In this activity, your instructor will assign you to a groupwith four or five of your peers. Each group member will select adifferent computer fraud event from the following list. Researchthe topic and discuss how the fraud occurred. Assess theeffectiveness of the companyâs internal controls and recommendaccounting information system (AIS) controls that will mitigate therisk of future attacks. Ensure your recommendation is in compliancewith industry standards. Russian hackers broke into Citibankâssystem and stole $10 million from customer accounts. Acxiom managescustomer information for credit card issuers, banks, automotivemanufacturers, and retailers. A systems administrator for a companydoing business with Acxiom exceeded his authorized access,downloaded an encrypted password file, and used a password-crackingprogram to access confidential IDs. The intrusion cost Acxiom over$5.8 million. During the Iraq war, Dutch hackers stole confidentialinformation, including troop movements and weapons information, at34 military sites. Their offer to sell the information to Iraq wasdeclined, probably because Iraq feared it was a setup. A17-year-old hacker broke into the Bell Laboratories network,destroyed files, copied 52 proprietary software programs, andpublished confidential information on underground bulletin boards.Many hackers are young, some as young as 12. In the worst securitybreach in gaming history, 101 million Sony PlayStation accountswere hacked, crashing the network for over a month. More than 12million credit card numbers, email addresses, passwords, homeaddresses, and other data were stolen.
Once each group member has submitted their assessment andrecommendation, discuss the similarities and differences betweenthe internal controls that allowed this fraud to occur and betweenthe AIS controls recommended to prevent future occurrences. Do youagree with your peersâ recommendations? Explain why or why not andsupport your claim with relevant research.
In this activity, your instructor will assign you to a groupwith four or five of your peers. Each group member will select adifferent computer fraud event from the following list. Researchthe topic and discuss how the fraud occurred. Assess theeffectiveness of the companyâs internal controls and recommendaccounting information system (AIS) controls that will mitigate therisk of future attacks. Ensure your recommendation is in compliancewith industry standards. Russian hackers broke into Citibankâssystem and stole $10 million from customer accounts. Acxiom managescustomer information for credit card issuers, banks, automotivemanufacturers, and retailers. A systems administrator for a companydoing business with Acxiom exceeded his authorized access,downloaded an encrypted password file, and used a password-crackingprogram to access confidential IDs. The intrusion cost Acxiom over$5.8 million. During the Iraq war, Dutch hackers stole confidentialinformation, including troop movements and weapons information, at34 military sites. Their offer to sell the information to Iraq wasdeclined, probably because Iraq feared it was a setup. A17-year-old hacker broke into the Bell Laboratories network,destroyed files, copied 52 proprietary software programs, andpublished confidential information on underground bulletin boards.Many hackers are young, some as young as 12. In the worst securitybreach in gaming history, 101 million Sony PlayStation accountswere hacked, crashing the network for over a month. More than 12million credit card numbers, email addresses, passwords, homeaddresses, and other data were stolen.
Once each group member has submitted their assessment andrecommendation, discuss the similarities and differences betweenthe internal controls that allowed this fraud to occur and betweenthe AIS controls recommended to prevent future occurrences. Do youagree with your peersâ recommendations? Explain why or why not andsupport your claim with relevant research.
