International Event Production Operations Management...

Highly skilled and experienced graduate with proven event management and marketing skills. Demonstrated the ability to take on higher levels of responsibility having successfully organised, planned and marketed National events and campaigns throughout Australia. †¢ Marketing Communications †¢ Digital Marketing, EDM etc †¢ Stakeholder Management †¢ Social Media Management Qualifications Education: †¢ National Event Production †¢ Operations Management †¢ Crisis Management †¢ Invoicing Purchasing †¢ Proficient Microsoft Office Skills †¢ Staff and Volunteer Management †¢ Digital Design †¢ Ad-Hoc Administration QUALIFICATIONS EDUCATION Other Accreditations: 2015 Responsible Conduct of Gambling 2015 Responsible Service of Alcohol 2014 TAB Basics Training Course 2009 Bar Skills PROFESSIONAL EXPERIENCE 2014 Graduate: Bachelor of Management In Event Leisure Industries at University of Technology Sydney 2009 Graduate: High School Certificate Brigidine College St Ives Popcorn X EVENT PRODUCER: The National Winter Festival - www.winterfestival.com.au Australia’s only National European Winter Festival based in the heart of each capital city. Reporting to the Operations Director: †¢ Contracted to October 2016 ï ¿ ¼Ã¯ ¿ ¼Ã¯ ¿ ¼Leading and developing all elements of ‘The National Winter Festival’ from initial brief and venue sourcing, production, ï ¿ ¼site mapping, lighting and sound, vendors, merchandise and all on-site logistics pre – post event. †¢ Executing all internal and external management objectivesShow MoreRelatedAn Empirical Analysis Of Supply Chain Risk Management1692 Words   |  7 Pagespaper titled â€Å"An empirical analysis of supply chain risk management in the German automotive industry† applied the practices of supply chain risk management by surveying sixty-seven manufacturing plants in German automotive industry. The need of real empirical research in supply chain risk management to help analyzing supply chain risk and test the previous research proposed instruments that can be applied for supply chain risk management was the motivation of this work. In this paper, the occurrenceRead MoreHow Has Globalization Impacted Water Scarcity?1257 Words   |  6 PagesSouthern Spain have already been affected by water scarcity issues. Water is critical for many businesses because all goods require water in their production. Companies are increasingly facing a physical shortage of water which, in turn, leads to new regulatory and reputational consequences. The world has to pay close attention to the fresh water crisis because if it doesn’t there will be many more problems than just shortages of drinking water. Both water and food supply are tightly connected. WithoutRead MoreBp Oil Spillage : British Petroleum Company1690 Words   |  7 PagesThe BP Oil Spillage British Petroleum Company (BP) is among the major international gas and oil companies in the world. It provides clients with energy for light and heat, fuel for transportation, lubricants, and other petrochemical products that are used in manufacturing various items. 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Growth and Safety BHP Billiton had decided to expand its operations through theRead MoreRelationship Between Planning Controlling Functions of Management.1125 Words   |  5 PagesInterrelationship between Planning Controlling Functions of Management. Ashiqur Rahman Sami Business Administration Discipline Allama Iqbal UNIVERSITY, PAKISTAN Interrelationship between Planning Controlling Functions of Management. Before we go to specify the interrelationship between the Planning and Controlling Function of Business we have to define Planning and Controlling first. Planning: Planning is a basic managerial function. It involves deciding on a courseRead MoreCase Study : Nissan s Operation Management1514 Words   |  7 Pagesable to recover so quickly because the company had a crisis plan already in place, which involved international connections, relationships and deals with suppliers. In this essay, Nissan’s operation management functions will be discussed, in addition to the critical path method (CPM) and the program evaluation and review technique (PERT) and how these methods can be fused with the company’s project management. Nissan uses many operation management functions in their business, which includes: planningRead MorePlanning Case Application : Icelandic Volcano1379 Words   |  6 Pagesless flexible and poor business model and higher geographical exposure. An estimation of seven million passengers were left grounded without money for shelter, with the shutdowns’ effecting businesses and company production. Lastly, as managers lessons were learned from aviation’s crisis, addressing the risks of future eruptions, interruptions of air travel and investigating various ways to reduce the negative impacts in the future. Planning for this situation This situation embody the significanceRead MoreCase Study Management Functions Of Nissan Motor Company Essay1571 Words   |  7 PagesMilestone One: Nissan Case Study The purpose of this paper is to examine and evaluate the use of operational management functions used by Nissan Motor Company Ltd. The paper will prove to show how Nissan uses operations management functions to provide products and generate value for its customers. CPM and PERT will be discussed to see how they fit into the company’s operational and project management systems. Lastly, this paper will identify the steps used to developing a forecasting system and also supply

