Impact of Ransomware on Revenue Cycle- myassignmenthelp.com

Question: Discuss about theImpact of Ransomware on Revenue Cycle. Answer: Introduction The recent attacks of the ransomware attacks on the organization revenue system of the world is the main topic of discussion of this report. The company chosen is the Motherboards and More Pty Ltd. the report has a main focus on the analysis off threats and respective solutions of the problems. The report also provides a discussion of the ransomware attacks, its effects and preventive measures (Andronio, Zanero Maggi, 2015). Discussion Motherboards and More Pty Ltd is considered as a medium size organization which is exclusive which is an Australia based firm. The company mainly focuses on the production of computer microchips, motherboards and graphics card. In addition to the manufacturing above products the company is considered to be key computer producers and it repairs all the system that are based in Australia. Motherboards and More Pty is running business for more than 8 years and it has an incorporated framework of ERP (Song, Kim Lee, 2016). Overview of revenue cycle The firm receives the notice of different order for their customer by using telephones or Email which can be placed on the website of this company. The received order can be easily sent to dock which is mainly used for receiving both the incoming and outgoing orders of shipment. However, the increased sales created a negative impact like delay shipment or wrong shipment of products to their customers and it also fail to keep a track on the records of return products (Song, Kim Lee, 2016). Figure 1: Level 0 Data Flow Diagram (Source: Created by Author) Identification of weakness This portion mainly discussion about the methods of controlling the weakness and their effect on the revenue cycle of the given organization. In addition to the above-mentioned problems it also states the possible solution of the weakness (Song, Kim Lee, 2016). Impact of these weaknesses The first weakness of this organization it that it allows the purchase of various goods on credit which directly means that the company is providing the product as a 30 days trial to its customers. This will ultimately hamper the sales operation team in the first month of operation of each product that is being delivered (Pathak Nanded, 2016). The second weakness is the usage of docks for delivering of products and the operation involved are placing of goods in a sequential way to promote easy transport of goods (Pathak Nanded, 2016). Absence of another database is another weakness because all the firms need a database for maintaining a track of records of incoming and outgoing products (O'Gorman McDonald, 2012). In addition to the above-mentioned problems the discount of 2% will reduce profit as it recorded from the revenue cycle that large number of customers opt for 2% discount in return products (O'Gorman McDonald, 2012). Control The firm needs to reduce its credit value as it directly effects the organization. The customers with good credit score are not given credit to maintain its current position in the market (O'Gorman McDonald, 2012). Internal control weaknesses Impact Mitigation (Solutions to overcome problem) Purchase of products on credits Hindrance in sales operation for the first month Checking of credit scores of customers before letting out products Shipment of product using the same dock Losing of count during high sales activity Tracking of delivery services by using software solution Absence of a database Unable to keep records of different goods. Application of a database solution High discount in return Customers always opting for this method leading to less profit Needs to apply alternative solutions Overview of ransomware attack Ransomware attack is considered as the biggest of all cyber-attacks that spread round the whole world. The process mainly involves encryption of files which contain important information and data and thereby preventing its access to them (Kharraz et al., 2015). The infected systems display a message of attack with a demand in payment of 300 dollars to the attackers. The demanded money needs to be deposited in bitcoins whose address was mentioned in the display message (Kharraz et al., 2015). Control to Ransomware Attack The ransomware attack is considered as the biggest cyber-attack that affected more than 99 countries. The firm needs to check the presence of security by using various antivirus programs in their systems. The antivirus programs are very useful in checking the presence of any malware or security in their system. Some of the common used antivirus program are Kaspersky and Quick Heal (Faruki et al., 2012). Backing up of important data containing information must be promoted which mainly helps in building a secure system during any disaster that may take place in the firm. In many disaster cases, the organization can easily resume their operation without facing any issues (Faruki et al., 2012) Conclusion From the above discussion, it can be concluded that the organization needs to check the recommendation provided to it in the recommendation part of the report. This will help the organization to apply certain operations so they effective and useful to organization which are mainly ensured in the business. The analysis of ransomware attack is done, its working principle, it effect has been discussed above properly. Measures to control the ransomware attack like backing up of important data, adopting security measures, appliance of security patches has also been discussed. References Andronio, N., Zanero, S., Maggi, F. (2015, November). Heldroid: Dissecting and detecting mobile ransomware. InInternational Workshop on Recent Advances in Intrusion Detection(pp. 382-404). Springer International Publishing. Everett, C. (2016). Ransomware: to pay or not to pay?Computer Fraud Security,2016(4), 8-12. Faruki, P., Laxmi, V., Gaur, M. S., Vinod, P. (2012, October). Mining control flow graph as API call-grams to detect portable executable malware. InProceedings of the Fifth International Conference on Security of Information and Networks(pp. 130-137). ACM. Kharraz, A., Robertson, W., Balzarotti, D., Bilge, L., Kirda, E. (2015, July). Cutting the gordian knot: A look under the hood of ransomware attacks. InInternational Conference on Detection of Intrusions and Malware, and Vulnerability Assessment(pp. 3-24). Springer, Cham. Mercaldo, F., Nardone, V., Santone, A., Visaggio, C. A. (2016, June). Ransomware steals your phone. formal methods rescue it. InInternational Conference on Formal Techniques for Distributed Objects, Components, and Systems(pp. 212-221). Springer, Cham. O'Gorman, G., McDonald, G. (2012).Ransomware: A growing menace. Symantec Corporation. Pathak, D. P., Nanded, Y. M. (2016). A dangerous trend of cybercrime: ransomware growing challenge.International Journal of Advanced Research in Computer Engineering Technology (IJARCET) Volume,5. Song, S., Kim, B., Lee, S. (2016). The effective ransomware prevention technique using process monitoring on android platform.Mobile Information Systems,2016.