No organization can guarantee 100% of cybersecurity to its customers or client but there are basic cyber security measures that need to be in place to provide the minimum acceptable required standard of enterprise cybersecurity (Donaldson,2015). Home Depot as a private company need to complete certain minimum-security measures mandated by the US government (Stewart, Chapple & Gibson, 2015). That will help protect customers ‘personal information that is in the data base to avoid security breach that will compromise personally identifiable information (PII) (Stewart, et al, 2015).
Weakness Analysis
Home depot has been implementing certain security measures to protect the company, information of staff, customers and client but there are many
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The staff and clientele of Home depot do not know simple preventive measures of cyber-attacks that could cause security breach(Donaldson,2015). There is no strong awareness of cyber-attacks that can be provoked by using a USB, CD, iPhone or any removable device plugged into the company’s computers(Manning,2009). Majority of Home depot staff do not no know the difference cyber-attacks the company might be vulnerable to. Because there is no frequent training on enterprise cyber-attacks and simple preventive measures most of Home Depot staff from management to the laborers in different stores in the US, Mexico and Canada expose the company to attacks such as social engineering, Malwares, DoS and other common cyber-attacks hackers could use to penetrate the company to steal sensitive information and cause serious security breach that will cost the company a lot of quantitative and qualitative damages(Stewart, et al., …show more content…
Web application attacks, such as buffer overflows, SQL injection, cross-site scripting and distributed denial-of-service (DDoS) attacks (Manning,2009). The internal risk that might come within the company through the staff directly or indirectly and the external risk of sophisticated hackers that are constantly finding new ways to hack in to enterprise sensitive information security (Stewart, et al., 2015). Both the internal and the external risks should be mitigated. Home depot is constantly faced with serious threat of identity theft and information breach that might cost the company its trade secrets and other important assets security (Stewart, et al.,
Home Depot is the brainchild of Bernard Marcus and Arthur Blank and came about after both men lost their job in the home improvement industry in 1978 (Parnell, 2014). Home Depot has acquired several smaller home improvement stores in both the U.S. and abroad through the years which enabled it to position itself as the world’s largest home improvement chain (Parnell, 2014). Home Depot focuses on the do-it-yourself segment of the market and sells sells tools, construction products and services. Marketing is a strong point for the company. They are able to maintain a competitive advantage by keeping themselves available to their customers at all times. Home Depot has been using both online and offline marketing efforts. The internet has become a very useful tool for the company and part of the reason that they are leading the market in DIY stores. Home Depot currently provides DIY videos on YouTube and Vine that cover current topics that consumers are likely to be interested in. They also have social media pages on Facebook and Twitter, where they have a huge following. They provide online communities where actual employees answer consumer’s questions and provide assistance on
The company I have chosen to research for my final paper is Home Depot. Home Depot’s principal assets, debt and stock information as of January 30, 2001 are as follows: (amounts in millions, except stock)
Home Depot is currently the largest home improvement retailer in the world. Co-Founded by Bernie Marcus and Arthur blank in 1978 and later went public in 1981. (Exibit* - Stock Performance). Home Depot currently sells products in more than 2,200 stores in North America reaching out to customers both through brick and motor stores as well as its online stores.
Home Depot operates in the home improvement retail industry that comprises of retailer that sell appliances, lumber, building material, kitten fittings and other home improvement products aimed at improving existing structures. Companies functioning in the home improvement industry buy products from retailer and manufacturer based all over the world, and then put those products for sale on the market to three types of buyers, generally characterized as: do-it-for-me, do-it-yourself, and professional customers. The home improvement retail industry is well established industry and is highly attractive and there is high level of price competition among the key players of the industry as the products lines are all the same.
“To make your company competitive and attractive to job candidates you have to offer an exceptional total benefits package” (Obringer, 2003, para.1). This is especially true in the current economic environment. The employee’s needs are changing so businesses are having to rethink their compensation and benefits packages. The home improvement industry is no exception to this phenomenon. Companies like Ace Hardware, Lowes Home Improvement, and The Home Depot have had to adapt their benefits packages to stay competitive in an industry with an ever-changing employee demographic. The following pages will include a comparison of all the benefits offered by Ace Hardware, Lowes Home Improvement, and The Home Depot, as well as, a glimpse into whether or not their strategies seem to have been successful. The majority of the benefits are available to all employees, but some of them are only available to corporate team members. To make sure that all of the available benefits are covered and for comparisons sake, the focus of this report will be on the corporate level of benefits. Also due to the wide salary ranges between low level employees and corporate employees, this report will not focus on salaries.
About 15 million United States residents have their identities and information used fraudulently each year. Along the use of their identities, they also had a combined financial loss totaling up to almost $50 billion. Major companies such as Apple, Verizon, Target, Sony, and many more have been victims of consumer information hacking. In each of the cases, millions of consumers’ personal information has been breached. In the article “Home Depot 's 56 Million Card Breach Bigger Than Target 's” on September 18, 2014, 56 million cards were breached due to cyber attackers. Before the Home Depot attack, Target had 40 million cards breached. Company’s information is constantly being breached and the consumers’ are the ones who end up having to pay the price. If a company cannot protect the information it takes, then it should not collect the information.
