What are some of the potential problems that can occur when someone hacks into an accounting software?
Hacking is unauthorised access to the computer system maintained by an individual or an organisation, with an doubtful intentions , done stealthily.Almost always it is done for something illegal & unethical.
When an accounting software is hacked:
1. the hacker gains access to all the accounting informations of the company and that is liable to be misused or even abused.
2.It can even be altered to suit the hacker's motives ,like undermining the financial results or ratios or some quotations for participating in any bid.
3. Presentations using the accounting data are likely to be falsified , when the data are hacked and changed.
4. The company's secret documents containing manufacturing know-how are likely to be leaked.
5. Important conceptual practices may be hijacked with an intention to copy.
6. Competitors may themselves hack or buy someone to hack , so that they can outsmart this company in sales
7. All areas of the company, like fixation of selling price,purchase order details, employee welfare measures, technical details of manufacture--that can be gauged from that particular accounting software , are exposed to the hacker, who willl use them to his advantage.
.8. In short, hacking of the accounting software of a company, exposes the same to very great disadvantages ,which when not immediately attended, is very likely to prove detrimental to the existence of the company ,itself.
What are some of the potential problems that can occur when someone hacks into an accounting...
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