Fraud & data breaches can affect any firm. Retail firms have felt the wrath of this. Even the Federal Government and credit reporting bureaus are not immune from outsiders breaking into systems and compromising data.

Using the firm that you work for (or if you are not working, use a firm that you used to work for or a firm that you are familiar with), describe what will be the impact if the firm was exposed to fraud or subjected to a data breach and how you think the firm can respond.