Ambition the Key to Self-Destruction - 911 Words

Ambition: The key to self-destruction Ambition is normally seen as a positive quality in an individual, but it can in fact spiral out of control. In Shakespeare’s play Macbeth, readers witness this exact situation; ambition is what leads to Macbeth’s destruction. This trait can also be referred to as his hamartia. The dangerous growth of ambition begins when the witches present to him a prophecy, continues when Lady Macbeth pushes him until, finally, he has built up enough to drive himself to destruction. To begin with, the first instance in which ambition presents a danger is when Macbeth gets encouraged by the witches’ supernatural promises. After he hears the witches declare that he will be named Thane of Cawdor and â€Å"shalt†¦show more content†¦He still wants more and this is seen when he states, â€Å"Upon my head they placed a fruitless crown. And put a barren sceptre in my grip, thence to be wrenched with an unlineal hand. No son of mine succeeding (†¦)† (III. i. 62-65). It is seen here that Macbeth is not satisfied with what he has attained and still wants more: he wants to have sons that can take over being King after him. This is a perfect example of how ambition took over in him. At the end, Macduff recognises this. He gets revenge and puts an end to his thriftless ambition and tyranny by killing him. This is explicitly stated at the very end when he declares, â€Å"Behold where stands / The usurper’s cursà ¨d head. The time is free. † (V. ix. 21-22). If Macbeth had really let â€Å"chance have him king† (I. iii. 142) and â€Å"chance crown him, without his stir†(I. iii. 142-143), and kept his ambition at a healthier level, then the events would not have led to Macduff killing him. With all this in mind, one can clearly see that ambition is Macbeth’s tragic flaw that leads to his downfall. Beginning with the witches introducing him to the extent of his ambitions, continuing with Lady Macbeth’s encouragement, leading to Macbeth’s dangerous self-driven ambition, the story ends in his death. Ambition was his hamartia. It looks like ambition is not the key to all success after all. Work Cited Shakespeare, William.Show MoreRelatedWilliam Shakespeare s Macbeth And The Human Condition1292 Words   |  6 Pageshuman condition, the key characteristics and ideals that compose the essentials of human existence, in his works is a testimony to his own successes. Today, we will be looking at how the themes and concepts presented in Shakespeare’s Macbeth are able to transcend time and place, maintaining relevance in the 21st century, through his accurate representations of the human condition itself. 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Ambition not only â€Å"killed the cat† but killed relationships as well in texts like SisterRead MoreTragic Hero in William Shakespeare ´s Macbeth1014 Words   |  4 PagesMacbeth portrays a amiable characteristic of ambition and yet causes self destruction as he knows the clear difference between right and wrong, choosing the latter every time, allowing a lack of support from the audience and inner paranoia. Although Shakespeare’s Macbeth embodies a characteristic worthy of admiration, he also embodies a tragic flaw, resulting in his own downfall. Macbeth possesses ambition, often a positive characteristic. Such ambition revolves around the battle as the King praisesRead MoreMacbeth Essay1155 Words   |  5 Pagesvarious weaknesses. His sensitivity to his feelings of insecurity which was played upon by the witches, how his manhood was attacked by Lady Macbeth, his drive for ambition and his fear of guilt greatly contributed to the destruction and transformation of Macbeth that lead him off course in the end. Macbeth’s desire for power plays a key role in the way he carry outs the most monstrous acts. Selfishly, Macbeth puts his own desires before the good of his country until he is reduced to a mere coveringRead MoreMacbeth As A Tragic Hero1685 Words   |  7 Pagesto their own ruin or destruction. Within Macbeth, Macbeth the character is regarded as a tragic hero, but wi th the distinct and evident explanation of his evil and the succession of his acts of violence, it may not be as clear cut as to whether he is a tragic hero or not. Though Macbeth does commit an error that leads to his eventual destruction, he knows that his judgement is evil and he is aware of the nature of the deed that he wishes to commit in order to reach his ambitions. His knowledge of theRead MoreMacbeth by William Shakespeare1052 Words   |  4 Pagesuncontrolled power to possess her and prevented her from reaching her potential greatness. She has strayed from her naturally assigned gender role which has upset the Great Chain of Being. Victims of an inverted chain of being, are doomed for self destruction. Lady Macbeth asked to be more masculine because she believed that femininity was useless for power. But when she achieved power, it was too much and she became possessed, which resulted in her ultimate downfall. Lady Macbeth upset the GreatRead More Fitzgeralds Exploration of the American Dream in The Great Gatsby702 Words   |  3 Pageshistory, The Jazz Age. The Twenties were a time of social experiments, self-indulgence, and dissatisfaction for majority of Americans. Fitzgerald depicts all these characteristics throughout the novel with his interesting themes, settings, and characters. The most elaborate and symbolic