First IT security in information systems Term Paper

First IT security in information systems - Term Paper Example In this report, we will discuss some of the main security measures/steps that can be taken to overcome IT security related issues. The report will also include a discussion about the ways to maintain IT security over a long time for users. Network Security Internet security is imperative in today’s world of digital technology because it provides a number of considerable benefits to individuals and businesses. Some of those benefits include assistance in dealing with fake emails and harmful web links, assistance in protection of data, assistance in making communication process safe, and assistance in dealing with malware, spyware, viruses, Trogens, and worms. Moreover, network safety measures also help users in surviving from phishing and other internet-based frauds. We all know that protection of files and important information stored in computers is essential for every individual. Therefore, it is imperative to apply such security measures which can ensure data protection to a large extent. â€Å"Network security comprises the measures a company takes to protect its computer system† (Kaminsky 1). According to Stallings, viruses and worms are the most harmful and commonly occurring threats to the security of computer networks and they have the ability to spread into every computer system (27). In IT related business, there is a constant need to apply such security measures that can protect computer networks from all types of threats including worms, viruses, and the attempts of hackers. IT professionals need to introduce such mechanisms using which one can efficiently identify the potential threats to the networks in order to apply the relevant and the most appropriate safety measure. Although the advancements in the field of information technology have been beneficial for internet related businesses individuals, they have also brought in a number of security threats. Such threats not only affect the progress of the businesses but also reduce busi nesses’ efficiency levels, as people have to spend a huge amount of time to recover their important information and data if lost. To reduce such threats, business need to hire such information technology experts who can ensure protection using multilayered security strategies. As Lynn states, â€Å"in today's threat landscape, the most secure network infrastructures implement not a single network security technology, but a multilayered comprehensive security strategy† (1). Let us now discuss some of the main steps an information technology professional may take to ensure complete protection for users from internet security threats. Antivirus and Antispyware The first thing that an IT professional needs should suggest to IT related businesses and users is the installation of a suitable antivirus application. Antivirus applications are the most widely used measures to ensure computer safety not only because they provide optimum security to data present inside the compute r systems but also because they hold current databases of worms and viruses using which they can identify the presence of any armful application in the computer syste

Term paper - micro eco Example | Topics and Well Written Essays - 1250 words

- micro eco - Term Paper Example The prices to be charged for the product are also negotiated in the market. The market structure is the term used to define the features of a market. This essay would provide a epigrammatic description of the general types of market structures in the economy. Situation Analysis This section of the essay would explain the different types of market structures: Perfect Competition This type of market structure is hypothetical in the real world at present. In a perfectly competitive market the number of sellers and buyers in the market are infinite in number. Since the number of sellers and buyers are infinite in number, the sellers and buyers are the ‘price takers’ of the products and the services in the market. Since the sellers cannot set the prices of the products, they try to maximize their business returns through the policy of revenue maximization. The types of the products sold by these sellers are homogeneous in nature. This is the reason for which the seller in thi s type of a market structure does not adopt the method of advertisement to sell their products. In the long run, all the sellers in this type of market structure enjoy normal profit (total cost = total revenue). ... Figure 2: Firms Demand in Perfect Competition (Source: McEachern 165) Since the product is homogeneous in nature, the price for every unit would be same so the sellers as shown in the above diagram would face a perfectly elastic demand curve (d). Figure 3: Firms Output Determination (Source: McEachern 173) The sellers in this market system would continue produce till the marginal cost curve would be >= the average variable cost curve. Thus the point 1 is the shut down point of the firms. This is a point in which the firm would only incur the fixed cost loss. This the portions of the marginal cost curve that a lie above the average variable cost curve is the supply curve of the perfect competitive sellers. Figure 4: Long Run Equilibrium (Source: McEachern 177) As shown in the above graph, in the long run all the firms would only enjoy normal profit. It would be at e, where the long run average cost curves (LRAC), average total cost curve (ATC), marginal cost curve (MC) and the demand or average revenue curve would intersect. Figure 5: Net Social Welfare Maximization (Source: McEachern 184) As shown in the above graph, the net social welfare is maximized in a perfectly competitive market structure, as it generates the maximum amount of consumer surplus. Monopoly Unlike perfect competition, the monopoly market structure is displays complete imperfect competition. In this type of a market structure there is only one seller and many buyers in the market. The single seller has the power to determine the price of the product of the service, thus a monopoly seller is a ‘price maker’ in the market. The monopoly seller may sell homogeneous or