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Stakeholder Analysis

Stakeholder Impact Analysis

Executive Leadership

Critical

Impact

Increased risk of financial loss and reputational damage due to successful payroll scams targeting staff.

Recommendations

  • Implement organization-wide training on recognizing phishing attempts.
  • Enhance communication strategies to inform staff about ongoing threats.
  • Allocate budget for advanced cybersecurity measures, including phishing-resistant MFA.

IT Operations

High

Impact

Increased workload and resource allocation required to respond to and mitigate phishing attacks.

Recommendations

  • Conduct a thorough security audit of current MFA systems and email protocols.
  • Deploy advanced threat detection systems to monitor for suspicious activities.
  • Establish incident response protocols to quickly address breaches.

Finance

High

Impact

Potential for significant financial losses due to unauthorized payroll changes and fund redirection.

Recommendations

  • Review and strengthen payroll processing controls to prevent unauthorized changes.
  • Implement regular audits of payroll accounts and transactions.
  • Collaborate with IT to ensure secure access to financial systems.

Compliance

Medium

Impact

Increased scrutiny and potential regulatory repercussions due to failure to protect sensitive employee information.

Recommendations

  • Review compliance requirements related to data protection and employee privacy.
  • Ensure all cybersecurity measures align with regulatory standards.
  • Prepare for potential audits by documenting all security measures taken.

Customers

Medium

Impact

Erosion of trust and confidence in the institution's ability to protect sensitive information.

Recommendations

  • Communicate transparently with customers about security measures and incidents.
  • Enhance customer support to address concerns regarding data security.
  • Develop a public relations strategy to rebuild trust post-incident.

Key Takeaways

  • Storm-2657's phishing attacks pose a significant threat to financial stability and reputation.
  • Human behavior and insufficient security measures are the primary vulnerabilities exploited by attackers.
  • Immediate action is required to bolster cybersecurity defenses and educate staff.
  • Collaboration across departments is essential to effectively mitigate risks.
  • Failure to address these threats could lead to severe financial and reputational consequences.

Overall Risk Assessment

High Risk