character Fitzgerald presents to his readers is Jay Gatsby. Fitzgerald uses Gatsby as a vehicle to explore the idea of The American Dream, which was a key element in shaping American society and it’s citizens. FitzgeraldRead MoreMarcus Brutus: The Tragic Hero Of Julius Ceasar972 Words   |  4 PagesShakespeare develops Marcus Brutus as the Tragic Hero whose ambition and naivety in his blind confidence in the nobility of man sparked guidance in a series of events which inevitably forced him to succumb to self destruction. First and foremost Brutus is the Tragic Hero of the play as has been said. Now with the title of Tragic hero comes a weakness, a tragic flaw in the characters personality. One of these tragic flaws includes Brutus’ ambition. Like for instance, when he joined the conspirators he Read MoreMacbeth Villain Analysis877 Words   |  4 Pagesend costing his own life. A tragic hero can be defined as a character who rises to power, fame, wealth, or something of the like, but makes a terrible judgement error or possesses a major flaw in their character that inevitably leads to their self destruction. Macbeth fits these standards with his performance in Macbeth because his evil desires and twisted ways of thinking caused him to believe that if he had the power of King, his life would be fulfilled; therefore, leading him to do whatever itRead MoreThe Film Crash, Directed By Paul Haggis974 Words   |  4 Pagessetting, and even the music. By the end of the movie, the audience is left with a feeling of hope and an ambition to examine its own thought and actions towards others. Even though critics argue that the film Crash is stereotypically racist, the film encourages America to see past the misbelief we have of each other because empathy and self-examination is the starting place for change and the destruction of society is based on one’s cho ices. Racism, prejudice and stereotyping, as the main themes of the

Life Cycle Costing Finding Free Essays

In management accounting, there are various costing methods applicable to use in practice. Some of practitioners are familiar with Job order costing, process costing and activity based costing. The key idea is to apply the right costing method in the right situation. We will write a custom essay sample on Life Cycle Costing Finding or any similar topic only for you Order Now Life cycle costing (LCC) offers another choice to the user. It is usually found in manufacturing, construction, software companies and product development. As we know, consumer and manager need to make decision on the cost of acquisition and cost of ongoing use of many different assets like equipment, motor vehicle, plant and other. As it seems, the key factor to influence the decision of acquisition on assets is the initial capital cost. In addition, the unrealized cost such as ongoing operation and maintenance cost should be considered before the decision making is made. Life cycle Costing is a process to determine the sum of all the costs related with an asset throughout its life which include acquisition, installation, operations, maintenance, renovation and disposal costs. For example, if the managers want to buy the motor vehicle for the purpose of company. They are needed to consider the whole life cycle costing such as their maintenance, their peration, their initial acquisition, and other factor which can give more information to decision maker to make the better decision. This report sets out to address what LCC, why LCC, when LCC, how LCC use on the manufacturing industry. The aim is to provide a clear understanding toward life cycle costing in theory and practise. FINDINGS 1 Life Cycle Costing Life cycle costing is estimates and accumulated costs over a product’s entire life cycle in order to determine whether the profits earned during the manufacturing phase will cover the cost incurred during during the pre- (upstream) and post- (downstream) stage. By understand on how to identifying the cost incurred during the different stage of product life cycle, it might help the manager to manage the total costs incurred throughout its life cycle. In addition, life cycle costing is also helps managements deeply understanding the cost consequences of developing and making a product and to identify area in which may cost reduction effective. The process of Live Cycle Costing involves: l. Assessing costs arising from an asset over its life cycle. Asset life cycle consist of various phase which are planning, acquisition, managing, distribution, and disposition. Though the asset life cycle, all the cost arising from each phase must be estimated at the earlier stage to facilitate in the cost reduction. The acquirer should consider all relevant cost because it is not only about the initial investment and acquisition cost, but all cost occurred over the anticipated life cycle of the assets. II. Evaluating alternative that have an effect on the cost of ownership. The comparisons of asset alternative whether it is at the concept or detailed design level should be evaluate in order to achieve better outcomes from the assets. Each alternative may have different pros and cons. Selecting unfriendly alternative may affect all the cost incurred during the period of ownership. Therefore, a thorough evaluation shall be made to avoid unwanted circumstances. For example, the mobile phone industry such as Nokia, Samsung, HTC and other is a fast moving product. Life cycles are short, mobile phone manufacturers spent lots of money on R;D and they have to recover these costs in a short period of time. This explains why newly released mobile phones are sold at such high prices. 