Preventing an organization’s and customer’s data from cyber-attacks is a critical part of doing business for retailers big or small in today’s market place. The increased level of cyber-attacks in 2014 revealed how cybercriminal and hackers seem to be several steps ahead of the game. Home Depot in September of 2014 reported days after it leant its payment card processing systems had been breached with millions of customers’ credit and debit information stolen.
Cyber-attacks is a huge problems for companies, not only must they protect their customers’ personal information, they face backlash from such attack bringing poor public relations to their company and even affect their financial earnings to their shareholders. For this reason, some
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A portion of the settlement, $13 million will be reimbursed to customers for losses incurred due to the breach and $6.5 million would be used to fund 1-1/2 years of cardholder identity protection services. In agreeing to the terms of the settlement, Home depot must improve data security over a two year period, and hire a chief information security officer to oversee its progress. It will separately pay legal fees and related costs for affected consumers.
Prevention
In order to prevent future attacks, companies need to be proactive by applying best practices, put in place secure software configuration and up-to-date antivirus software to minimize future attacks. In addition to the already stated countermeasure, the following polices when applied would mitigate attacks to the computer networks. Moving forward Home Depot should conduct security data audit and put in place point to point encryption to protect as would prevent credit card information from being stolen. Access control for authorized and trusted employees, and limit third party access to the company data.
Home Depot’s mission statement have three elements, high quality service, broad product selection and competitive prices. These policies when applied would prevent Home Depot from future attacks and also increases consumer confidence that their personal identifiable information is being
Cyber Crime and Cyber Terrorism What is Cyber Crime????? You often perceive the term “Cyber Crime” bandied about these days, as it’s a bigger exposure now than never before due to the total figure of joined people and devices. But what is accurately? In an outer layer, it is simply a crime that has use of computer or imitation aspect to it. Dr. Debarati Halter and Dr. K. Jaishankar (2011) define Cybercrime as: “Crimes that are keen against individuals or crowds with an illegal and criminal motive
RSA is the encryption and network security division of EMC, assisting top organizations to solve complex IT security challenges. RSA’s products and mission consist of a combinations of business-critical controls, encryption, and tokenization to secure access to organizations IS infrastructure. The Security Division offers a wide range of two-factor authentication solutions to help organizations assure user identities and meet regulatory compliance requirements. The authentication keys come in a variety
Cyber Crime Every day millions in some cases billions of dollars are made by businesses from income brought in by online sale of products and services. As businesses continually develop and expand their client base with online products and services so does the desire by criminals to exploit vulnerabilities in their e-commerce setup. The mass worldwide internet usage growth within the last 20 years has been “an approximate 16 million users in 1995 to an estimated 2,937 million in March of 2014” As
What is Cyber Security? Cyber Security can be defined as “measures taken to protect a computer or computer system (as on the internet) against unauthorized access or attack”. (Bullock 283). In other words, an attempt by individuals to protect their personal information and other digital resources from attacks from the cyber world. Why is Cyber Security important? Chiefly, cyber security was created because of the sensitive information that is frequently stored on computers that are attached to the
Cyber attacks on the Internet occur on a daily basis - ranging in size, form, mechanism, level of sophistication and impact. Some cyber attacks can merely be a nuisance that affects a relatively small number of people with an easy fix, while other attacks can be detrimental and costly affecting millions of users (Kramer, Starr, & Wentz, 2009). It is now more apparent than ever that effective cybersecurity defensive technologies and policies need to be designed and implemented to counter the full
The Internet and computers are an essential part of today’s society. People are able to communicate internationally, access endless amounts of information, and conduct business through these technologies. With all the great innovations and freedoms that have come from these tools, there are also a number of risks as well. Nations, companies, and individuals are at a risk of having their computers attacked and confidential documents and information being stolen. The Internet and computers are
1) What is critical reasoning, and how can it be applied to ethical issues involving cyber technology? It is a process in which knowledge and experience are applied to various alternatives in consideration in order to achieve the desired objective. It is a process that involves both inductive as well as deductive cognitive skills. Critical thinking is considered as inherent in making sound clinical reasoning. As critical reasoning and thinking make use of logical arguments they most probably lead
our protection. The more ever-growing technology empower Americans, the more they become prey to cyber threats. The United States Executive Office of the President stated, “The President identified cybersecurity as one of the top priorities of his administration in doing so, directed a 60-day review to assess polices.” (United States Executive Office of the President, 2009, p.2). Furthermore, critical infrastructure, our network, and internet alike are identified as national assets upon which the
not know that doing online shopping or any other personal work can turn into a nightmare. These personal devices are not safe while we are browsing on the internet and even people are aware of it, they are not doing anything to prevent It is an incredibly serious and growing threat, and in this attack the majority of the attackers are criminals, overseas adversaries, and terrorist. From the article, Understanding the Relationship between Human Behaviors and Susceptibility to Cyber Attack, by Aditya
1.0 Introduction In our modern society where technology is evolving, the people who are exposed to computers each day are also increasing. Using computers have become part of our daily lives to the extent that the world would not function as it would now without the use of computers. With that, criminals are moving on to using computers for their criminal activities and thus computer crimes are born. Every now and then we will hear news of companies getting hacked, government websites being defaced
component of an organizational business process hence its management must be as secure as possible. Administrators are, hence, faced with the challenge of securing the network. Network security encompasses monitoring and securing the enterprise. The network security comprises of a system that keeps track of the status of a range of elements within a network. Enterprises, therefore, monitor, lock and secure their domains to ensure their security and possibly prevent cyber-attacks. In Enterprise Network Management
Literature Review Oxford dictionary give meaning about firewall is a part of a computer system that prevents people from getting information without permission, but still allows them to receive information that is sent to them. The word of firewall also been used by Lightoler (1764) is to describe walls which separated the parts of a building, saving both lives and property. In late 1980s, network securities of firewall were been used to distinct networks from others. Firewall also can be defined
their information. The investigator is able to uncover evidence and analyze it to gain the understanding of the motives, crime, and the criminal’s identity to help solve the crime. As computers and technology continue to become a part of our everyday lives, the cyber realm contains a growing realm for evince in all types of criminal investigations (Cummings, 2008) Digital forensics is a way to connect information security and law enforcement. It ensures that the digital evidence is collected in
information. E-commerce has created many new ways for customers to make payments including e-cash, e-cheques, and e-wallets. In the 21st century, many organizations worked hard at securing communications and payments made through e-commerce transactions. In doing so, customers would be able to feel a sense of trust, confidence and assurance that their information is safe. Many technological developments are being tested and today even implemented through that very system, of e-payments. Already being used today
relationships with other business leaders. Additionally, while CIO’s are expected to be tech-savvy, they must also have a mind for the business aspect of a corporation. Finally, probably the most important takeaway from this book is that one should always “know what they don’t know,” meaning a manager must realize there are some subjects they know, and some they do not know. A successful manager will be keenly aware of the subjects they do not know. This book is important to business students because it