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SWOT Analysis

This document provides a SWOT analysis of security for a business. It identifies strengths like firewalls and password protection, weaknesses like lack of funding and outdated software, opportunities like new security systems and cloud computing, and threats like natural disasters, viruses, and dissatisfied customers.

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Rona Joy Abergas
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© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
260 views

SWOT Analysis

This document provides a SWOT analysis of security for a business. It identifies strengths like firewalls and password protection, weaknesses like lack of funding and outdated software, opportunities like new security systems and cloud computing, and threats like natural disasters, viruses, and dissatisfied customers.

Uploaded by

Rona Joy Abergas
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SWOT Analysis

Strength

Computer software and hardware systems that are protected with firewalls, anti-malware and anti-virus

programs are a strength. Another strength are employees who respect the need for using the correct

passwords and use computer systems and apps only for work-related projects. If all the windows and doors

lock, and are they locked after business hours, this is a strength. If patents, copyrights, trademarks, and

trade names are all protected under law, this is a strength. All that accompanies the foundation of the

security is a strength that will help it grow bigger.

Weakness

Lack of funding for security purposes is a weakness that can be difficult to overcome. Consider what a

security breach would cost you in lost equipment, sales/ time, then allocate funds to protect areas with the

highest potential losses. You can overcome an employee's lax attitude toward security with additional

training and encouragement. Not enforcing intellectual property protection is a weakness that can result in

a weakened brand and lost sales. A lax attitude about updating software protection is another weakness.

Correcting some weaknesses, such as installing new security systems, will cost money. But other efforts,

such as reminding employees of the importance of locking the workplace after hours, are free. A small

effort such as changing computer passwords to random strings of numbers and letters could prevent

unauthorized computer access. Funds are important to keep the business running, without the needed funds

the business could go down in one sweep.


Opportunities

New security systems and products come on to the marketplace on a regular basis. For example, cloud

computing gives a small business data storage only when the businesses requires it. This means the business

does not have to buy servers and other equipment that will not be used to their capacity. The data is secure

and backed up by the outside company. The money saved could be put toward additional security measures.

Although the concept of modernization is at pace at our current time, many opportunities will come to the

security improvements along with the flow of advancement.

Threats

Mother Nature is another security threat when it comes to storms, fires, earthquakes and flooding. Back up

important information and documents to help prepare for these disasters. You should also be aware of, and

prepare for, new computer viruses, hacking and phishing attacks. Make sure you keep your computer

systems protected with the latest and best anti-virus software. Threats also come from dissatisfied

customers, disgruntled employees or unethical competitors. They might try to speak negatively about your

business on websites or social media sites. You should run a search of your business regularly to find out

who is making negative comments about it. If the comments are untrue or blatantly unfair, do something

about it. Counter them with comments of your own, or address them on your own website. Threats like

these can always come at any moment. When less expected they could engage at your business by surprise

and might turn your business upside down.

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