Ifsm201 Professional Memo Krystal

This study source was downloaded by 100000865965430 from CourseHero.com on 05-05-2023 14:44:42 GMT -05:00https://www.coursehero.com/file/198111008/IFSM201-Professional-Memo-Krystal-Ogandodocx/ M E M O R A N D U MTO : CHIEF EXECUTIVE, ANNE ARUNDEL COUNTYFROM : KRYSTAL OGANDORE: IFSM 201 PROFESSIONAL MEMODATE: APRIL 4, 2023Risk Assessment SummaryI am writing to provide a summary of the Risk Assessment conducted for Odenton Township's payment and data protection processes. The assessment focused on identifying ethical, security, and privacy considerations in conducting data and information analysis and selecting and using information technology.BackgroundGreater Washington Risk Associates (GWRA) conducted a risk assessment of Odenton, Maryland, with a focus on business operations within the municipality, particularly the payment processes for sanitation (sewer and refuse), water, and property taxes. Currently, the township accepts cash or credit card payment, either in-person or over the phone with a major credit card. Once payment is received, the Accounting Department is responsible for manually entering it into the township database system and making daily deposits to the bank .Concerns, Standards, Best PracticesThe assessment identified several areas of concern, including the lack of employee awareness training on data security and secure practices for handling sensitive data, the absence of physical security beyond locks on the outer doors, and