The CEO pointed out a notably vital concern to the organization that caused an international cyberspace penetration. As she explained, CyberTech is an organization serving as a cyber-forensics consultant for our organization. They have the responsibility to examine our digital experiences forensically and identify any problems and loopholes present in our systems in a bid to solve cyber-related concerns. Systems should be working at the expectations of all stakeholders, and CyberTech is the contractors who should take the roles of advising and implementing on the best courses of actions when it comes to handling the systems. Also, CyberTech is handling the lawsuit following a hacking incident that was reported by the organization in …show more content…
However, with cybercrime, they could be scapegoats and may be innocent. It’s not clear which company did the hacking. The company can either stand with the two stakeholders at the expense of supposed virtues, or it can turn them in to be investigated further even though the information leading to them is insufficient.
Effects of conflict of interest to the organization
This situation may seem totally unrelated but in a great way affects the case at hand. The decisions made by CyberTech will in a way not be genuine due to the influence of the presence of the suspects in another case with them. Let’s take an example that the OPM breach suspects were found guilty in the case which subsequently led to termination of their job and charging by the court. This would lead them not being able to facilitate the other case they have with CyberTech. As a result, it would suppress them financially or even if arrested they would not be able to represent themselves in order to proceed with the other mentioned case. This is a conflict of interest which comes with lame outcomes of a bad image to the organization. As well known, a bad image for an organization greatly affects how it operates and hence how it relates to its customers. The basic factor that prospective clients look upon before proposing to work with a certain organization is the image of the organization (Thompson,
As we have seen throughout the county, if the proper “tone from the top” is not emphasized or proper policies/procedures implemented and adhered to throughout, the company’s reputation, assets, stock values could be harmed tremendously. Some smaller enterprises might not be able to sustain a cyberattack and
The topic I chose to do my analysis on concerning organizational issues related to Internet technologies and network security is a new and emerging threat to companies called ransomware. On 23 January, 2017, the Guardian (https://www.theguardian.com/books/2017/jan/23/ransomware-attack-paralyses-st-louis-libraries-as-hackers-demand-bitcoins?CMP=twt_books_b-gdnbooks) published an article that over 700 computers in St Louis had been infected with ransomware, and that the city was deciding how to deal with this threat.
It is the responsibility of the management to hold secure the data and information that they hold on behalf of the clients that they host. This attack was particularly worrying since the corporation is entrusted with highly sensitive government data and the wealth of the American government military information which it should protect from intrusion from external sources. There are also valuable projects for the organization that it protects like
It was an early morning on July 31, 1996 when a worker logged in to his computer and triggered a malicious code that instructed the system to delete the software that Omega Engineering company ran in it is manufacturing operations. The criminal behind this was a man named Timothy Lloyd. He worked for 11 years and as some point during his working experience with the company, he became the network’s administrator. He was part of the creation of this network, a system he knew all too well.
(Galligan, 2015) There are growing concerns at all levels of industry about the challenges posed by cyber-crime,” said Robert B. Hirth Jr., COSO chairperson. “This new guidance helps put organizations on the right path toward confronting and managing the frightening number of cyber-attacks.” (Perez, 2015) The annual Section 404 of SOX and the quarterly section of 302 of SOX should support this principle of COSO. (PROVITI,
Cyber security is critical in any business or organization. The purpose for cyber security is in the name, “security”. All types of information that are important or ment to be secured requires cyber security to defend it. For example if you submitted personal information online regarding maybe your address or even perhaps your social security number, you would not want that information falling into the wrong hands. So I will begin to talk about a cyberattack and how it was executed. The OPM data breach ( office of personal management ). 21 million current and former federal employees had their personal and highly sensitive private information stolen in a massive data breach that highly affected
Information technology can be very costly, and it is imperative for organizations not to overspend when it comes to their IT budget. However, it is vital for organizations to understand the risks associated with information technology. As we saw in the TJX case, TJX’s senior management did not update their systems and had very little IT knowledge. This led to multiple risks involving several security breaches which could have been contained by improving their information systems more efficiently. It is not just developing and implementing information technology; it is also understanding risks and formulating solutions to issues associated with IT. In Adventures of an IT Leader, Barton faced many challenges when it came to the budget of IVK. He assumed full responsibility for all the risks associated with the technology used and the IT budget. When the power shut off at IVK, Barton was faced with many challenges including possible customer records compromised, IVK’s systems infected, and deciphering solutions to secure the system. Barton suggested that IVK shut down operations to build a new and secure system to ensure IVK’s systems could identify where the infection originated and repairing the system for future
With the growing threat of cyber-terror crimes it is no secret that the victims and potential victims of these crimes would be uneasy. The short terms affects could include loss of valuable information, money, damage to brand and company reputation
Jane of Blacksuit Computing was brought on as a junior developer into the organization to replace another individual who left on “okay” terms. Given a workstation laptop (at the end of the Christmas holiday), Jane was advised that she could download any software required for development purposes. However, the organization’s Network Security Monitoring team reported suspicious traffic to and from her computer. This was the triggering event leading to the authorization of a forensic investigation to identify the source of the suspicious traffic and determine whether any sensitive corporate data was compromised.
Many consequences that occurred out of this hack can support the idea that the impact team were morally wrong in revealing the personal information of people on the website. First, the Ashley Madison customers were put into a situation in which most of their personal information was revealed. Members of the military, government and other higher positions were also revealed to be participating on the website. This release of information caused suicides and harmed relationships and families of those members who were found to be participating in and paying for Ashley Madison’s service. This hack also caused many individuals’ reputations to be destroyed as a result of the leaked information. Therefore, the members of the company, Avid Life Media, customers of Ashley Madison and families and friends all seemed to be affected by this hack. Moreover, the principle of utility introduces the idea that the Ashley Madison hackers were morally wrong in revealing the customers’ personal information because their actions created many negative consequences of the group of people involved. Moreover, the principle of utility states that the consequences for an action will determine whether something is to be viewed as morally good or bad and since the hackers brought about many consequences for so many people involved, their actions are not morally
I completely agree in holding the company responsible for the multinational companies responsible in holding for the data breach. To my knowledge the company should follow the good practices and the market security standards and good security testing. Regular patching of the servers for the security issues should be performed for keeping the intruders away. A good team should be established for the investigation and monitoring of these kinds of issues.
Cybersecurity awareness training will reduce the chances of risks occurring between the three parties engaging in any active outside the best practices of the ISO/IEC 20000, while also mitigating risks to employees and networks. Once training has been completed each company will be responsible for the unauthorized retention, sharing, use and destruction of Finman’s corporate data. Furthermore, the core of Finman’s corporate data
In the previous five years, cybersecurity has turned into the most looked for after calling around the world. More than 90 percent of respondents to an overview directed by the Ponemon Institute (2011) detailed being a casualty to cyberattacks amid the most recent year, costing all things considered more than $2 million for each association. This number keeps on ascending as the two programmers and security devices progress. As indicated by PwC, roughly 33% of all U.S. organizations are as of now utilizing digital protection (Lindros and Tittel, 2016).
1 Now the real question, is cybercriminals are dangers to us? Some experts will say that it depends on the data that companies contain whether it attract the cybercriminal or not. Such as, “customer contact info, credit card data, health data, or valuable intellectual property.” (Armerding). On the other hand, some experts say it depends on the size of the company. Small to midsize organizations usually are attractive targets because they are frequently have less security and more vulnerability. When a cyber criminal is planning to attack he/she is not targeting a specific individual or organization. They do not care who they are attacking; they have programs that attack thousands and millions of people at once. However, you might ask yourself, we are not a small company, but it does not matter because an attack might not come directly at us. Small businesses are gateway into larger companies. “PwC’s Burg agrees, noting that, “smaller organizations increasingly serve as vendors, contractors, and business partners of bigger firms, and as such may have trusted access to the networks and data of these partners.” (Armerding). We work with varies of government and private companies, which either other companies might be under attack and the attacker gain access to our network from that network. From our networks, the attacker can move up to the government. The question I asked earlier is cybercriminals are dangers to us? Yes of course they are real
He also stated that company is working with leading cyber security experts to fix the problem and applying best forensic tools and practices to avoid further damages.