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In: Operations Management

Computer crimes go beyond individuals to companies. Can you describe an example of when computer crime...

Computer crimes go beyond individuals to companies. Can you describe an example of when computer crime was against a company? What steps can a company take to ensure they are safe?

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Expert Solution

The cyber crime i will be talking about is the most recent FACEBOOK DATA LEAK SCANDAL, it came into light in 2018 but the crime was started in 2014 itself.

THE CRIME: It is known as FACEBOOK-CAMBRIDGE ANALYTICAL DATA SCANDAL,the crime involved the collection of personal information of upto 87 million facebook users that cambridge Analica Began collectimg in 2014, this data was used toi influence voter opinion on behalf of politicians who hire them.

WHAT HAPPENED

  • Facebook suspended Donald Trump’s data operations team for misusing people’s personal information
  • The data-gathering tactics used by Cambridge Analytica were an open secret to online marketers.
  • Cambridge Analytica reportedly still hasn’t deleted Facebook user data as promised
  • Facebook says Cambridge Analytica data collection affected nearly twice as many users as previously thought
  • Mark Zuckerberg’s personal Facebook profile was part of the Cambridge Analytica leak
  • Shadow profiles are the biggest flaw in Facebook’s privacy defense.

FACEBOOK REACTS

  • Facebook says it’s hired a forensics team to investigate Cambridge Analytica
  • Cambridge Analytica says it’s conducting a third-party audit over Facebook data
  • Facebook will limit developers’ access to account data
  • Cambridge Analytica suspends its CEO after comments about bribery and entrapment
  • Facebook says it will not extend GDPR privacy protections beyond EU
  • Facebook will no longer allow third-party data for targeting ads
  • Facebook is reducing its Android call history and SMS data collection
  • Facebook has suspended Canadian data firm AggregateIQ

THE WORLD REACTS

  • Facebook stock tanks after data breach report, shaving billions off company’s market valu
  • Playboy deletes its Facebook accounts
  • In a leaked memo, Facebook executive describes the consequences of its growth-at-all-costs mentality.

IN CUSE A CASE THE MINIMUM INVOLVEMENT OF THIRD PARTY IS WHAT COMPANY CAN DO TO AVOID SUCH A CYBER CRIME.


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