What factors were responsible for the Target and Equifax breaches? Who should have been responsible for these
Question:
What factors were responsible for the Target and Equifax breaches? Who should have been responsible for these breaches? How do you think the firms could have prevented the attacks, and what should they do in the future to heighten security and win back customer trust?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The Target and Equifax breaches were significant cybersecurity incidents that exposed sensitive customer data Here are the factors responsible for these breaches the parties that could have been held responsible and some measures that could have been taken to prevent them and rebuild customer trust Target Breach 1 Attack Vector The Target breach occurred in late 2013 and was primarily a result of a cyberattack on the companys pointofsale POS system Attackers gained access to Targets network using credentials stolen from a thirdparty vendor 2 Responsibility Several parties could be held responsible Target itself for inadequate security practices and monitoring The thirdparty vendor Fazio Mechanical Services whose credentials were compromised The attackers who initiated the breach 3 Prevention Improved network segmentation Target could have better isolated its POS system from other parts of its network to limit the scope of the breach Stronger authentication Implement multifactor authentication to protect against credential theft Regular security audits Periodic reviews and assessments of security controls can identify vulnerabilities 4 Rebuilding Trust Improved cybersecurity practices and regular updates to the public about security measures Compensation and support for affected customers Enhanced data protection measures to prevent future breaches Equifax Breach 1 Attack Vector The Equifax breach occurred in 2017 and was a result of a web application vulnerability in the companys website software Attackers exploited this vulnerability to gain access to sensitive customer information 2 Responsibility Equifax The company was widely criticized for not promptly patching a known vulnerability Regulatory bodies and auditors They should have ensured Equifaxs compliance with security standards The attackers responsible for the ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3+ Reviews
10+ Question Solved
Related Book For 
Information Systems A Managers Guide To Harnessing Technology Version 7.0
ISBN: 9781453394045
1st Edition
Authors: John Gallaugher
Question Posted:
