Question

Step 1: Select an information systems security threat topic below. Your challenge is to find the largest (measured in dollars or number of customers impacted) recent (within about 5 years) loss suffered by a company, their customers or a government as a result of suffering a purposeful or accidental information security breach. Don't just give us an example, find the largest impact.

Topic choices are:

• Natural disaster - flood
• Natural disaster - earthquake
• Natural disaster - tornado or hurricane
• Data disclosure through human error - hardware
• Data disclosure through human error - software
• Malicious data disclosure
• Incorrect data modification
• Faulty service due to incorrect systems or procedures
• Denial of service attack
• Cyber espionage
• Botnet
• Theft of financial information

Step 2: Find and read at least 3 articles on your topic. Prepare a slide presentation summarizing your research and submit it on Canvas. The presentation should have the following format:

• Title slide including names of all team members
• 1 (minimum) to 3 (maximum) slides on your research -- photos and diagrams welcomed; keep bullet text short and to the point - information presented should include:
  • Incident and players involved
  • What was lost
  • Quantified impact (ex. $ of lost revenue)
  • How it might have been prevented
• "Sources" slide listing urls of materials used to prepare your presentation

Answer 1

Answer:

Theft of financial details

Company name # Sina Weibo

Date # März 2020

Effect # 538 Million Revenue

Sina Weibo is a Chinese microblogging website released on 14 August 2019 by sina corporation. It currently has over 500 million users. This is a forum for users to facilitate sharing, receiving and transmitting information.

The Offensive:

Weiobo reported that the real names, on-site usernames, and investor demographics such as gender, loaction are being stolen in March 2020. Telephone numbers were also stolen and posted in dark network markets for 172 million users. The data was sold for $250 in the Dark Web.