1. 2) Reason for use Life Cycle Costing l. Comparison of asset alternatives to achieve better outcome from asset. Each asset lternatives should be evaluated so that it will assess the risk and benefit on every alternatives. A strategize development and implementation of plans and programs for the assets should be done to ensure that the assets operational objectives are achieved at optimum cost. II. Essential in determination of cost in the asset management process. It is important to identifying the cost in the asset management process whether the asset should be acquired, upgraded, maintained, or disposed of. It will serve a framework on how the asset will be acquired; planning for the upgrade and maintenance and disposal process will be managed. Ill. As managers’ tools in asset. An effective asset manager’ tools will help in delivering company objective effectively and efficiently. In addition, the manager’s tools will be helps by systematic tools like economic appraisal, financial appraisal, value management, risk management and demand management in weighing up the costs and benefits, risks, objective, revenues and expenditures. ‘V. Enables the decision maker to balance the performance, reliability, maintain abilities and other goals against life cycle costs. In order to achieve the outcomes that reflect performance, reliability and ability, the proper planning, allocation of ogether. . 3) It can be used in three stages Life cycle costing should be applied when there are three stages: l. The conceptual stage: This is the stage when the initial proposal for investments is being considered. It is to estimate the future cost and provision to be made over the life of the assets. For example, the different type and designs of machine to incre ase the sales production for the manufacturing industry. II. The acquisition stage. This is the stage where the supplier for the assets is being assessed. It is to assist in the selection of the most cost-effective option. Ill. The service stage. The stage of decision making on whether to maintain, improve or dispose of the assets. It is to improve the cost effectiveness of the production as well as to improve the specification of future assets. For example, when automotive manufacturing products their car product, they are improving their quality of car. So that to ensure the customer still keeps loyalty to buy their car for future. 1. 4) Estimate Life Cycle Costing The formula to calculate the life cycle costing: Life Cycle Costing = Capital Cost + Life Time Operating Cost + Life Time Maintenance Costs + Disposal Cost – Residual Value Product Life Cycle Phases Figure 1 illustrates the relationship between costs committed and costs incurred in the life cycle costing. It involves three stages of a product’s life cycle, the planning and design stage, the manufacturing stage and the service and distribution stage. Committed or locked-in costs are costs have not been incurred currently but that will be incurred in the future after the decision basis has been made. Costs are incurred when a resource is sacrificed or used. A system of costing is the record cost only had been done when they have been incurred. Furthermore, the costs that have been committed are difficult to be alter. The pattern of cost commitment and incurrence will vary based on the industry and specific product introduced. During the planning and design stage, the cost management can be most effectively exercised compared to the manufacturing stage when the product design and processes have already identified and costs have been committed. At the post sales service and distribution phase, its focus more on cost containment than cost management. 1. 4. 2) Life Cycle Costing Model The information should be obtained before selecting a model. This is to ensure that the analysis can be made. Evaluation should be made in considering the applicability f all cost factors, empirical relationship, constants, elements and variables. Life cycle costing model should: l. Represent the characteristic of the asset being analyzed. It includes the intended use environment, maintenance concept, operating and maintenance support scenarios and any constraints and limitations. II. Comprehensive to include and highlight the relevant factors to the Life Cycle Costing asset. Ill. Easy to understand in order to permit timely decision making, future updates and ‘V. Evaluate the specific Life Cycle Costing elements independently of other costing elements. 1. 4. ) Life Cycle Costing Breakdown into Asset Cost Some element need to be identified in Life Cycle Costing. This is because it requires the breakdown of the asset into its part of cost elements over time. The elements that should be considered are: l. Significant amount of cost that generate components of activity. II. Time in the life cycle when conducting the activity. Ill. Resources cost categories that relevant such as material, labor, overhead, transportation and others. 1. 4. 