MIS Practicum Presentation
The Issue: Security Concerns at offshore development centers.
The Problem: Security Breaches
Sale of personally identifiable information
Unintentional exposure of information to outsiders
Loss of Laptops, backup tapes
By the Offshore Development Center
By the Client Company
By the governments
Exporting Country (India/China)
Seriously: Hampers the industry as a whole
Importing Country (US)
Politically (Jobs are being lost)
Creating legislation forbidding information leaving US, or to inform customers that their data may be sent out.
TJX security breach: Credit Card
A security breach at HSBC's offshore data-processing unit in Bangalore has led to £233,000 being stolen from the accounts of a small number of UK customers.
Iron Mountain Inc lost backup tapes of client Time
Warner Inc. holding personal data of 600,000 former and current Time Warner employees.
Bank of America lost an unencrypted backup tape with credit card information on up to 1.2 million federal employees while it was being shipped on a commercial airline.
Good idea of the different theories
What to outsource and what not?
How to select a vendor?
Guidelines to follow to reduce the risk.
Systems Analysis and Development
What to outsource and what not to?
Global Supply Chain Management
What parts of the Supply Chain to outsource.
General Issue: Security
There is a huge cost to document each and every process that is outsourced.
Best people in the industry are used at the time of procuring the contract and then they are shifted.
Studies that identify the key factors and challenges:
Increased usage of “more” secure channels.
Training to employees to keep data secure.
Payment to hackers to test the system and identify the weak links.
Investment in secure facilities.
Careful analysis of vendor before selecting them.