Memorandum Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Memorandum Case Solution

After participant’s response and analysis; I concluded that there are few potential risks that are associated with the Internet of behavior, which include cybercriminal access to sensitive data, criminal hacking and fraudulent activities. The increasing trend of IoT has increased the cyber-crimes and posed some serious challenges for the companies to maintain their security measures and to ensure vigilant security for the data. Basically the risk is in the process of how companies gather information, process that information and store that data, and also how these companies use that data. These risks are very critical for the companies, because it can create massive problems for these companies. It is the responsibility of the company to maintain the individuals’ privacy and to secure their personal data.(Bagchi, 2020)

Further, it would be Blazer Inc. responsibility to develop a system to mitigate these risks for the better utilization of the information. So, to mitigate the risk;first step that Blazer Inc. should take is to maintain the security to prevent the data from hackers and cybercriminals. The company should see the data management network from the hackers’ perspective and then it should analyze the loop holes which hackers can find. Only then, the company can prevent its data from being hacked. The company should go for the devices that have strong navigation's and high alert security for information collection.It should continuously analyze and check the systems and their exposure on the internet. These internal loop holes tend to make the IoT devices weak alongside the lack of security updates. So with time; it is important to check and to maintain the security systems of the process. The remote access and management of data through internet creates loop holes for the cyber-criminals to reach the data, so a continuous check and balance is important to maintain the configurations of the systems.Refer to the appendix 2.

Secondly, Blazer Inc. should make different segments of the network, to make it easier to manage. This means that Blazer Inc. should use particular devices for single purpose and group people who deal with these devices,i.e. security camera and the functions are limited. The company should hire a group of individuals who would arrange these activities and exchange their views. Further the group that is responsible for the HVAC system should be in the same group to discuss the issues and share the information. The grouping of the networks will allow the companies to maintain the information effectively and to prevent the data from any theft. The companies should make smooth communication patterns within the same groups to transfer the data easily and quickly.

After the network grouping; Blazer Inc. needs to place IoTon its operative locations and should use social engineering to reach the required data. Along with that,cyber-security officers should focus on automation to separate the systems that are critical in data management.

IoB gathers the communication and behavioral patterns of individuals and when security officers separate these systems based on how critical they are;cyber-security officers analyze and clean the data.

After separating the networks and managing the data; limit the access of that data to a few groups and allow them to work closely with the data. The devices should be crossed from the authorization process. And in the end, the small devices should be blocked from the process that are not the part of authorization.

As for the staff; Blazer Inc. should develop a network system for the consumer electronics. The access of this segment should be made available to all the employees and staff members so that they wouldn’t hide their devices. The last thing that Blazer Company should do is to monitor the external attacks, continuously analyze the networks and resolve the issues and take care of the security(Wood, 2020).

Blazer Inc. should tighten the security and limit the exposure of data to various groups of people and should add more system integration and segmentation to prevent any loss in the future.

Conclusively,I would suggest Blazer Inc. to adopt the Internet of Behavior through IoT, because currently in this competitive business environment; data management can prove to be a vital source to maintain the competitive advantage. Internet of behavior helps the companies to create marketing campaigns according to the use of behavioral patterns of the consumers. This technology is important for the companies to maintain healthy relationships with the consumers.(Mishra, 2021)................................

Memorandum Case Solution (1)

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