Data Breach At Equifax The Challenges And The New Cyber Threats Unb Assignment

2763 words - 12 pages

QUESTION (4):
A WHAT IS SO DIFFERENT ABOUT OPERATING AS A FIRM TODAY IN TERMS OF MARKETPLACE THREATS TO ONE’S SECURITY?
The world has become a global village, everything, everyone, and every business is now interrelated. Any firm that chooses to operate in isolation and not move with the trend is likely to fizzle out of business.
The emerging changes in technology today has brought about changes in the way businesses are been run. Prior to the emergence of the internet and the new innovation like the internet of things, artificial intelligence, data mining and cloud computing to mention but a few. Business owners were not prone to the kind of security threats that accompany operating business in today’s market.
Most businesses today operate E-commerce which is the business of buying and selling on the internet. Amazon, E-bay. Ali-express etc. are examples of big players in e-commerce. There are so many other smaller businesses that engage in E-business. Taking business away from the conventional open store system where people walk in and transact to online operations involves some risk which include but not limited to Credit card and debit card fraud , identity theft , unauthorized access to customer data which are issues in e-commerce business thereby hackers can hack into the merchant database obtain credit card records of unsuspecting customers to transact illegal business transaction thereby causing problems for firms transacting business in today’s market place .
Furthermore, the emergence of new technologies like the internet of things, big data, artificial intelligence, cryptocurrency, social media, and cloud computing has made firms and their numerous client vulnerable to threat. With internet-of-things, almost all products can be connected to the internet, and most of them can also be used for spying and other malicious activities which might affect firms security. (Madnick, S., Johnson, S. & Huang, K., 2019) These days, so many organization thrive on data with so many firms investing in big data. The situation wasn’t like this twenty years ago. Relevance has been attached to data nowadays, with many companies making fortunes dealing with data. This has made data theft a hotspot for hackers desperately looking for means to steal data from the data owners.
Due to globalization, some firms operate in many countries of the world with physical presence in some of these countries. As a result of this, firms operating across border need to have a centralized communication system that makes them share information across the border. (Durden, O., 2019). So many intellectual properties and business secrets are shared on these platforms which are susceptible to hacking either by competitors or general hackers. As a result of trying to operate in today’s market place, these firms have to allow their business information to be shared on the network as against the old way of having them in a centralized place thereby posing threats to firms....

Other Essays On Data breach at equifax the challenges and the new cyber threats - UNB - Assignment

Diverse Learners : In this assignment the researcher will look at different trends and issues - American College of Education - Assignment

1730 words - 7 pages this program, my colleagues and I got computers and other resources for our classroom. The last issue is the need for culturally competent teachers in the classrooms to make learning more appropriate and effective for the students. To address this issue the principal seeking to hire persons from the community when it is possible and have professional development at the beginning of the school year to let the new staff learn about the student body

Fraud and Breach of Trust at Wells Fargo - Colorado State Business Ethics (BUS220) - Essay

747 words - 3 pages Financial Fraud and Breach of Trust at Wells Fargo Founded in 1852, Wells Fargo serves as a pioneer in the financial service industry having relation with some of America’s most pivotal historical events. In September of 2016, Wells Fargo’s reputation was damaged greatly when the public was informed of a scandal consisting of approximately 2 million personal bank accounts. This happened through employees opening these unauthorized accounts

Humanism and Renaissance Artistry at the Isabella Stewart Gardner Museum - Renaissance to Modern - assignment

1846 words - 8 pages Yasmeen Al Idrissi Professor Milda Richardson Renaissance to Modern 8 February, 2016 Humanism and Renaissance Artistry at the Isabella Stewart Gardner Museum The Renaissance movement started in Italy during the 14th century and then spread to the rest of Europe and ended in the 17th century. The Renaissance meaning rebirth, came in between the Middle Ages and Modern History, and it acted like a link that bonded the past, present and future

The Benefits of deploying a Data Warehouse Platform - Sri Venkateswara College of Engineering - Assignment

790 words - 4 pages hardware as a package with a relational or analytics DBMS pre-installed and configured on the requisite hardware. The server is set up with the proper amount of memory and storage, and the DBMS is installed by the vendor; all the customer needs to do is plug it in and turn it on. (Well, that's what the vendors say, at any rate.) Examples here include products from Teradata, IBM and Oracle. 4. Cloud data warehouse offerings, where the DBMS isn't

Canadian History - Challenges and Changes - Grade 10 History - Assignment

497 words - 2 pages Challenges and Changes of Making The New Canadian Flag Challenges - Canada wanted to change their flag in 1965 as the current one (Canadian Red Ensign) had the British symbol on the current flag which no longer represented Canada as they achieved its path towards sovereignty from Britain. - Many Canadian war veterans and Conservatives thought it should not be changed as it had been the flag under the many Canadians who went to war. - It was

