that can be applied to mitigate the potential risks
2. explain why continual improvement is necessary to maintain reasonably secure information systems and IT infrastructure and to describe the role of disaster recovery and business continuity plans in recovering information and operational systems when systems and hardware fail
4. demonstrate an ability to communicate effectively both written and orally about the management of information security in organisations.
This assignment assesses the following graduate skills: Problem Solving, Academic & Professional Literacy and Oral and Written Communication at level 2.
This assignment relates to the topics covered in modules 1 to 10. This assignment can be completed by groups of two students or as an individual assignment. Details regarding the allocation of students to teams will be provided on the course study desk. Each student team will be allocated their own discussion forum for assignment 3 to specifically work collaboratively as a team in developing and discussing their approach to assignment 3 case study and the required Security report and presentation. Regular participation in each team’s discussion forum by the team members each week from Monday 8th September until Friday 17th October is expected. Each team member will also be required to keep a journal of their activities and progress related to completing this assignment and will form part of the assessment for assignment 3. In date order clearly list the following:
- date of research activity/discussion
- topics researched or discussed
- time duration of activity.
Submit this journal for each team member as an appendix to the assignment 3 Recommendations report. Any reference to web pages and on line resources such as white papers, blogs, wikis etc. should be listed at the end of the journal.
Regular participation on the discussion forums dedicated for this assessment is highly recommended and can assist greatly with this assessment item. Also note that you are expected to do research outside of the course materials provided.
Case Study: BIGCOINX (A fictitious analysis of the importance of Security in the Digital Currency World)
BigCoinX (BCX) is an Internet bitcoin exchange start-up founded in early 2013 riding on the boom of interest in the bitcoin currency of the last few years.
Established by former work colleagues in the investment banking industry, Mark Buck (current CEO) and Peter Gates (CTO), the company by late 2013 was relatively successful and doing an estimated 1% of all global bitcoin trades.
While in the scheme of things, the user base numbers seems good, both Mark and Peter know, that to achieve a critical mass of users that will establish BCX as a “player” in the bitcoin world, they will need to reach numbers upwards of 10% of global bitcoin trades.
With bitcoin being a hot topic and Internet start-ups springing up all the time to try to make money from the bitcoin rush, BCX knows it has to stay ahead of the game.
The company is continually innovating and responding to user requirements, industry trends and competitive challenges. Mark and Peter’s 5 person business, based in Sydney’s upcoming Technology Hub, Redfern, is a busy and dynamic environment.
BCX is aiming to become profitable and self-sufficient by the end of 2014 at the latest. It is at this time that their capital funds will be exhausted, but they estimate, once they hit the 3% global mark, and have deployed into production their new bitcoin trading software, (both aggressively targeted for October, 2014), they will have positive financial results.