The company top pinnacle of authority is the chief executive officer, who is also the chairperson of the Board of Directors, and owns a 25% share. Second in authority is the chief finance office, who is a member of the board of directors, and also owns a 25% share. There are five other members of the board of directors who include the chief operating officer, the director of architecture and construction services, the director of information technology services, the director of human resource and the director of marketing and media. There is an IT committee that has five governors, who are responsible for the company’s information technology resources, and its operations and management. The individuals are abbreviated as: M&M, A&C, ITS, CR, and the HR (Red Clay Renovation Case Study, n.d.).
The director of ITS/CSO has a great challenge, having been in charge of cyber security for two years and has not established the best cyber security measures. Investors demand to see the Annual Report to Investors every year and details of any risk that can impact the company’s financial economy changes is disclosed in the report. In this specific year, the cyber security concerns were scripted in the report (Red Clay Renovation Case Study, n.d.). Concerns include the fear of cyber attacks that …show more content…
The company has frozen their Cobit and ITIL standard compliance plans due to the costs involved. The BoD should implement the funding; since the compliance will assist them avoid the mentioned risks. It is part of the ISO/IEC 27001- Information security management family of