International Conference on Formal Techniques †MyAssignmenthelp

Question: Discuss about the International Conference on Formal Techniques. Answer: Introduction The given report is all about various threats of ransomware attack on the organizations revenue cycle. The firm chosen for the report is Motherboard and More Pty Ltd. The report also focuses on the various dangerous effects and possible way that must be chosen to overcome the problem (Andronio, Zanero Maggi, 2015). It also emphasizes on the different possible ways that must be used for checking the organizations revenue cycle and it also recommends the various techniques that must be chosen to overcome the problem. The given organization that is Motherboard and More Pty Ltd is considered as a medium size firm which is located in Australia. This firm mainly emphasizes on the manufacturing of computer microchip, graphic card and motherboard. Apart from this the firm also manufacture various computer system and also repair system which is based in Australia (Everett, 2016). This organization has various business firm in Australia for more than eight years and has integrated framework for ERP system. In the central building of this building the managerial place of work is located which mainly manages the manufacturing and import and export division which are situated on the verge of the town that is considered to very easily approachable with in few minutes of time. Overview of revenue cycle This particular organization mainly takes order form different firms by using different methods like Email, Telephone and the order can be easily put on the portal of this particular company (Faruki et al., 2012). Various order received can be easily delivered to the dock which is considered to be best for managing both the imported and exported goods via different order of shipment. Increase sale ultimately created a bad impact which resulted in delay in import and export of goods and wrong shipment of products. This particular part of the report mainly focuses on the different methods that may be adopted easily for monitoring weakness and the effect of it on the revenue cycle of Motherboard and More Pty Ltd. Apart from this it also checks the possible solution for the weakness of this organization. Department of organization of this organization Accounting is addressing some issue due to many weaknesses that are present in the internal part of the organization (Kharraz et al., 2015). The first issue that is firm is addressing is that it allows the various consumers to buy products on credit which has ultimately reduced the growth of profit of this organization. The second problem that is issued is that usage of dock for both incoming and outgoing products using dock. First weakness that this firm is addressing is that is allow the consumer to buy and sell goods on credit, this ultimately brings us to the point that firm is giving the product to consumers for 30 days free trial. Due to this the sales operation of this organization was hampered in the operation of product which is given or provided to customer at the time of delivery (Mercaldo et al.,2016). The next weakness that is addressed is using dock for delivery of various products and operation which are mainly related for addressing of goods in a right way to promote easy delivery of products. Various organization all around globe mainly requires a proper data for maintaining of various goods that are imported and exported. This part of the given report mainly focuses on the different ways of control that can be easily applied to various business for tracking the various risk that is involved (O'Gorman McDonald, 2012). The organization should reduce the value of credit as it directly affects the organization. Different consumer with good credit score are not given credit for balancing its rank in market. Control of internal weakness Effect Possible Solution to tackle the problem Buying different goods on credit Sales operation was disturbed badly Checking of credit scores of customers Using the same dock different products are shipped. Unable to maintain the count of different products. Delivery of goods can be easily tracked by using a proper software. Non-presence of a database Different goods cannot be tracked easily Proper database needs to be implemented. High discount is given while returning of products. Customers always choose this method which has led to reduce the amount of profit. Alternative solution is needed. Overview of ransomware attack Ransomware attack is the biggest cyber-attack which impacted almost every system of globe. This attack mainly involves the encryption of different important files containing data and information which ultimately prevents its access (Pathak Nanded, 2016). The impacted computers mainly displayed a message containing information which contains a note displaying the demand of money of 300 dollars to the hackers. Ransomware can be considered to be the biggest attack which impacted more than 99 countries round the globe. This particular firm needs to maintain a track on the security by making use of various software of antivirus in various system. Software of antivirus are mainly considered to be helpful in detecting the existence of any virus in the different system. Backup of data is considered to be very useful for given system as it promotes in building a secure system to tackle any disaster (Song, Kim Lee, 2016). As the many systems have faults in it, it become the key point for the hackers to implement attacks like ransomware. Patches are considered to be very useful for eliminating various attacks. Conclusion From the given that is done in the report it can be concluded that various organization must maintain a track on the advice that is provided in the instruction part of this report. The following advice will help various organization round the globe in taking some proper ways that is proved to be beneficial to this organization. Proper checking on ransomware attack is done with its principle of working, measure to control has been discussed. Certain measure must be taken to control the attack of ransomware are like back of vital data containing information, choosing certain security methods, application of various patches of security has been stated in briefly in the report. References Andronio, N., Zanero, S., Maggi, F. (2015, November). Heldroid: Dissecting and detecting mobile ransomware. InInternational Workshop on Recent Advances in Intrusion Detection Accounting (pp. 382-404). Springer International Publishing. Everett, C. (2016). Ransomware: to pay or not to pay?Computer Fraud Security,2016(4), 8-12. Faruki, P., Laxmi, V., Gaur, M. S., Vinod, P. (2012, October). Mining control flow graph as API call-grams to detect portable executable malware. InProceedings of the Fifth International Conference on Security of Information and Networks(pp. 130-137). ACM. Kharraz, A., Robertson, W., Balzarotti, D., Bilge, L., Kirda, E. (2015, July). Cutting the gordian knot: A look under the hood of ransomware attacks. InInternational Conference on Detection of Intrusions and Malware, and Vulnerability Assessment(pp. 3-24). Springer, Cham. Mercaldo, F., Nardone, V., Santone, A., Visaggio, C. A. (2016, June). Ransomware steals your phone. formal methods rescue it. InInternational Conference on Formal Techniques for Distributed Objects, Components, and Systems(pp. 212-221). Springer, Cham. O'Gorman, G., McDonald, G. (2012).Ransomware: A growing menace. Symantec Corporation. Pathak, D. P., Nanded, Y. M. (2016). A dangerous trend of cybercrime: ransomware growing challenge.International Journal of Advanced Research in Computer Engineering Technology (IJARCET) Volume,5. Song, S., Kim, B., Lee, S. (2016). The effective ransomware prevention technique using process monitoring on android platform.Mobile Information Systems,2016.