In the news: Recently, the malware Wannacry infected many computers worldwide. In order to recover their file, the victims had to pay a certain amount. In what currency was the payment required? a) Bitcoin b) Euro c) Russian Roebel d) US Dollar
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- Do you think that Sony’s response to the attack was appropriate? Why or why not? What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations? Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyberattacks? According to a recent report by Gartner, most business users will have access to some sort of self-service BI tool within the next few years; however, Gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. Why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?Due to the recent outbreak of the COVID-19 pandemic, the operations of many MNCs weredisrupted. One of your friends makes the following statement: “Globalisation is dead! Why areyou wasting your time studying international finance?”. Fascinated by your friend’s question, you decide to conduct internet research on the topic.You may search internet sources including journals, newspapers and finance/economicsrelated think tanks and publications. Based on your research write a report addressing thefollowing issues:(i) impact of COVID-19 on international trade(ii) impact of COVID-19 on businesses (think revenues, cash flows)(iii) impact of COVID-19 on financial markets(iv) challenges faced by finance managers due to COVID-19A good report will be organized well using headings for the sub-topics. Your report shouldreflect the quality of research undertaken by you. Further, you must cite all sources used inyour report using Harvard system of referencing. The upper limit for the report is 750…8. You work for a financial services company. The company is unsure how to interpret the hype in the market about the implications of digital innovation and disintermediation for its own future. You recall having studied some podcasts about the use of digital currency & the use of satellite imaging to disburse financial support during pandemic. Explain to your financial services company: How the digital currency is likely to impact the financial services industry? How the introduction of digital currency is likely to impact the conduct of monetary policy for a country? What is the potential role and prospects for Canada in its attempt to introduce digital currency?
- Which of the following statements about the Bitcoin incentive mechanisms is INCORRECT: We may not be able to penalize the node that created the block with invalid transactions since the node does not disclose its real identity. Block reward is the only incentive mechanism in Bitcoin. The value of block reward halves every 210,000 blocks.What benefits and negatives to you see with crypto? (CBDC 2022) (Kolakowski 2022) In the age of crypto the public has looked to the FED for their perspective of the creation of a crypto for the U.S. in the form of a Central Bank Digital Currency. The FED describes that a, "CBDC transactions would need to be final and completed in real time, allowing users to make payments to one another using a risk-free asset." This debate is popular with the FED holding an open comment submission earlier this year with the public on the topic! Sadly, the submission period of 120 days has ended but here is the link to the PDF gallery of public comments: Federal Reserve Board - Public Comments (Links to an external site.). What does the group think about a nationally created crypto? (CBDC 2022) A digestion article I recently enjoyed was useful as a guide to the massive original post by the FED here: Money and Payments: The U.S. Dollar in the Age of Digital Transformation (federalreserve.gov) (Links to…"Digital transactions are increasing day by day but on the same pace cybercrimes are also increasing and moreover people are lacking digital financial literacy"
- What do you think risk managers are doing (or in the current coronavirus situation as well as the sanctions on trade with Russia?The COVID-19 pandemic has affected one of your customers, NEST Ltd adversely. Even though the economies are fast recovering, they have contacted your company to request to purchase on credit instead of cash on delivery. Your boss, Alan, the Marketing Manager has instructed you to review their request. He has asked you to review NEST Ltd’s latest set of financial statements. (a)Identify the key financial statements. Explain how the information reported in these statements will help you to decide whether to accede to NEST Ltd’s request.Which of the following is not true about cybercurrency? A. Bitcoin is one of several cybercurrencies. B. It is an alternate currency that does not go through the banking system. C. It does not involve the actual exchange of physical currency. D. It is not accepted by any legitimate businesses.
- CyberBest started to develop an anti-malware application on August 1, 20X1. It reached technological feasibility on March 1, 20X2, and the application was released on April 30, 20X2. Below are costs to develop the application. August 1 through December 31, 20X1 $5,000,000 January 1 through February 28, 20X2 1,600,000 March 1 through April 30, 20X2 1,800,000 Determine the amount of asset and the amount of R&D expenses relating to the development of this anti-malware application. $1,800,000 asset, and $6,600,000 R&D expenses $5,000,000 asset, and $3,400,000 R&D expenses $6,600,000 asset, and $1,800,000 R&D expenses $3,400,000 asset, and $5,000,000 R&D expensesWhich one of the following statements is true of E-commerce? Question 13Answer a. It involves the exchange of an electronic item for cash. b. Banks are reducing their use of e-commerce platforms because of cyber attacks. c. Includes trading and transferring of funds by using computer networks. d. E-commerce is not as secure as traditional delivery channels.Which of the following provides the best example of a systematic risk event? Group of answer choices A strike by union workers hurts a firm's quarterly earnings Mad Cow disease in Montana hurts local ranchers and buyers of beef A pandemic caused by the coronavirus shuts down businesses across the globe A senior executive at a firm embezzles $10 million and escapes to South America