4) Benefits of Life Cycle Costing The benefits the manager can gain from Life cycle costing are: I. Planning and analysis of alternative solutions. It is to serve a framework to document and compare the alternatives to achieve significant cost benefits. Life cycle costing concept will give earlier actions to produce revenue or to lower costs. II. Selection of preferred alternatives. The decision maker can use the information for the selection process with the life cycle costing analysis. Better decision should follow from more realistic and accurate assessment of cost and revenue. Ill. Securing funding. The comparison between the alternatives that have different cash flow patterns over time is important. This is because there are corporate cash lows issues that need to be considered. Life cycle costing analyses provide a basis for projecting cash requirements. ‘V. Review. The life cycle costing can serve confirmation of the reliability of the life cycle costing model. Besides, the credibility of future life cycle costing plans can be achieved. . 4. 5) Life Cycle Costing Process Life cycle costing involves six stages which are: Stage 1: Plan Life Cycle Costing The documentation of the plan needs to be done at the beginning to serve a framework of life cycle costing. This plan must be review to ensure the plan has been interpret correctly and address clearly. Stage 2: Select or Develop Life Cycle Costing Model All relevant categories of cost that will happen in p hases of life cycle should be identified. Select a method for estimating the associated cost and develop the estimates. Stage 3: Apply Life Cycle Costing Model Life cycle costing model need to be validated and obtain the model results from each relevant combinations and support scenarios defined in the analysis plan. Stage 4 : Document and Review Life Cycle Costing Results The documentation of the results should be done to ensure the users understand clearly the results and affects of the analysis along with the constraints and Stage 5 : Prepare Life Cycle Costing Analysis Life cost analysis used to control and manage the ongoing costs of assets or part thereof. It involves review and development of the life cycle costing model asa cost control mechanism. Stage 6 : Implement and Monitor Life Cycle Costing Analysis Life cycle costing should have a continuous monitoring of the actual performance of an asset during its operations and maintenance and to provide feedback for future reference. 1. 4. 6) Application to industry For pharmaceutical products, the product life cycle is becoming shorter and shorter s new products keep being developed for the market demand purposes. It is not surprising that new drugs are being sold at very high prices. For example, drugs which are used to fght cancer in targeted therapy can cost a patient on average RM 20,000 to RM 200,000 per month. Again, the life cycle is short (or uncertain), and pharmaceutical companies need to pay back the initial costs in RD in a short period making high prices necessary. You can imagine how much the companies need to pay for a team of top tier scientists who have been working in the laboratory day and night for many years while developing the drug. Finally, as a short revision on life cycle costing, suppose a new cancer curing drug XXX is expected to have sales of 100,000,000 units in the coming 10 years. The selling price is targeted at RM 1,000 per unit. RD is RM 10,000,000,000, design cost is RM manufacturing cost RM marketing RM distribution costs another RM 100,000,000 and finally customer service RM 50,000,000. Find the life cycle profit for XXX as follow: RM Millions Sales Design Manufacturing Distribution Marketing Customer service Life cycle profit 1 oo,ooo (10,000) (500) (1000) (100) (50) 88,250 The life cycle profit is RM 88,250 million (or RM 88,250,000,000). It is for 10 years and thus on average every year the profit is RM 8,825 million which is quite normal for leading pharmaceutical companies. It can be seen that the total life cycle cost is RM 11,750 million and RM 10,000 million (or 85. 1%) spent on RD. Life Cycle Costing can be conclude as key asset management tool which takes into account the whole of life implication on the asset starting from the cost planning, acquiring, operation maintaining and disposing. It assist in analyse not only the cost of acquiring an asset but also the costs over an asset’s life like long-term operational nd maintenance costs. In addition, it will be the guidance on how long term strategic planning process, analysis, evaluation and decision making process towards the asset managements. The best expected outcome can be managed if all the relevant cost and benefits over life span of an asset is taking into account. Lastly to overall cost involve in owning, operating and maintaining an asset from the initial planning up till disposal. Thus, selecting the best alternative in order to minimize the possible cost incurred and maximizes the potential savings that can be made. How to cite Life Cycle Costing Finding, Essays

Psychological Warfare In The Cyber Realm â€Myassignmenthelp.Com