Case Study of The Home Depot Preface This Essentials of Strategic Management assignment has been made by three persons which have been working together and individually to finish the assignment properly and in time. Secondly, we would like to thank the company whose websites we were able to visit and use, to get additional information that we could use for leading the assignment of Home Depot to a successful ending. We can say, that it was a pleasure to work on this assignment and would, in the third place, like to thank each other. The persons who worked on this assignment, for the effort and time that is put in the assignment, that brought us to this finished version.
Security helps the organization meet its business objectives or mission by protecting its physical and financial resources, reputation, legal position, employees, and other tangible and intangible assets through the selection and application of appropriate safeguards. Businesses should establish roles and responsibilities of all personnel and staff members. However, a Chief Information Officer should be appointed to direct an organization’s day to day management of information assets. Supporting roles are performed by the service providers and include systems operations, whose personnel design and operate the computer systems. Each team member must be held accountable in ensuring all of the rules and policies are being followed, as well as, understanding their roles, responsibilities and functions. Organizations information processing systems are vulnerable to many threats that can inflict various types of damage that can result in significant losses (Harris, 2014). Losses can come from actions from trusted employees that defraud the system, outside hackers, or from careless data entry. The major threat to information protection is error and omissions that data entry personnel, users, system operators and programmers make. To better protect business information resources, organizations should conduct a risk analysis to see what
On the off chance that Home Depot had a defencelessness management program, performing monthly vulnerability scans of the POS environment; they could have utilized the consequences of those outputs to show leadership the significance of the gaps in that environment and possibly started to mitigate the risk of that environment before the breach occurred.
As electronic commerce, online business-to-business operations, and global connectivity have become vital components of a successful business strategy, enterprises have adopted security processes and practices to protect information assets. But if you look at today's computing environments, system security is a horrible game of numbers: there are currently over 9,223 publicly released vulnerabilities covering known security holes in a massive range of applications from popular Operating Systems through to obscure and relatively unknown web applications. [01] Over 300 new vulnerabilities are being discovered and released each month. Most companies work diligently to maintain an efficient, effective security policy, implementing the latest products and services to prevent fraud, vandalism, sabotage, and denial of service attacks. But the fact is you have to patch every hole of your system, but an attacker need find only one to get into your environment. Whilst many organisations subscribe to major vendor's security alerts, these are just the tip of the security iceberg and even these are often ignored. For example, the patch for the Code Red worm was available some weeks before the worm was released. [02]
Lack of In-store Kiosks physical security of assets – The intruders who started the security breach has started with in-store kiosks. They opened back of those terminals and used USB drives to load softwares. They turned these computer kiosks into remote terminals that connected into TJX’s networks. This brings into the issue of not monitoring and securing physical in-store kiosks. iv.
The ability to conduct warfare through technological methods has increased information security awareness and the need to protect an entity's infrastructure. Subsequently, cyber warfare produces increased risk to security practitioners that employ technology and other methods to mitigate risks to information and the various systems that hold or transmit data. A significant risk to information lies in the conduct of electronic commerce, hereinafter called e-commerce. E-commerce is the purchasing or selling of goods and/or services through the internet or other electronic means (Liu, Chen, Huang, & Yang, 2013). In this article, the researchers will discuss cyber warfare risks, present an evaluation of established security measures, identify potential victims of identity theft, and present an examination of the security of e-commerce companies....
The increased use of mobile devices in today’s society has contributed to numerous benefits in terms of communication and improved working environments. However, this trend has been accompanied by huge concerns because of the impact of the use of mobile devices on cyber security. Despite the significant benefits associated with the increased use of mobile devices, they generate new cyber security issues including heightened financial risks, loss of company data, and non-compliance issues. The three major ways with which these devices increase cyber security issues include sophistication of cyber attacks, connectivity to corporate networks, and lack of awareness and carelessness.
The nation has become dependent on technology, furthermore, cyberspace. It’s encompassed in everything we deliver in our daily lives, our phones, internet, communication, purchases, entertainment, flying airplane, launching missiles, operating nuclear plants, and implicitly, our protection. The more ever-growing technology empower Americans, the more they become prey to cyber threats. The United States Executive Office of the President stated, “The President identified cybersecurity as one of the top priorities of his administration in doing so, directed a 60-day review to assess polices.” (United States Executive Office of the President, 2009, p.2). Furthermore, critical infrastructure, our network, and internet alike are identified as national assets upon which the administration will orchestrate integrated cybersecurity policies without infringing upon and protecting privacy. While protecting our infrastructure, personal privacy, and civil liberties, we have to keep in mind the private sector owns and operates the majority of our critical and digital infrastructure.
The threats to security from the United States Department of Defense, the national power grid and the Chamber of Commerce are very real and omnipresent. The Defense Department made an admission of the first major cyber attack upon its systems in August 2010. It was revealed that the attack actually took place in 2008 and was accomplished by placing a malicious code into the flash drive of a U.S. military laptop. “The code spread undetected on both classified and unclassified systems, establishing what amounted to a digital breachhead.” (2) This quote, attributed to then Deputy Defense Secretary William J. Lynn III, is just part of the shocking revelations that were disclosed in his speech made on July 14, 2011.