Heading Scenario Laguna Productions, Inc, is a multi-media entertainment corporation located in Los Angeles that employs 200 people, and it is incorporated in the State of California. Laguna Productions is publicly traded, and the majority shareholders are CEO Charles Encator(40% shareholder) and his four partners (each who each 5% shareholders), all of who comprise the Board of Directors. After three years in existence, Laguna's media products have been selling well and the Board of Directors is interested in expanding operations to include a New York City office location. In its role as an employer, seller of media products, and selling of shares on the public stock exchange, Laguna Productions holds Personal Identifying Information (PII) related to bank accounts, credit cards, email addresses, social security numbers, and other personal information on its employees, customers, and public shareholders. CEO Charles Focatie, is unsure of what are the company's legal obligations to its' employees, customers, and shareholders if PIl is stolen in a cyber-attack under federal law, California state law, and under New York state law. In light of recent cyber-attacks and intrusions into publicly traded companies, Laguna Productions consulted with a cyber security expert, who conducted an internal evaluation of the company's vulnerability to a cyber intrusion. After review, the cyber expert recommends the expenditure of at least $1 million in security software programs to ward off a cyber-attack. The CBO is willing to make this expense, but the other four board members are not willing to invest a lot of money to defend Laguna Production's computer system. As one opposing board member put it, "It's a valid business decision to accept the risk." You have been hired as a Security Consultant to provide recommendations to Laguna Production on the laws and regulations on how to deter cyber breaches. Deadline Deliverable items for the Portfolio Project will be required at different points during the course. Details for each submission are included below in the Deliverable Descriptions. Week 5: PowerPoint . Due by the end of Week 5 at 11:59pm, ET. One year has gone by since you submitted your Memorandum to the Board of Directors, and Laguna Production's revenue streams are up. A New York office has been opened. Up to this point, despite not having made the recommended $1-million-dollar expenditure to shore-up its cyber security, Laguna Productions has not incurred any attempted cyber security intrusions BUSS213 - Partfolio Project However, due to the publicized success of Laguna Productions, a hacking group, known as the NY Rebels, took over the network system of Laguna Productions and the personal identifying information (Pil) of all the employees, customers, and financial investors has been stolen and posted online. The number of impacted individuals is estimated to be near 10,000. PII stolen has been transferred over one million times on the dark web within 24 hours since the attack. The CEO and Board are in a panic as to what the company's liability will be. For this second section of the Portfolio Project, you are to you to create a PowerPoint with voiceover to the CHO and Board of Directors, For this week, you will ONLY be creating and submitting your PowerPoint. The voiceover portion will be added in the following week's submission. Your PowerPoint should be 10 to 12 slides, this does include your title and reference page, in APA format, bullet points, graphics, and at least two scholarly resources to support your rationale. Your PowerPoint should address the following points: Describe the issue at hand Identify what common law theories of liability might be brought by the victims of the hack against Laguna Productions, Describe what statutory liabili might exist under California and New York state laws Suggest ethical actions that Laguna Productions can take to mitigate any harm endured by the victims of the hack. Recommend how the company should address the problem and how it plans to rectify the Pil being stolen in the future