Question: Discuss About The Psychological Warfare In The Cyber Realm? Answer: Introduction In this modern digital world, Information technology is playing very vital role in providing comforts by easing the way of work. However, there is always a bright side and dark side of any beneficial aspect similarly, there are certain security risks related to the application of information technology. There are various types of risks related to the information security; this report focuses on the Ransomware attack, which can be remarked as the trending risk in this field. It is threat that cannot be pushed away completely, in fact it is changing and evolving day by day as the technology is developing. There are several approaches, opinions, methods, and actions that can help in addressing the risk related to the ransomware attacks; however in real world the reality is that it is not if an individual will be affected, but when. Background Cybercriminals are not those who are trying to steal someones mail from the mailbox or about putting skimmers on ATMs. Cybercriminals are getting more advanced than that, which means cybercriminals are using more sophisticated technology to get the access to someones personal data without any authority (Clough, 2015). Ransomware can be stated as a form of cyberattack, which is made to obtain the data related to an individual or an organization and in exchange gain payment. There are several ways to encrypt the file that is being used by many attackers, however the common or predominantly uses the AES algorithm (Corrigan, 2017). Ransomware is spreading by the means of distribution of malicious files that contains malicious virus. The very recent example of such attempt is WannaCryransomware attack, which was successfully attempted and affected many of the organizations in all over the world. This attack also damaged many systems that cause loss of several data and information of more than a million people (Mansfield-Devine, 2017). According to the U.S. Government interagency report, it can be said that there are almost 4,000 ransomware attacks are being made daily from since 2016 and estimated that these attacks have been increased by 300% as, it was reported in 2015 that the attack rate was 1,000 in 2015. These attacks are being assumed that will keep on increasing like this growth rate. Another report presented by McAfeeTM depicts that just one ransomware made $121 million in the last year (Carlin, 2015). Risks and Security Concerns of Ransomware Loss of money: In order to get access to own data an individual or an organization had to pay the ransom to the hackers for the decryption of encryption that they had put on the files through intrusion. Kirk ransomware is the latest example in which the ransom wase paid by the means of Monero (Karaffa, 2017). Loss of money and not any data recovery: This is the top most risk in any ransomware attack in which there are chances that the hackers will not provide the decryption for the files even after receiving money. For example in WannaCry ransomware cyber attack many of the victims had to pay the ransom whereas most of them do not receive any decryption for their corrupted files. Data compromised: Even after receiving the data there are chances the data has been already compromised means if hackers have the access to the data then they have also access to manipulate them by exposing, deleting or editing, which is a serious risk that can affect the proper functioning of the organization (Kharraz et al., 2015). Encouraging cybercriminals: If an individual pays the ransom to the hackers it will encourage to make later attempts, which will not only affect the same organization rather it will affect rest of the organizations in the world too (Pathak Nanded, 2016). These intrusions can lead the intruders to access the operational related files and the access for the users by encrypting those files with unbreakable encryption, which cannot be decrypted by own. Generally it encrypted all types of the files including videos, documents, images, audio files, game extensions and many more. Each computer that had been infected by the virus can act as a botnet itself and can be used to infect other computers who are at the same network as well (Lipovsky, 2014). Encrypting the files is not the only action that goes on at that moment, but it also extracts the sensitive data related to the individual including username, email address, password and many more and sends them to the cybercriminals, which can be used in further case by them. These all activities raise the concern of security for the computers where the data has been being saved by the individuals or the organizations. CryptoLocker is one of the virus that is being used for such cases from deca des and is also known as police virus. This uses engineering techniques in order to trick the users into running it (Cabaj Mazurczyk, 2016). Generally it is sent in the form of the zip file and looks similarly as the organization uses to send files and ask the individual of that organization to open it. After getting downloaded into the system it starts hiding itself into the system in the profile of the user under LocalAppData or AppData (Beede, 2012). It registers itself into the system as a register key and coding ensures that whenever the computer restarts, it also runs every time and once the encryption is complete a popup arises with the demand of the ransom. These are the risks that raise computer security concerns and need of the better security approaches in order to protect the data and information that could cause serious loss. Strategies for Addressing the Risks There are various strategies for addressing the risks that rise in ransomware cyber-attacks, which can be listed as: Social engineering: taking care of personal credentials related to the personal accounts and bewaring of phishing. An individual should not expose the credentials to random phone calls from outside of the network (Sitting Singh, 2016). Security Awareness Training: With the perceptive of the organizational assets protection, security awareness training can play a vital role in mitigating these threats. This program will focus on the role of the employees in the information security and