The Facebook Data Leak and is it okay for Companies to Sell our Data? - Management Information Systems - Essay

2444 words - 10 pages we sign up for a service. My second source is an article on the politics of sharing personal data. This article looks at understanding the sharing of user data and understanding whether the data sharing is being purposefully shared or if it is unwillingly shared. This would help to understand the Facebook data leak and determine whether Facebooks Chief Executive, Mark Zuckerberg, purposefully shared millions of user data to Cambridge Analytica

The fight against cyber security threat - SERC Access - Essay

783 words - 4 pages Cyber security induction assignment According to Goutam (2015), Cyber security is defined as processes and technologies manufactured to safeguard computers, networks, data and software from unlawful access. Experts predict that there will be approximately 200 billion connected things by the year 2020; These include cities; cars; planes; and homes (Cerrudo, 2018). Overall, I have a positive view on technology, however I also feel that it is

The Detainment of Terrorists Suspects: Does it breach Human Rights - Trinity Anglican School / Legal Studies - Essay

1229 words - 5 pages Joey Muir 3/18/18 The Detainment of Terrorists Suspects: Does it breach Human Rights ‘Human Rights’ are fundamental principles entitled to each person regardless of gender, age, beliefs, or background, these rights comprise of dignity, equality and mutual respect (Australian Human Rights

A look at imperialism effects on the people of the African Congo - History 10 - Assignment

736 words - 3 pages the Congolese the entire time but didn’t say anything because they were making lots of money. The attitudes of the citizens of Germany during the Holocaust were much akin to those of the Belgians. Many didn’t know what was happening to the Jewish people at first, but when the word was out the reactions were mixed. Loyal Nazis stayed loyal and supported the Reich because they believed that they were doing good, some rebelled against what Hitler was

Another Day, My Story About The Start of a New World - English II - Assignment

1917 words - 8 pages and new ones all connected to a network within the panel. The unidentified person walks down the hallway taking out of its coat pocket a strange USB drive. It opens the secured door to see 15 guards firing at once, and at a quick realization the person disappeared, and they were questioning where the person went. Behind all of the guards stood the person, standing in silence, it inserts the USB into the control panel, causing the lights to go out

The challenges and future of Virtual Reality - Chengdu Technology of University - Essay

1734 words - 7 pages The challenges and future of Virtual Reality Virtual reality (VR) is a new technology by means of computer to control the audience's vision, tactile and hearing into a three-dimensional environment, and in this computer generated simulation environment, users would experience the feeling in the real world. And Heim (1993) also listed the main technology of content included sense of interaction and full-body immersion. In recent years, VR has

Similar Papers

Module1 Assignment Explaining The Data Analysis Relations Res 5043 Assignment

722 words - 3 pages voluntarily left the profession and finally interviews with school principals. The surveys should garner insight as to why teachers decide to enter the profession but also the reasons as to why former teachers leave. Principal interviews should indicate the reasons from an administrative perspective as to why a large exodus of teachers in common in many districts. Once data from these three sources has been collected, the responses shall be

Discuss The Problems Which May Arise In Linkage Analysis Which Uses Spatial And Temporal Data. Assignment Assignment

2578 words - 11 pages , Charles Jr killed two people and wounded 13 at his high school. His mother divorced his farther at the age of 3 and moved away from his home town, he was described as loving, well behaved however upon moving, Williams was badly bullied and his academic performance started to fall significantly and as he grew older started to become involved in drugs and alcohol and was sexually abused by his mother’s new boyfriend. (Palumbo, 2016, p.41) He began

Management Challenges In The 21st Century Ntu Assignment

1670 words - 7 pages , making even more challenging for managers to ensure their processes are up-to-date and efficient to stay competitive in the market. It has also resulted in certain process to be redundant and outdated, managers must ensure that their staff stay relevant with new process and to keep them in the company. Governments have emplaced laws that either welcome free trade or increase trade barriers which make local business exposed to external threats such

We Will Focus On The New 707 Model And See What The Impact Is. Finance Assignment

1427 words - 6 pages to consideration more pre-9/11 data points. We chose the S&P 500 index figures as opposed to the NYSE composite figures because, as a very large cap company, we thought it was best to compare Boeing to 500 of its closest peers in terms of size, revenues and reach instead of all 2000 stocks in the NYSE composite. The formula for unlevering beta requires a debt beta estimate. We feel it is a safe assumption that a large, publicly traded corporation