SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis

Task: Your task is to write a Business Report that contains the following sections in the main body of the Report:

1. SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis 1a) Strengths and Weaknesses (of iPremier’s cybersecurity) The Board is concerned that iPremier does not meet World’s Best Practices for dealing with cyberattacks. It wants to understand how far short iPremier is from World’s Best Practice, and why.

The Board understands that World’s Best Practice can be divided into three timeframes:

1. Before an Attack (risk preparedness)

2. During an Attack (risk detection)

3. Following an Attack (risk response) For each of the three Timeframes: • Research World’s Best Practice standards relating to the Timeframe. • Identify TWO (2) Best Practices in relation to each of the three Timeframes (i.e. TWO (2) Best Practices x THREE (3) Timeframes = SIX (6) Best Practices). • Rate how well iPremier meets World’s Best Practice on a scale of 1 to 5, where 1 is “Not at all or very little” and 5 is “Completely or almost completely”. • Justify your Rating by describing and analysing iPremier’s Strengths and Weaknesses that relate to that timeframe. In your analysis compare iPremier to World’s Best Practice(s), giving references to those practices/standards. Use the COSO ERM Framework1 to guide your analysis. 1b) Opportunities Identify FOUR (4) most significant Opportunities that could arise for iPremier due to this attack having occurred. Refer to the COSO ERM Framework where practical. 1c) Threats Identify TWO (2) most significant Threats that could arise due to this attack having occurred, especially if the existence and success of the attack became public knowledge. Refer to the COSO ERM Framework where practical. While conducting SWOT analysis, you may consider factors such as the following. • Technical factors • Organisational structure • Policies and procedures • Organisational culture • Management incentives • Allocation of responsibilities • Relations with external parties • The role of the Board of Directors