Suppose you were just notified that your company has experienced a major data breach. You've lost customer
Question:
Suppose you were just notified that your company has experienced a major data breach. You've lost customer records including usernames, email addresses, passwords, addresses, and phone numbers for all 500,000 of your customers. Estimate the direct costs for notification, detection, escalation, remediation, and legal fees. Suppose the attackers contact you and offer to destroy all records, tell no one about the data breach, and show you how to patch the security hole. The only trick is they want to be hired as a "consultant" and have $600,000 deposited into their European bank account. Would you pay the "consulting" fee? Justify your decision
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Loosing 500000 customer records is a very alarming situation These are sensitive information that ca...View the full answer
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Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
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Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities