The proficiency and efficacy of the cyberspace in its application in accounting, finance, system designs, manufacturing etc., cannot be denied nor neglected. The reality of the twenty-first century is simple; no organization can survive without the adoption and implementation of the mechanism of information technology to their area of business. On the contrary perspective, there are several challenges that are associated with the cyberspace, among which is majorly cyber security. Recently the hackers’ activity has really skyrocketed and has become a major concern for organizations, states and federal governments and even international organizations. Several regulatory schemes are put in place to mitigate the activities of hackers across the globe.
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
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
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.
As organizations utilize software and the internet together to make transactions and complete accounting functions, the threat of cybercrime comes into play. “Cyber crime against private business is growing, and consuming a larger share of Federal Bureau of Investigation resources than ever before…” (Kelly, M., & 42 staff, 2011)
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.
The data breaches at Target, Home Depot are reminders to CIOs of how deadly social engineering can be. CIO’s and CSO’s realize the dangers of security problems on a massive scale. These are some deliberate security breaches that happen when an employee shares a password or loses a mobile device. An employee might access a website at work that loads malware onto his PC, which then spreads throughout the corporate network. In other cases, security breaches occur when a disgruntled employee leaves the company and takes with him valuable intellectual property that belongs to the company.
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
(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,
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
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
With the development of technology, both for ethical and unethical practices, it is a consistent battle with firms protecting their own AIS, and hackers finding the ability to hack into information to receive an advantage in committing a fraud. There are many cases in which a firm(s) were victims of the act committed by the hackers. The main three cases discussed here is: the Department of Veterans Affairs (May 2006), Sony’s PlayStation network (April 2011), and Target’s AIS hack.
To explain why these people should be held responsible for their crimes, we must first look at how hacking came to be. According to an article written by CNN, “Hacking actually has some pretty innocent and harmless beginnings”(). When hacking first began it was more about finding out information and learning how to make things work more efficiently. In fact it was