Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cyber-security issues have become topical in business discussions in today's technological world. This issue has become a prominent feature owing to the threats of cyber-attacks
Cyber-security issues have become topical in business discussions in today's technological world. This issue has become a prominent feature owing to the threats of cyber-attacks on businesses' online systems which has the capacity to compromise and adversely affect a business's operations. i. Using UMB Bank as a case study, discuss five (5) practical ways that UMB Bank can deal with cyber-attacks and protect their company's valuable information. (5 marks) ii. If computerized and automated systems of businesses are susceptible to cyber-attacks, why are most businesses in the Insurance sector migrating onto computerized systems instead of continuing to use manual systems for the tracking of accounting activities? (5 marks) iii. Identify and explain any five (5) computerized accounting packages available in the Ghanaian open market for SMEs to buy and use for the recording of their financial transactions
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started