You Have Just Been Hired as a Security Consultant by MegaMalls

question 46

Essay

You have just been hired as a security consultant by MegaMalls Inc.,a national chain of retail malls,to make sure that the security of their information systems is up to par.Outline the steps you will take to achieve this.

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Definitions:

Public Goods

Goods which are both non-excludable and non-rivalrous, meaning they can be used simultaneously by more than one person and individuals cannot be effectively excluded from using them.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Nonexcludable

A characteristic of a good or service that prevents individuals who have not paid for it from being easily excluded from its use or benefit.

Nonrival

A characteristic of a good or service where one person's use does not diminish its availability to others.