Assignment tasks/description One important component of the assignments for INF80043 is the Executive Briefing Paper. An Executive Briefing Paper is a highly customised work (in this case, written...

Executive Briefing
(
Student Name
) (
Managing Cyber Risk Appetite for C-Suite of
Organix
Pty Ltd
) (
Executive Briefing
Cyber Risk Appetite
)
Executive Summary
The board of directors of organics private limited have a corporate responsibility for understanding and managing the cyber risk appetite in the organization. This executive board briefing is designed for them. This report includes the briefing about the nature of threat actor’s cybercrime and their targets and motivations. They needs provider just on the development of cyber security strategy and incorporate it into their regular functionality for the cyber resilience in the organisation stop the organization for the supplier of organic food and is a leading brand in the supplement industry. It has large establishment South Bank, Australia. The customers contact the store from Asia Australia and USA using its enterprise system.
They have stored their data and the data backup operations to a reliable company. As the data is with some 3rd party organization chess more Explorer cyber threats which can affect the operations of business and also result in major losses for the organization. This briefing covers all the aspects of the cyber appetite which can target organisation. It clarifies the extract which came help them to tolerate the rest. The cyber risk appetite management is the important part which must be considered in the corporate system save it from any losses.
Keywords: Cyber Risk Appetite Management (CRAM), risk capacity, risk tolerance, security, resilience, risk appetite
Contents
Executive Summary    1
1.    Background Information    3
2.    Risk Appetite Statement    3
3.    Key Concerns at Organix Pty Ltd    4
4.    Cyber Risk Appetite- Important business Aspect    5
5.    Need for Cyber Risk Appetite Management    5
6.    Cyber-attack Losses | Risk Tolerance | Risk Capacity    6
7.    Recommendations    7
a.    Data Backup Strategy Management Compliance with Regulatory Requirements    7
b.    Compliance with Regulatory Requirements    7
c.    IT/IS Staff Requirement    7
d.    Lean and Efficient governance    8
e.    Cyber resilience in risk management framework    8
8.    Conclusion    8
9.    References    9
1. Background Information
The organics private limited was stab list in 2005 and it has seen consistent growth during the last 5 years. Organization is continuously expanding physically and virtually around the world. It has established itself as the top organic labelled market in food, herbal and health supplement industry. This organization has witnessed substantial increment it has seen the profits and benefits along with the risk which are related with them. The organization has some valuable assets which are product formula which are shared with the CMO, customer data and the details regarding strong network stab lish with the retailers, manufacturers and the suppliers. These assets are exposed to the cyber-attacks in different ways in which the attackers can target the network-based services present in the organization system. This can lead to the data loss, damage to the image of brand and also financial loss of the organization
With the help of this briefing the board of the organization wants to find out the cyber risk appetite which is it has and also developed the cyber risk appetite management system which can help them to handle the cyber risk president within the system and IT support functions. The cyber risk appetite will have integration with the cyber risk, enterprise risk and operational risk by having conversations on the technical and non-technical conference. The cyber risk can be calculated using the assessments which includes the risk elements and quantitative metrics and also the fault tolerance of the overall system
2. Risk Appetite Statement
The cyber risk appetite of the organization can be used as the amount of tolerance which it has to survive there ways including the investment made in the risk management. The most important part for the directors of the company is to have a strategy conversation regarding the cyber risk appetite management who manage the cyber risk in the organization. It is important in fix the Cyber appetite rights within the time using the resource manage investment which can help them to manage the business operations effectively and efficiently. The major question which the organization wants to be answered with the help of this briefing is to find out the pitfalls which can be faced during the management cyber threats. The organization must be able to accept the different levels of using the system and list of the rest for the organisation to achieve its objective.
3. Key Concerns at Organix Pty Ltd
As the organization has expended its functions and operations all over the world which increases the complexity of operations and also expense the risk associated with. Here are few strengths and assets of the organization:
· The database is present in the Dandenong Ranges
· It has a data centre at Southbank.
· It has 2 warehouses in AU, 2 overseas and 2 manufacturing organization In Asia.
· Personal information About online customer
· Trustworthy suppliers, retailers, manufacturers and partners.
· He provides good quality of products with best service.
· It has exponential increment over the cyber media environment.
· Competitive edge against the competitors using special formula for the products.
Here are key...