Question

Many businesses have migrated their accounting processing and storage from in-house servers to I-cloud applications and storage. At the same time, increasing cyber threats, attacks, and intrusions have created the need for businesses to securely protect their data. Identify an organization that was subject to a data breach, hacking, or compromise. Describe the type of damage caused, how the issue was resolved, and what measures could prevent similar attacks in organizations.

Answer 1

An organization: ABC Leather Inc.

Business: Manufacturing and selling leather garments.

Description:

Few years ago the organization faced data hacking through computer. The organization understood that there is hacking because its price quotation for foreign buyers (which is very confidential) was becoming leaked invariably. Once the hacker gets the price, the person can revise his quotation by keeping the quoted price lower and get the order – this is the real damage. The organization was in shortage of export orders and revenue income.

Resolved:

The issue was resolved once the person was caught doing hacking. He was an outsider and got the password from one of the company’s staffs. Once the staff was asked and charged, he accepted his misconduct – his duty was then and there terminated.

Measures:

It is done by applying more security in computer operation, since all data are kept there. Passwords were changed, easy accesses to important data are restricted, and all such important accesses are now under segregation of duties, meaning that there is now more than one person involved in such important accesses so that one’s corruption could be caught by other person.