will ensure that the individual user knows the new tricks, scams, and trends. The goal of this program should be that the employees get educated about the defensive mechanism of the organization (Andre, 2017). Physical Security: Care should be provided to the computers and the laptops in order to confirm that it does not goes in wrong hands or any unauthorized user who can take benefits for personal use by harming the organization (Mishra, 2017). Authentication: There are three ways to make the network more secured firstly, implementation of two factor authentication that will help in protecting the network by asking passwords or OTP whenever the user log into the system. Secondly, saving complex passwords for the user or using randomly generated passwords. A user should must not use general passwords like name, date of birth or else rather it should use at least one uppercase letter (capital letter), a lowercase letter (small letters), a number and a symbol (*,#,_,@,!) in the whole password with. These measures will help in creating a very strong password that will be very difficult for the intruders to hack the password (Sawler, 2016). Password manager software can also be helpful for this purpose and will manage the passwords that have been used for different websites or servers by the user and allow to access with only one password. User Access Control: Limiting the internet usage for organizational work only and allowing access to websites that might infect the system like social media, gaming, online shopping, chatting and many more (Malhotra, 2015). Leverage tools are another option to manage the blocking website access. Anti-virus and Anti-Malware solutions: There should be always firewall and a supporting anti-virus into the system that can detect if any malicious file is being accessed or manipulating the program of the computer and ensures that it is deleted completely from the system (Piggin, 2016). There are various anti-virus are present in the market and individual should not just buy any one of them, proper research should be made before buying the anti-virus. Both firewall and anti-virus should be updated with the new version. Backup Solution: It is a very important activity towards tackling from the ransomware to always keep backup of the data and keep checking whether the system is working or not accordingly. Keeping backup at a goggle drive is not a very good idea rather the organization should have a application-to cloud service, or cloud-to-cloud service, or an on-premise storage unit like hard disks, SAN, drives, tapes and many more (Cook, 2017). System Maintenance: Many of the vulnerabilities occur due to the improper maintenance of the systems that are being used in the organization for saving data related to the operational activities. Conclusion Based on the above report it can be concluded that ransomware is a serious issue in the sector of the Information Technology (IT) related to the information security that is increasing in a very rapid manner and proper precautions should be provided on the preventive measures related to these issues. This can be the biggest loss for any organization to lose their data or not access to personal data and could lead to several delays in the production, supply or many other activities. This report focuses on the risks to the ransomware cyber-attacks to the organization or an individual on how this unwanted incident can cause damage to the assets and their intellectual property. Prevention of these risks are very necessary in order to be safe from such intrusions; this report focuses on some of the measures that could help in fighting back this unwanted situation or preventing them from being started. Personal awareness is also the most important approach towards these risks. Some of futu re trends in ransomware have been explained below. Every individual related to the data and information and using organizations network should be self-responsible about the preventive measures and should play their role with responsibility can be recommended in order to stop from letting such unwanted event and protect organizational assets. Future Trends Per Botnet Payout: there are the possibilities in future that botnets will be pushed out with the ransomware. This means that cybercriminals are hiring junior cybercriminals who are skilled with pushing botnets into the system. This implies that a small hacker would be able to breach into the databases and steal them and it is being named too Ransom as a Service. Public Works and Manufacturing: public works like water treatment facilities can face the intrusion as the hackers may hack the facility system and demand for the money and if not received payment they could start releasing more chlorine to the drinking water supplies. This way they will attack the government and can make ransom in exchange with the security of public. They could manipulate the equipments used for counting, measuring, or any analytical calculation and their formulas of the product ingredients and even there is the possibility of termination of power by them until the organization or government pays the ransom. Dentist and Healthcare Providers: It is already happening at this time but it can evolve and take a more advanced shape. Cybercriminals are educating themselves and trying to get the access with whom an organization or individual is working with and trying to trick them by infecting with virus. 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